The Great Recession of 1981-1982 was far more devastating than of 2008-2009 in many respects HOWEVER it took "leadership" to get these results....
Just a few greatest hits....
Won the Cold War with Russia Massive S&L Bank Failures fixed Forced the Collapse of the Berlin Wall Created 19 million jobs from 1981-1988 Dropped UNEMPLOYMENT from 10.8% to 5.3% 21.5% MORTGAGE INTERST RATES cut in half to 10.5% Federal SPENDING dropped from 4% during carter to 2.5% Dropped top marginal TAX RATES from 70% to 28% Dropped DEFICITS from 6% of GDP in 1983 to 3.2% in 1987 Dropped INFLATION from 13.5% in 1980 to 4.1% in 1988 Converted Military' Arapanet into the Internet in 1981
"...It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now..." -- John F. Kennedy http://www.youtube.com/watch?v=aEdXrf... -----------------------------------------------------------------
Lower Taxes & Less Government Interference puts people to work as George W Bush ...proved... by adding over 10,826,000 people to the Work Force.
George W Bush Administration - Two Terms ------------------------------------------ 2001 143,800,000 2004 148,059,000 -- 4,259,000 increase in Labor Force 2008 154,626,000 -- 6,567,000 increase in Labor Force
Barrack Hussein Obama Administration - One Term ------------------------------------------------------- 2009 154,236,000 2012 155,641,000 -- 1,405,000 increase in Labor Force
Economists answer: Should we really be better off already?
The Great Recession of 1981-1982 was far more devastating than of 2008-2009 in many respects HOWEVER it took "leadership" to get these results....
Just a few greatest hits....
Won the Cold War with Russia
Massive S&L Bank Failures fixed
Forced the Collapse of the Berlin Wall
Created 19 million jobs from 1981-1988
Dropped UNEMPLOYMENT from 10.8% to 5.3%
21.5% MORTGAGE INTERST RATES cut in half to 10.5%
Federal SPENDING dropped from 4% during carter to 2.5%
Dropped top marginal TAX RATES from 70% to 28%
Dropped DEFICITS from 6% of GDP in 1983 to 3.2% in 1987
Dropped INFLATION from 13.5% in 1980 to 4.1% in 1988
Converted Military' Arapanet into the Internet in 1981
Ronald Reagan's Farwell Address ...19 million job recovery!
http://www.youtube.com/watch?v=UKVsq2...
November 4, 2012 at 12:06 p.m. permalink suggest removal
Economists answer: Should we really be better off already?
"...Shovel-ready was not as ..uh ..shovel-ready as we expected..."
-- Hussein Obama Junior
-----------------------------------------13 MILLION STILL UNEMPLOYED
2009-2012 GDP Growth: -3.1%, +2.4%, +1.8%, +1.2%
2009-2012 Unemployment: +9.8%, +9.8%, +9.1%, +7.9%
"...I will be held accountable...if i don't have this done in 3 years then there is going to be a 1 term proposition...."
-- Hussein Obama Jr
http://www.youtube.com/watch?v=CCN5-o...
November 4, 2012 at 11:39 a.m. permalink suggest removal
Economists answer: Should we really be better off already?
"...It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now..."
-- John F. Kennedy
http://www.youtube.com/watch?v=aEdXrf...
-----------------------------------------------------------------
Lower Taxes & Less Government Interference puts people to work as George W Bush ...proved... by adding over 10,826,000 people to the Work Force.
George W Bush Administration - Two Terms
------------------------------------------
2001 143,800,000
2004 148,059,000 -- 4,259,000 increase in Labor Force
2008 154,626,000 -- 6,567,000 increase in Labor Force
Unemployment 1st Term: +4.7%, +5.8%, +6.0%, +5.5%
Unemployment 2nd Term: +5.1%, +4.6%, +4.6%, +5.8%
Barrack Hussein Obama Administration - One Term
-------------------------------------------------------
2009 154,236,000
2012 155,641,000 -- 1,405,000 increase in Labor Force
Unemployment 1st Term: +9.8%, +9.8%, +9.1%, +8.1%
sources:
http://data.bls.gov/timeseries/LNS110...
http://data.bls.gov/cgi-bin/surveymost
November 4, 2012 at 11:33 a.m. permalink suggest removal