Highlighted are the employment numbers when the recession began, when it ended, and the end of the first term of Reagan along with the employment at the end of his Presidency. Very easy to understand what happened 5 5 years after the end of the 81-82 recession compared to what Reagan inherited, 100.7 million working Americans July 1981, 114 million working Americans 5 years later.Labor Force Statistics from the Current Population Survey
Original Data Value
Series Id: LNS12000000
Series title: (Seas) Employment Level
Labor force status: Employed
Type of data: Number in thousands
Age: 16 years and over
Years: 1980 to 2014
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
1980 99879 99995 99713 99233 98945 98682 98796 98824 99077 99317 99545 99634
1981 99955 100191 100571 101056 101048 100298 100693 100689 100064 100378 100207 99645
1982 99692 99762 99672 99576 100116 99543 99493 99633 99504 99215 99112 99032
1983 99161 99089 99179 99560 99642 100633 101208 101608 102016 102039 102729 102996
1984 103201 103824 103967 104336 105193 105591 105435 105163 105490 105638 105972 106223
1985 106302 106555 106989 106936 106932 106505 106807 107095 107657 107847 108007 108216
1986 108887 108480 108837 108952 109089 109576 109810 110015 110085 110273 110475 110728
1987 110953 111257 111408 111794 112434 112246 112634 113057 112909 113282 113505 113793
1988 114016 114227 114037 114650 114292 114927 115060 115282 115356 115638 116100 116104
Compare that to the 146.3 million working Americans in December 2007 when the recession began to the 145.8 million working Americans today.
Leadership works, understanding of the private sector economy is better and we have neither today.
And repealing Obamacare would do little, if anything, to improve things.
What I find interesting is that right after Obama took office, there were lots of conservatives claiming that the government should do nothing to stimulate the economy and that we should just let the recession burn itself out. Those people pretty much got what they wanted.
For someone who didn't vote for Obama, I can only assume that you voted for someone further left or didn't vote at all. I don't see a lot of credibility in your posts for a so called business owner but I do see a lot of excuses made for Obama and his policies.
What makes you believe that I supported the spendulous bill? I am pretty sure that the rebate checks went out under Bush, not Obama, you might want to double check on that. I don't remember any Obama tax cuts, but I do believe that middle class tax cuts are needed now to get our economy going.
I suspect that you are such a ideolog that you can't imagine anyone being anything other than that. There are some of us who could care less about ideologies or being members of political clubs, or siding up on teams. The only thing I really care about is finding out what the truth is, and how things can be done better in the future.
As for being an ideologue, I grew up a staunch Democrat in a Depression era family but grew out of it when I realized that the Democrat Party of JFK changed and became the entitlement liberal party taking money from those who produce to give to those who don't. I can spend my money quite well and probably give more to charity than many here actually make. I have voted for Democrats and Republicans and was like far too many here believing in an ideology instead of actual economic results. I am a conservative and used to be a conservative Democrat until the party left me.
Economic Stimulus Act of 2008 - Wikipedia, the free encyclopedia
The IRS added together a $600 rebate for the parent and $600 for the two children to get $1,200, then subtracted the phaseout reduction of $750 ($50 for each $1,000 income above $75,000) to get $450...As 2008 began, economic indicators suggested an increased risk of recession. Federal Reserve Chairman Ben Bernanke testified before Congress that quick action was needed to stimulate the economy through targeted government spending and tax incentives. Congress moved rapidly to pass such legislation. The legislation was designed to stimulate spending by businesses and consumers during 2008. The hope was that the targeted individual tax rebates would boost consumer spending and that targeted tax incentives would boost business spending.