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Thread: US economy creates 243,000 jobs in January

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    And yet you argued, incorrectly, that Reagan and Volcker didn't put the economy into recession. You claimed that unemployment was higher under Carter. You have no clue.
    You have provided no evidence that the dropping interest rates after Reagan took office put the country into recession but ignore the conditions in the country when Reagan took office which certainly did

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post

    You have provided no evidence that the dropping interest rates after Reagan took office put the country into recession but ignore the conditions in the country when Reagan took office which certainly did
    Economy:
    Reagan: not in recession
    Obama: in deep recession

    GDP:
    Reagan: +7.6
    Obama: -8.9

    Unemployment Rate:
    Reagan: 7.5
    Obama: 9.0 (U3 + marginal workers)

    G'head, keep insisting Reagan inherited an economy worse than Obama



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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    You have provided no evidence that the dropping interest rates after Reagan took office put the country into recession but ignore the conditions in the country when Reagan took office which certainly did
    Wow, you still don't get it, do you? When were you born, 1990?

    Volcker, with Reagan's support, intentionally jacked up interest rates in order to curb inflation. The effect was to slam the brakes on the economy, forcing it into recession. Ultimately it was successful in staunching inflation and then they were able to lower rates.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    In terms of job growth, Carter's results make every president look bad as there were 10 million jobs created on his watch in 4 years. Per year, that's better than every other president.
    So why was he not re-elected and why is he considered the worst modern day US president (unless you want to give Obama that title)?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Economy:
    Reagan: not in recession
    Obama: in deep recession

    GDP:
    Reagan: +7.6
    Obama: -8.9

    Unemployment Rate:
    Reagan: 7.5
    Obama: 9.0 (U3 + marginal workers)

    G'head, keep insisting Reagan inherited an economy worse than Obama


    Why don't you ask the people who livedand worked through both which one was worse

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    Wow, you still don't get it, do you? When were you born, 1990?

    Volcker, with Reagan's support, intentionally jacked up interest rates in order to curb inflation. The effect was to slam the brakes on the economy, forcing it into recession. Ultimately it was successful in staunching inflation and then they were able to lower rates.
    My personal opinion, I just don't think you are nearly as smart as you think you are. I lived and worked during both and know which one was worse. I was born in 1946 for your information.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Fletch View Post

    So why was he not re-elected and why is he considered the worst modern day US president (unless you want to give Obama that title)?
    Let's start with your strawman that he's considered the worst modern day U.S. president; since he's not. Nixon and Bush are ahead of him...



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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post

    Why don't you ask the people who livedand worked through both which one was worse
    Why don't you keep the bet you made and find out?

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Let's start with your strawman that he's considered the worst modern day U.S. president; since he's not. Nixon and Bush are ahead of him...


    Lets start by looking at who is as the top of that list but the question is going to be, "Are you better off today than you were 4 years ago, Is it easy to buy what you want and get financing for that which you cannot afford to pay cash for, are we respected around the world as the super power we are?" The answer will show you the results of the 2012 election

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Sheik Yerbuti View Post
    Let's start with your strawman that he's considered the worst modern day U.S. president; since he's not. Nixon and Bush are ahead of him...


    Nixon and Bush were re-elected, Carter was not. How come?

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