Reagan's policies created 5.32 million jobs net
in his 1st term. Our Dear Leader's policies created 1.2 million. Reagan
restrained government spending, cut regulation, worked with the Federal Reserve
to curb inflation, and cut tax rates across the board. The Smartest President
Ever did the opposite in every respect. He increased government
"stimulus" spending, increased regulation, worked with the Federal
Reserve to have lots of "quantitative easing" to expand the money
supply, and raised tax rates on the rich. In Reagan's second term, 10.78
million net new jobs were created. Reagan inherited a much more troubled
economy that the Community Organizer in Chief, with 13.5% inflation and
increasing unemployment. Based on the results, Reagan's policies worked, and
those of The One We All Were Waiting For did not.
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A Call for Healing
Showing posts with label Reagan. Show all posts
Showing posts with label Reagan. Show all posts
Feb 16, 2014
May 27, 2013
Difference Between Reagan Success, Obama Failure
Fact is we were in worse shape in 1981 when Reagan took over
than we were in 2009 for Obama. Reagan
lowered tax rates and reduced regulation.
Reagan also encouraged the Federal Reserve to tighten the money
supply. Obama increased spending by 800
billion dollars in "stimulus."
Obama increased tax rates on "the rich." Obama increased regulation by hundreds of
thousands of pages. The Obama era
Federal Reserve has been through God knows how many quantitative easings. In short Obama did the exact opposite of
Reagan in every way possible. Reagan
boosted the economy from disaster and took unemployment from 7.6 percent to 5.5
percent. Obama kept the economy in the
doldrums and took unemployment from 7.8 to 7.5 percent, with a detour in the
middle to 10 percent. As far as the
banks "ripping off kids," I thought Obama nationalized the student
loan program, and that liberal professors failed to teach anything valuable for
graduates in the marketplace. The
housing bubble was caused by government requirements to make loans by race
instead of by credit ratings. So instead
of disparate impact due to making solid loans, we had disparate impact in
defaults and bankruptcies by loaning money to people who couldn't pay it back. In general, the liberal solution to any
problem is more government, especially if the government caused the problem in
the first place. In effect, more cow
bell.
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