Skip to comments.Why Obama can't match the Reagan recovery
Posted on 05/04/2012 11:03:00 AM PDT by Signalman
NEW YORK (CNNMoney) -- April's jobs report was, in a word, disappointing. The economy added only 115,000 jobs. Hiring slowed. More than 340,000 workers dropped out of the labor force.
April's report, which follows lackluster numbers for March, is particularly bad news for President Obama's campaign staff in Chicago.
Election forecasters have long argued that a swiftly improving economy in the months leading up to Election Day represents Obama's best chance for an easy re-election romp.
After all, that's the playbook Ronald Reagan used to steamroll Walter Mondale in 1984. Reagan was able to capture a whopping 525 electoral votes, in part because the economy was rapidly climbing out of a recession as voters went to the polls.
But now, it looks like the Obama team will have to set aside hopes of a Reaganesque recovery. That's because job growth is following a familiar pattern: strong in the winter, weak in the spring.
A few months ago, it looked like the labor market was starting to gain some traction. The economy added 200,000+ jobs from December through February.
(Excerpt) Read more at money.cnn.com ...
Well, Reagan believed in America and had a degree in economics. Everything else followed that.
There are many Americans who are working to make 0bama fail.
Please expand on that.
I’m thinkin, he’s doing a pretty good job screwing this up on his own.
Because Obama’s objective is the DESTRUCTION OF AMERICA!
He has no intention of “fixing” ANYTHING!
His words are lies, intended to deceive voters into believing that his policies will make things better for them and society at large.
His policies are designed to destroy America, NOT “fix” anything!
Let’s see, Reagan used free market principles to correct socialist meddling in what was and still is (at least marginally) a free market economy.
Jugears Oladies tee is using ferociously socialistic policies to address a free market economy. It never ends well.
Obama can blame global warming.
Did Reagan control the seasons?
He took trillions out of the economy and used it for vote buys.
Totally wrong analysis.
Reagan wiped the map with Mondale because he was a totally colorless, clueless doofus who had promised to raise everyone’s taxes.
Bingo! You loot trillions and the capital used to build the economy or merely keep it running is gone. So simple only an Obama voter could not understand it.
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