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US economy creates 243,000 jobs in January

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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.
 
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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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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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
 
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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Nixon and Bush were re-elected, Carter was not. How come?
 
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
Yes i am better off today Thnxs in part to our wonderful social security system and medical disability.
 
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


:roll::roll::roll:
You are pretending that those are the only things to consider when discussing the overall condition of the economy. Inflation was 14% and the Prime rate was 20% when Carter left office. Inflation and interest rates were near zero when Bush left office.
 
Nixon and Bush were re-elected, Carter was not. How come?
Had Nixon and Bush served only one term, they likely would have ranked higher than they did. Carter lost his bid for re-election primarily because he failed miserably to bring home 52 Americans being held hostage in Iran.
 
You are pretending that those are the only things to consider when discussing the overall condition of the economy. Inflation was 14% and the Prime rate was 20% when Carter left office. Inflation and interest rates were near zero when Bush left office.
No, I clearly stated those two factors are the leading indicators of the economy. I never said they were the only indicators.

And by the two leading economic indicators, Bush's recession was far worse than Reagan's. But more to the point, the country was not in recession when Reagan took over while it was drowning in a deep recession when Obama took over. Doesn't it seem absurd to you to claim an economy not in recession is worse than one which is?
 
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.

Ad hominem aside -- you don't understand what the early 80s recession was, how it came about, or what Reagan and Volcker did or why. Other than that, your experience is really serving you well.
 
Great, what did Obama do that made things so much better for you?
For one, my 401K is up more than 30%, thanks to his policies which inspired a bull market. For another, my wife, who is a recruiter and stopped working in early 2009 when nobody was hiring, has gone back to work now that the job market is growing stronger, also thanks to his policies which have led to 2 million private sector jobs created since last year.
 
For one, my 401K is up more than 30%, thanks to his policies which inspired a bull market. For another, my wife, who is a recruiter and stopped working in early 2009 when nobody was hiring, has gone back to work now that the job market is growing stronger, also thanks to his policies which have led to 2 million private sector jobs created since last year.

Oh, I see so the market went over 14000 like it did under Bush? Glad you wife is back to work, 24 million unemployed and under employed aren't as lucky. Amazing isn't it that all those jobs created still don't equal what Obama inherited?
 
Oh, I see so the market went over 14000 like it did under Bush? Glad you wife is back to work, 24 million unemployed and under employed aren't as lucky. Amazing isn't it that all those jobs created still don't equal what Obama inherited?
The Dow is not "the market." Don't you know anything? You also don't understand percentages. Shocker :eek:

The Dow was at 10,600 when Bush became president. It took 7 years for it to increase 34%, rising 3,600 points.

Under Obama, it didn't take 7 years to increase 34%. It was up 34% in 21 months. It's currently up 57%, after rising 4,700 points.

It's your sycophancy which leads you to believe that a 3,600 point gain after 7 years is better than 4,700 point gain in 3.

Not to mention the NASDAQ, which at 2,966 is nearly double what it was when he started and higher than at any point while Bush was president.

And of course, the coup de gras ... even though it took 7 years under Bush to increase 34%, it took 8 years under Bush for it crash to just over 8,000; a 2,300 point loss (22% drop)

And Bush remains in the undistinguished category with Herbert Hoover as the only presidents to leave office with all indexes of the stock market lower than when they started.

You're so proud, ain'tcha?
 
I've seen it used here (probably by you), but I have no idea what it means. What does it mean?
It is a reasonable question. A statist believe that the state is, or should be all powerful. The statist minimizes the individual. The person is nothing more than a client to be deceived by the state or a victim to be fleeced by the state. Statists believe in utopias with themselves as the decision-makers. For the statist the ideal citizen is no citizen at all but a subject who is equal to all others in as many ways as possible, in dress, in housing, in transportation, in education, in everything. The statist is very often a socialist, a Marxist, a Communist, or a liberal. Statists dislike individualism but love state power, control, and authority. The statist prefers that the state have dominion over the people, their wealth, their businesses, in short, over their lives.
 
They did not have "access to essentially the same intelligence as the President," don't be ridiculous.


Yes. They do.

Here's the NIE the president had ...
http://www.fas.org/irp/cia/product/iraq-wmd-nie.pdf

...and here's the NIE that everyone in the Congress had ...

http://usiraq.procon.org/sourcefiles/2002 National Intelligence Estimate.pdf

Those two documents not alike, not even "essentially."

Nice dodge. The entire house and the entire Senate are remarkably untrustworthy people. Let me try this again. "The leadership on the intelligence communities have regular, enduring intelligence briefings. The leadership of both parties are briefed and may ask questions. If you did not know that before you know it now."

The only members of Congress who had access to the 96 page NIE the president had access to were the members of the intelligence committees and they are not allowed to provide classified intell to other members without the proper clearance. That doesn't mean intelligence committee members don't sometimes slip up but that is not access.

See? You do get it although you pretend that you do not.
 
The Dow is not "the market." Don't you know anything? You also don't understand percentages. Shocker :eek:

The Dow was at 10,600 when Bush became president. It took 7 years for it to increase 34%, rising 3,600 points.

Under Obama, it didn't take 7 years to increase 34%. It was up 34% in 21 months. It's currently up 57%, after rising 4,700 points.

It's your sycophancy which leads you to believe that a 3,600 point gain after 7 years is better than 4,700 point gain in 3.

Not to mention the NASDAQ, which at 2,966 is nearly double what it was when he started and higher than at any point while Bush was president.

And of course, the coup de gras ... even though it took 7 years under Bush to increase 34%, it took 8 years under Bush for it crash to just over 8,000; a 2,300 point loss (22% drop)

And Bush remains in the undistinguished category with Herbert Hoover as the only presidents to leave office with all indexes of the stock market lower than when they started.

You're so proud, ain'tcha?

Sorry, Sheik, but you have too bad of a case of BDS and that serves no purpose.
 
Yes. They do.


Nice dodge. The entire house and the entire Senate are remarkably untrustworthy people. Let me try this again. "The leadership on the intelligence communities have regular, enduring intelligence briefings. The leadership of both parties are briefed and may ask questions. If you did not know that before you know it now."



See? You do get it although you pretend that you do not.

It will never be true no matter how many times you repeat it.

The fact is, there were two copies of the NIE (and for a reason, despite your empty denials)

One was 96 pages

http://www.fas.org/irp/cia/product/iraq-wmd-nie.pdf

One was 28 pages

http://usiraq.procon.org/sourcefiles/2002 National Intelligence Estimate.pdf

They were not the same.
 
No, no one here is a statist. Such limited thinking poisons discourse.
Actually Boo, there are many here who take statist positions. Those who want to increase taxes on "the rich" for example are statists. It is seductive to think you can get something that others must pay for. That is why the number of statists have grown over time.
 
Sorry, Sheik, but you have too bad of a case of BDS and that serves no purpose.
Your inability to address a word that I said is duly noted, Con.

:2wave: :2wave: :2wave:

Speaking of which, are you still refusing to take the bet that you made? Are you still running away? :lamo
 
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