Wednesday, October 15, 2014
Reagan v. Obama
Although many Republicans in this time and place credit Ronnie Reagan with creating the sun and the moon and putting the stars in place, he actually wasn't a very good president and would likely be run out of town by the dimwits who have co-opted the Republican Party.
For one thing, good ol' Ronnie did not single-handedly cause the demise of the Soviet Union. The Soviets did not run off screaming into the woods when Ronnie stuck out his chest and talked tough.
For another, good ol' Ronnie raised taxes as well as the national debt and the U.S. government increased dramatically in size during his time in office.
Republicans hiding out in lawyer's offices these days don't like to think about Ronnie in those terms for such thoughts are detrimental to their belief that Ronnie was a god-incarnate, born of a virgin while surrounded by shepherds listening to the angels sing, "Joy To The World"!
Forbes magazine is not Rolling Stone. Forbes magazine rests proudly on its conservative laurels, such as they may be. But it was in Forbes magazine that we read, in amazement, this headline:
"Obama Outperforms Reagan On Jobs, Growth And Investing."
Here are some excerpts from an article by Adam Hartung, so titled and published back on September 5:
1) Although the latest jobs report from the Bureau of Labor Statistics was less than thrilling (August brought only 142,000), the fact remains that every month for the past six months, over 200,000 jobs have been created.
2) Furthermore, "unemployment did continue to decline and is now reported at only 6,1%. Jobless claims were just over 300,000; lowest since 2007. Despite the lower than expected August jobs number, America will create about 2.5 million new jobs in 2014."
3) "This is the best private sector jobs creation performance in American history." In fact, says, Bob Deitrick, while Ronald Reagan has (among some Republicans) been considered "the best modern economic president," Obama has consistently outperformed him in terms of job creation and reducing the rate of unemployment.
Obama's success came about in spite of the fact that "... Reagan had the benefit of a growing Boomer class to ignite economic growth, while Obama has been forced to deal with a retiring workforce developing special needs. During the eight years preceding Obama there was a net reduction in jobs in America. We now are rapidly moving toward higher, sustainable jobs growth."
4) Other indicators: "63 straight months of economic expansion [...] and 25 consecutive months of manufacturing expansion." "The stock market has converted the long-term grown in jobs and GDP into additional gains for investors. Under Reagan, a dollar invested earned a 190% return. Under Obama, that same dollar earned 220%. "This level of investor growth is unprecedented by any administration, and has proven quite beneficial for everyone."
And finally from Mr. Hartung:
"Economically, President Obama's administration has outperformed President Reagan's in all commonly watched categories. Simultaneously, the current administration has reduced the deficit, which skyrocketed under Reagan. Additionally, Obama has reduced federal employment, which grew under Reagan (especially when including military personnel,) and truly delivered a 'smaller government'. Additionally, the current administration has kept inflation low, even during extreme international upheaval, failure of foreign economies (Greece) and a dramatic slowdown in the European economy."
Yet, today, from FAUX News and its ilk, even from the MSM we hear nothing of this. We do hear, over and over again, however, that Obama has failed as a president and his policies are running the country into the ground and that the United States may never, ever recover from Obama's shenanigans. Some ignorant and spineless Democrats currently running for office are afraid to mention the man much less be seen in public with him.
Truth once again has been trounced by ideology.
And I didn't even mention Reagan's stupid comment about the Taliban as noted in the picture above!
Posted by Lowell at 8:14 AM