Freewill
Platinum Member
- Oct 26, 2011
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There is considerable disagreement about the state of the economy when Reagan and BO took charge. Many can cite stats showing Reagan had it much worse, while others claim BO did. Reagan did not bail out the .1%. BO did.In order to avoid dissimilar starting points, I think we would need to agree on comparisons between the economy Carter left Reagan, and the economy Bush left Obama.I can tell you there are leftists on this forum who believe it. They think BO's massive deficit spending was necessary to keep the economy going. BO spent exponentially more than Reagan, but Reagan's economy boomed for over two decades...we are still waiting for BO's economy to boom. Yet many libs condemn Reagan for deficit spending while commending BO. Makes no sense.I'm a leftist, and I don't know any leftists who think that. Not saying they don't exist, but....Leftist think...
- Ronnie bad for blowing up the national debt.
- Barry good for blowing up the national debt.
You figure it out.
Reagan blew up the debt in a time when that stimulated the economy, so all that deficit spending on a shiny new high tech military spurred the economy.
Obama is blowing up the debt with the same intent, as well as just trying to keep the wheels turning with the economy. But the average American worker is the least cost effective worker in the world. Foreign economic competition is infinitely more potent, and expecting government spending to stimulate an exhausted economy just won't work like it did for Reagan
Could you reference a link showing proof that American workers are the least cost effective? This is news to me.
Furthermore it sounds like you're crediting the prosperity during the Clinton administration to Reagan...so we have to agree on who gets the credit, and the blame, for overlapping trends.
Moreover, most economists that provide analyses outside of political context, will tell you a President only has a maximum effect of 10% + or - on the economy, depending on how smart, stupid, lucky, or unlucky, they are.
A lot to unwind right, and you don't seem like someone interested in a pissing contest, like myself.
As far as providing a link for my opinion that the average American worker is the least cost effective worker in the world...isn't that somewhat self evident based on the increase in outsourcing of American jobs?
I am of the opinion that presidents get too much credit or blame for the economy. I think the American economy is an engine that just needs very slight monitoring for it to hum. Reagan got the government out of the way and it boomed. BO did the opposite and we can see the results with nearly 100 million working age Americans not working.
Regarding cost effectiveness of the American worker, the off shoring of jobs is not a good indicator. It may be for certain industries that need lots of unskilled labor, but not so for those needing skilled labor. Much of the American work force is working more productively and for more hours than in years past.
My feeling is that the POTUS and Congress can only make recoveries worse, not much better. The best thing to do, in most cases, is to do nothing except provide help to those who are truly suffering.