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Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,792,165 times
Reputation: 3587
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Barrack Obama should heed this advice and use Ronald Wilson Reagan to help him out. Tomorrow a new unemployment number will come out. Today the rate is 5.7%. I think it will go up tomorrow. In fact I would not be at all surprised to see it hit 6% in the October report which comes out a month from tomorrow. And we have 2 more sets of inflation numbers that will come out before Election Day which, combined, will show us we are in a period of "stagflation". I know that is a new word to you who are under 35 but for those of us who have less than fond memories of the Nixon-Ford-Carter economy, we know what it means.
Reagan was very sucessful at using these numbers to constantly beat Jimmy Carter and the Democrats over the head with a thing called "The Misery Index" where he took inflation and added it to unemployment and came up with the misery index. He would constantly talk about "the misery index" and then follow it up with "are you better off today than you were 4 years ago?"
Obama should dig all that old video of Reagan out and use it in TV ads against the Republicans. That is what I would do!
You do know that 6% is considered full employment don't you? (The number is 6.1% as released by the nytimes.)
You do know that our economy grew by 3.3% last quarter, .09% the quarter before and 4.3% the one prior. Your post shows your lack of understanding. The mortgage crisis caused by Clinton has led the way to this short lived issue. The energy crisis that has been allowed to continue under the democratic lead congress has done its fair share to hurt the travel industry. Bush and his tax cuts have kept the economy growing. Clinton took office with a 3.9% rate and raised it to 5.2% before leaving. Reagan took over with a rate of 7.8% and left with a rate of 5.5%.
Intrest rates when Reagan took office were 13-17%!
Under Bush 3-7%.
Here are a couple of charts for you to prove how wrong you are.
Bush is better than Clinton in jobs and keeping folks out of poverty!
Maybe Obama should give up at this point as he has no energy plan, he wants to raise taxes on SBO's to above 50% (the US already has the second highest corp. taxes behind only Japan who is lowering theirs as I post) that will send a mass exodus of companies and jobs elsewhere. Obama will destroy this country and American's won't vote for him as evidence in the Rasmussen polls with no bounce from his $120 million hollywood fictional show.
artifice - don't bother explaining macro economics to a Democrat. It takes too many brain cells to process logical, economic based information so it might kill 'em.
artifice - don't bother explaining macro economics to a Democrat. It takes too many brain cells to process logical, economic based information so it might kill 'em.
I just don't understand how people don't get it...I just can't help myself. You are correct and I should listen! The sad thing is I never did well in econ. as my teacher tried to tell me I didn't need anything, I just wanted things...ya like some teenage idiot is gonna buy into that! Of course I now get his point.
You do know that 6% is considered full employment don't you? (The number is 6.1% as released by the nytimes.)
You do know that our economy grew by 3.3% last quarter, .09% the quarter before and 4.3% the one prior. Your post shows your lack of understanding. The mortgage crisis caused by Clinton has led the way to this short lived issue. The energy crisis that has been allowed to continue under the democratic lead congress has done its fair share to hurt the travel industry. Bush and his tax cuts have kept the economy growing. Clinton took office with a 3.9% rate and raised it to 5.2% before leaving. Reagan took over with a rate of 7.8% and left with a rate of 5.5%.
Intrest rates when Reagan took office were 13-17%!
Under Bush 3-7%.
Here are a couple of charts for you to prove how wrong you are.
Bush is better than Clinton in jobs and keeping folks out of poverty!
Maybe Obama should give up at this point as he has no energy plan, he wants to raise taxes on SBO's to above 50% (the US already has the second highest corp. taxes behind only Japan who is lowering theirs as I post) that will send a mass exodus of companies and jobs elsewhere. Obama will destroy this country and American's won't vote for him as evidence in the Rasmussen polls with no bounce from his $120 million hollywood fictional show.
I'm no expert, but according to this site Clinton entered office with a 7.3% unemployment rate. When he left? 3.9%.
The United States Unemployment Rate (http://www.miseryindex.us/urbymonth.asp?StartYear=1992-01&EndYear=2008-07&submit1=Create+Report - broken link)
I also keep looking at your second chart and it actually seems to indicate the percentage of people below the povery line rose and steadied during the current administration. If I'm missing something (I am a little tired), let me know.
I just don't understand how people don't get it...I just can't help myself. You are correct and I should listen! The sad thing is I never did well in econ. as my teacher tried to tell me I didn't need anything, I just wanted things...ya like some teenage idiot is gonna buy into that! Of course I now get his point.
I loved economics - but it's a challenging subject. I commend you for trying... you are WAY ahead of most liberals. I personally don't see how anyone can have an opinion on taxation/unemployment rate/outsourcing/unions... basically any politically ideology without SOME level of basic economic concepts. Yet, on these political forums thick with hippies... such higher level of thinking could hurt their one or two flickering brain cells. Hostility is likely and I thought I'd save you the grief of finding that out.
Barrack Obama should heed this advice and use Ronald Wilson Reagan to help him out. Tomorrow a new unemployment number will come out. Today the rate is 5.7%. I think it will go up tomorrow. In fact I would not be at all surprised to see it hit 6% in the October report which comes out a month from tomorrow. And we have 2 more sets of inflation numbers that will come out before Election Day which, combined, will show us we are in a period of "stagflation". I know that is a new word to you who are under 35 but for those of us who have less than fond memories of the Nixon-Ford-Carter economy, we know what it means.
Reagan was very sucessful at using these numbers to constantly beat Jimmy Carter and the Democrats over the head with a thing called "The Misery Index" where he took inflation and added it to unemployment and came up with the misery index. He would constantly talk about "the misery index" and then follow it up with "are you better off today than you were 4 years ago?"
Obama should dig all that old video of Reagan out and use it in TV ads against the Republicans. That is what I would do!
thank you kev k for bringing that up. I remember when Reagan looked right into the camera and asked us that in one of the debates with mondale. i pretty much hate reagan, but man he sure could communicate.
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I personally don't see how anyone can have an opinion on taxation/unemployment rate/outsourcing/unions... basically any politically ideology without SOME level of basic economic concepts. Yet, on these political forums thick with hippies... such higher level of thinking could hurt their one or two flickering brain cells. Hostility is likely and I thought I'd save you the grief of finding that out.
