Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

Reagan vs. Obama Another Reminder of Obama's Failed Economic Policies
ATR ^ | 2012-10-05 | Kyle Pomerleau

Posted on 10/08/2012 9:23:05 AM PDT by 92nina

Today’s unemployment report resembled Obama’s debate performance: poor and misleading. Wednesday, the President tried to convince the American people that they are better off than they were 4 years ago, but Americans are not buying it. When the numbers are all against you, it is hard to disguise failure.

Today’s job report reflects that failure. The report showed the unemployment rate dropped to 7.8 percent, with the economy adding only 114,000 more jobs in the month of September. This is being hailed as good news by the President and the media. It speaks to how bad the economy is if this jobs report is praised as good news.

Take a look:

Unemployment Rate vs. Real Unemployment Rate

One of the reasons the employment number continues to drop is because people are leaving the workforce. If we were to calculate the unemployment rate with the same labor force participation we had in 2009, the real unemployment rate would be 10.75 percent; not a pretty picture at all. It is even worse when you consider that Obama promised that the unemployment rate would be less than 6 percent by today with his failed stimulus.

This supposed “good” news for Obama is being celebrated on the backs of the 8.7 million people who are not only unemployed, but have given up looking for jobs since Obama took office in January 2009.

For a reminder of what a real recovery looks like, one should consider how Reagan’s policies helped the economy.

Change In Non-Farm Payroll By Month After Recession Ended

At this point in the Reagan presidency the economy was constantly adding more than 120,000 jobs, totaling more than 9.8 million jobs since the end of the recession in the 80s.

Obama has only been able to manage to add 2.9 million jobs since the beginning of the Obama presidency. Even worse, since the beginning of Obama’s presidency, the economy has lost now a total of 965,000 jobs, while Reagan’s presidency oversaw an increase of 2.9 million at this point in his presidency.

Job Creation During Presidency and Since Recovey

These numbers cannot hide the failure of the President’s big government policies: America is much worse off today than it was when Obama took office. His policies have contributed to making this recession one of the longest and worst in American history.

In order for a true recovery, the government needs to pursue policies that will allow the economy to grow and prosper. Reagan’s economic policies of cutting taxes and reducing regulation helped a broken economy recover. We need more than just empty rhetoric; we need real policies that will help American families. The policies of Reagan are just those policies.

Read more:

TOPICS: Business/Economy; Government; History; Reference
KEYWORDS: democrats; economy; obama; reagan
This month's jobs report reminds us again how Obama's policies have failed American families.
1 posted on 10/08/2012 9:23:13 AM PDT by 92nina
[ Post Reply | Private Reply | View Replies]

To: 92nina
The real story is the “new normal”.
In the past, 5% unemployment would be considered a tragic failure of incredible ineptitude.
The “NEW NORMAL” of 8% was sold to us a soon as the Idiot was sworn in.
The “NEW NORMAL” is the adjustment made by AFFIRMATIVE ACTION METRICS.
Just as entry criteria, or employment requirements are routinely adjusted by affirmative action metrics, meaning people of certain races are allowed lower scores or less experience, the bar has been set lower for this fool simply because of race, and for no other reason.
2 posted on 10/08/2012 9:35:45 AM PDT by RavenLooneyToon (Tail gunner Joe was right.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 92nina
“good” news for Obama is being celebrated on the backs of the 8.7 million people who are not only unemployed, but have given up looking

The question here is: How many of these unemployed smell the "Bullsh!t" in these numbers and have the intuitiveness to know that they are not in the preferential group who "IS" getting work and asking themselves: "Why?"

3 posted on 10/08/2012 9:36:01 AM PDT by thingumbob (I'm a bitter clinger...I dare you to take my gun)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RavenLooneyToon


4 posted on 10/08/2012 7:36:03 PM PDT by Luigi Vasellini (End the political class.......TERM LIMITS NOW!!!!!!!!!!)
[ Post Reply | Private Reply | To 2 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794 is powered by software copyright 2000-2008 John Robinson