President Obama's first year more economically successfull than Reagans!
- Thread starter Jarod
- Start date
Mott the Hoople
Sweet Jane
Jesus F'n Christ! Reagan inherited a disaster too. Oh granted Carter wasn't anywhere's close to being as incompetent as Bush but that aint saying a hell of a lot.
Reagan inherited the tail end of the Nixonian period of Stagflation with double digit unemployment and inflation. He may not have inherited an economic collapse like Obama did but in terms of unemployment and inflation the situation Reagan inherited was even worse then the one Obama inherited, so you're not exactly saying a hell of a lot here Jarod.
Mott the Hoople
Sweet Jane
He's been right one hell of a lot more then you have. But like Jarod's post. That may not be saying much.
You funny!
Mott the Hoople
Sweet Jane
I tend to agree with you but he didn't walk into the crisis that Obama did. Had that crisis been ignored, until the whole shit ball collapsed, then things right now could be a lot worse.
But if you compare the two time periods, 1981 and 2009, on just two economic factors, inflation and unemployment, both were worse in 1981.
Are you kidding?
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someone explain to me how obama inherited anything as he was a US senator for four years....
i can understand if he wasn't in politics or was a state senator, but he was a US senator, how can it be said he inherited anything regarding the economy?
i can understand if he wasn't in politics or was a state senator, but he was a US senator, how can it be said he inherited anything regarding the economy?
He was one of 100 (and in the minority for most of that time), as president he is one of 1.
The president has much more power and responsability than any individual senator. Gawd, I feel like I am teaching 8th grade civics on this board sometimes!
Topspin
Verified User
not at all, this last one was very contained to housing and used car saleman posing as bankers.
Carter gave us double digit inflation and unemployment.
What was inflation last year?
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really, so bush had more control of the economy than obama, a US senator? obama had no role at all in the economy? you obviously need to retake your civics courses....
Mott the Hoople
Sweet Jane
Were you around in 1981? I was. It was worse then. Unemployment is high but inflation is nothing like what it was in 1981.
Mott the Hoople
Sweet Jane
That was Nixon. Not Carter. The period of double digit unemployment and double digit inflation began at the beginning of Nixon's second term which carried over into Carters term. Carter backed some real unpopular decisions which ultimately brought the "stagflation" under control vis-a-vis Paul Volkler and he paid a dear political price for doing so. So be fair and be honest and put the blame for that period where it belongs. With Nixon.
Topspin
Verified User
I haven't seen anyone anywhere give Carter positive props on the economy ever. Even a lot of dems rip him a new one.
the are you better off now than 4 yrs ago started with Carter if I'm not mistaken
the whole stagflation malayse is his. Nixon toolage was earned with his whole spying issue.
the are you better off now than 4 yrs ago started with Carter if I'm not mistaken
the whole stagflation malayse is his. Nixon toolage was earned with his whole spying issue.
Minister of Truth
Practically Perfect
Well, Nixon did dabble in price controls and such, which is always bad for the economy, so I will give Mott that...