Skip to comments.Why does Romney allow Obama to say he took over the worst Economy since the Great Depression?
Posted on 10/11/2012 5:31:00 AM PDT by STJPII
Just heard Biden's debate coach, former Sen. Kaufman, tell MSNBC that BHO took over the worst economy Since the Great Depression?
Well, I'm 50 and I remember Reagan taking over gas lines, 20% interest rates and 10% unemployment. It bugs me that we don't counter that argument.
It bugs the heck out of me too. Interest rates, inflation, gas lines, unemployment . . . MUCH WORSE than what Obama “inherited” from Pelosi and Reid.
GOP should have countered this LOUD & LONG.
And yes, Reagan turned it around contrary to what Bill Clinton said nobody could have turned this one around which wasn’t nearly as bad.
Must be a Democrat thing, Clinton used the same excuse when he took office.
People my age or older have to remember that. Yet, I’ve never seen anyone shoot down this lie.
We have shot it down here form time to time but obviously not enough.
I’m right with you on that. It was worse then...not that it is great now! Both times due to freakin’ Keynesian liberal idiots.
Saying you inherited Bush’s mess is one thing. But saying you inherited a mess of biblical proportion is quite another. Seems to me we could have an effective argument to shoot this down because (1.) it’s false, numbers much worse for Reagan and (2.) BHO is asking people to believe something they isn’t true because,like me, they lived through it.
It's the same Mantra Clinton used, "It's the Economy Stupid".
Only I, like you, remember double digit inflation, double digit mortgage rates and double digit unemployment in 1980, the reign of Jimmy Carter.
Reagan corrected that!
Think of trying to respond to the exhaust nozzle of a jet engine.
The good thing is that Romney has a wealth of material left to use in the debates. He's like a kid picking up candy after a pinata is smashed every time Obama/Biden open their mouths.
TARP was terrible policy. If we’re having to defend TARP to get Romney in, then we’ve already lost.
"That was our line in 1992!" Carville reminded us.
The answer is simple. The GOP doesn’t want to, and shouldn’t, get into a detailed discussion trying to convince people that the Bush economy didn’t suck as bad as Obama says it did. That’s a losing argument. The facts don’t matter. Bush is a poison pill in politics. Nothing but time can change that.
This web site is known for its accuracy, we do not lower ourselves to our opponents level of sloppiness.
The unemployment rate when Reagan took office was 7.2%, not 10%. The rate rose while Reagan allowed Volcker to continue his policy of wringing inflation out of the economy. Reagan sacrificed the first two years of his term to do what was right for the long run of the country. And he paid a price in the ‘82 congressional races.
Thank G*d for his two terms but let’s be accurate. The Reagan legacy lives on because he did the right thing, not the expedient thing. Something this loser in the White House never understood, and never will.
I remember those days also. Bought my first house at a 17% interest rate. Gas stations were all closed or had long lines. Getting a job was nearly impossible then if you didn’t already have one.
I remember that was when my father got laid off from a defense contractor after 20 years (Martin Marietta). He didn’t collect unemployment or get food-stamps and welfare. He worked at a still-open gas station cleaning toilets.
Oh, btw, I’m getting laid off from a defense contractor for the 3rd time in a year next Thursday (L-3 Communications). That is after being employed for 33 years at Northcrap Grumman up until last October. But I’ll take being wacked again if it means Obama gets his pink slip too. Gas station here i come!
Now that's a great visual!! LOL
I agree it is too late too little. They should have never even allowed this narrative to start with is my issue.
Because, politically, it’s not a good idea for a guy with $200+ million to utter to the electorate the equivalent of “it’s not that bad” if he needs their votes.
Politically it’s a bit wiser to suggest this is a time to think critically and abandon the guy who’s been unable for four years to fix things.
Just my take
the big lies about Bush’s record continue to go unchallenged as Mitt “apologizes” for citing heroes and any other stupid rope-a-dope crises David the Red-Axelrod orchestrates to keep him on the defensive
I remember qualifying for a 14% VA interest rate Jimmy Carter mortgage and feeling grateful I got one at all because conventional mortgages were 17%
Of course, in those days, we actually had some Democrats who cared more about their country than their owners-- people like Phil Gramm and Scoop Jackson.