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U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

and conservatives don't acknowledge that Obama inherited the worst recession since the great depression? Really?

Is that an example of mutability of the past?

no, the 81-82 recession was much worse compounded by a 20 plus misery index with record high interest rates. The further we get away from that recession the more revisionist history about this recession
 
They believe in parts of it. They believe it if they can criticize Obama for it, but not if it criticizes Bush or hurts the "Reagan is our savior" argument.

Reagan had the leadership skills Obama will never have and can only dream about
 
no, the 81-82 recession was much worse compounded by a 20 plus misery index with record high interest rates. The further we get away from that recession the more revisionist history about this recession

So, conservatives believe it was only the second worst recession since the great depression?
 
So, conservatives believe it was only the second worst recession since the great depression?

Don't know how bad it was as it didn't affect me or my family at all. The 81-82 recession affected every American
 
Lucky you. You didn't wind up with a house underwater, and/or lose your job.

Nope and apparently neither did you but then again I live in TX. The 81-82 recession was a double dip and was compounded by high interest rates and high inflation. Every American suffered
 
...The 81-82 recession affected every American

Didn't affect me. I was in high school, and neither of my parents lost their jobs. The inflation actually made it a little easier for them to pay down debt, the debt payment was fixed, but they were getting large COL raises every six months.

It's only a recession if it affects your neighbor, because if it effected you, then you would be calling it a depression.
 
Didn't affect me. I was in high school, and neither of my parents lost their jobs. The inflation actually made it a little easier for them to pay down debt, the debt payment was fixed, but they were getting large COL raises every six months.

It's only a recession if it affects your neighbor, because if it effected you, then you would be calling it a depression.

Interest rates affected home ownership, credit card debt, and unemployment compounded the problem. Compared to this recession it was a depression.
 
Interest rates affected home ownership, credit card debt, and unemployment compounded the problem. Compared to this recession it was a depression.

The Reagan Administration did horribly mishandle our economy and turned a recession into a depression. I see your point.
 
The Reagan Administration did horribly mishandle our economy and turned a recession into a depression. I see your point.

You are right, 17 million jobs, doubling of GDP, 60% increase in govt. FIT revenue, and a peace dividend and he won 49 states in 84 election
 
You are right, 17 million jobs, doubling of GDP, 60% increase in govt. FIT revenue, and a peace dividend and he won 49 states in 84 election

Yup, sub-par performance compared to most democrats. Carter produced 11 million jobs in just 4 years. Clinton produced 22 million jobs in 8 years. And the price for that peace dividend was only a 250% increase in the federal debt. Do you realize that Reagan added more to the debt than all of the presidents before him, combined? Heck, even Obumer isn't going to break that record.
 
Plus they have a D after their name. Whenever you bring home a D, your parents aren't likely to be happy. Letters matter, you know.

The D matters little - if they were smart, had good ideas and worked with other lettered individuals without demonizing them - the letters wouldn't matter at all.
 
Yup, sub-par performance compared to most democrats. Carter produced 11 million jobs in just 4 years. Clinton produced 22 million jobs in 8 years. And the price for that peace dividend was only a 250% increase in the federal debt. Do you realize that Reagan added more to the debt than all of the presidents before him, combined? Heck, even Obumer isn't going to break that record.

Reagan inherited a double dip recession, Carter and Clinton had growing economies. Wonder why BLS doesn't show those jobs creations? I realize this is become a game for you but the reality is there is no comparison between the 81-82 recession and recovery vs. the 2007-09 Recession and recovery
 
I haven't done anything in this thread but point out the ridiculous nature of your posts. The failure in your posts is nearly overwhelming at times.
You've pointed out your own ridiculousness in this thread, and rather poorly might I add.
 
Reagan inherited a double dip recession, Carter and Clinton had growing economies. Wonder why BLS doesn't show those jobs creations? I realize this is become a game for you but the reality is there is no comparison between the 81-82 recession and recovery vs. the 2007-09 Recession and recovery

So what you are saying is that under Carter, our economy was good, but then Reagan takes office and not only did we have a recession, he mismanaged our economy so bad that we double dipped. Hmm. At least the Obama policies didn't result in that.

Didn't Clinton inherit a recession also? I can't remember, maybe it was over by the date that Clinton took office, but I seem to remember that the reason we didn't reelect that first Bush was because our economy was so bad.

You don't see a trend here?

Or maybe you should just go ahead and admit that whoever happens to be in office can't really be blamed for national economic events that they didn't personally create, and stop playing the blame (the democrat) game.
 
So what you are saying is that under Carter, our economy was good, but then Reagan takes office and not only did we have a recession, he mismanaged our economy so bad that we double dipped. Hmm. At least the Obama policies didn't result in that.

Didn't Clinton inherit a recession also? I can't remember, maybe it was over by the date that Clinton took office, but I seem to remember that the reason we didn't reelect that first Bush was because our economy was so bad.

You don't see a trend here?

Or maybe you should just go ahead and admit that whoever happens to be in office can't really be blamed for national economic events that they didn't personally create, and stop playing the blame (the democrat) game.

The recession of 1980 under Carter was a double dip in 1981 as NBER reports. Clinton inherited an economy that growing at over 4% so yes the recession was over. What is it about liberalism that creates this kind of loyalty?
 
The recession of 1980 under Carter was a double dip in 1981 as NBER reports. Clinton inherited an economy that growing at over 4% so yes the recession was over. What is it about liberalism that creates this kind of loyalty?

I guess it is the same type of loyalty that conservatives have. I see no difference. All you extremist play the spin game, regardless of which extreme you happen to be on.
 
Nope and apparently neither did you but then again I live in TX. The 81-82 recession was a double dip and was compounded by high interest rates and high inflation. Every American suffered

No, I rode out both recessions fairly well, lucky me.

Which doesn't mean neither one was a recession.
 
The recession of 1980 under Carter was a double dip in 1981 as NBER reports. Clinton inherited an economy that growing at over 4% so yes the recession was over. What is it about liberalism that creates this kind of loyalty?

Um... liberalism creates loyalty?

My history book says that Reagan was president in 1981, not Carter.

What does yours say?
 
The D matters little - if they were smart, had good ideas and worked with other lettered individuals without demonizing them - the letters wouldn't matter at all.

They still matter to loyal partisans.
 
Um... liberalism creates loyalty?

My history book says that Reagan was president in 1981, not Carter.

What does yours say?


Yes, Reagan was elected and took office in January. His economic plan was passed in August, the recession began in June so tell me how Reagan created a recession without having a plan implemented?
 
By the way if I had fallen that many steps it wouldn't have taken me 7 years to get back up to the top

You avoided the actual point. The question was from what starting point should we measure success. Has the recovery taken a long time and is not a particularly good one? Of course. But don't confuse people saying things are getting better with us saying things are great or that everything's fine. A temperature of 100.2 is a good thing if it had been up to 105, and I would absolutely call that an improvement and say things are getting better. That doesn't make 100.2 a good temperature. But you want to ignore that it had been up to 105 and coming down.

My point is that by all indications, we have finally hit the main turn-around point. We've recovered and exceeded all jobs lost to the Recession and economic growth is evident. Wages and income are starting to go back up.
 
You avoided the actual point. The question was from what starting point should we measure success. Has the recovery taken a long time and is not a particularly good one? Of course. But don't confuse people saying things are getting better with us saying things are great or that everything's fine. A temperature of 100.2 is a good thing if it had been up to 105, and I would absolutely call that an improvement and say things are getting better. That doesn't make 100.2 a good temperature. But you want to ignore that it had been up to 105 and coming down.

My point is that by all indications, we have finally hit the main turn-around point. We've recovered and exceeded all jobs lost to the Recession and economic growth is evident. Wages and income are starting to go back up.

The point is it took us 7 years to get back all the jobs lost since the recession started and you call that a success? The American people don't call it a success nor do I. Labor participation rate, the numbers of part time workers, and the wages being paid showing that many of those jobs are indeed part time. Obama was hired to fix the problem and at a cost of 7 plus trillion dollars and has failed miserably as evidenced by the reality of the elections and the fact that no one here can point to the legislation he created to lead to success
 
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