You are comparing apples to oranges. Any reasonable person will tell you that the magnitude of this recession is far more severe than anything we've seen since the Great Depression. It's not like these little recessions that last 6 months and then we're fully back on track. You're explanation appears solid but it is a simplified and unintelligent assessment of something that you obviously have no grasp of. Please tell me how the recovery would be different if John McCain had been President the past 3 1/2 years. Please tell me which specific policies he would have implemented that would have made such a remarkable difference in the pace of our recovery. I am interested to hear this....
Tell me this: how is it that we got into this mess after we had four consecutive years of budget surplus and an unemployment rate of 4.3% when Clinton turned over the White House to GWB? How is it that we went from that to 9% unemployment, a trillion dollar budget deficit, a national deficit that had increased by 50% in 8 years, two unfunded wars, unfunded tax cuts, medicare part D an economy shedding 750,000 jobs per month when GWB handed the reins to Obama? How is it that after all the "young guns" voted for these unfunded wars and tax cuts and medicare part D that now they act like they are fiscal purists? You can take your figures and put them where the sun don't shine. Obama got handed a bag of shit and now the Republicans want to act like they were the ones who turned over a budget surplus and 4% unemployment. Give me a freaking break man.....how stupid do you think we are? Did you think no one would remember how badly you guys fucked things up? Please stop insulting our intelligence with this drivel.
As noted already historically, the deeper the recession, the stronger the recovery. The recession that Reagan inherited was in some ways more severe than this one. Unemployment peaked at 10.8% during the early 80's recession compared to only 10% for this recession. Less regulation. A better business climate for entrepreneur's. Why do you believe the rate of business startups continues to fall in this "recovery"? http://news.investors.com/article/6...how-dearth-in-startups-under-obama.htm?p=full
There's plenty of blame to go around. Reagan got handed a bag of shit as well but he fixed it and didn't make excuses.
tigernc , if your so gung ho on your annointed ones policies. go ahead and provide health insurance for all of your employees. make sure you pay anybody that comes looking for a job at least $10 an hr. plus the insurance. and instruct your accontant that you will no longer be claiming deductions of any kind on your taxes. I'm sure red doesn't claim any deductions. Ya'll want other people paying more it'd be nice if ya'll led by example. Oh, and don't forget to send a big fat check to your favorite candidate.
DREAM ACT? really? looks like king obarry just added another million plus votes by circumventing Congress. Dream hell, gonna be a Nightmare for the already overworked people trying to process the applications and law enforcement. Does this also mean that the Americans that are out of work ,or under-employed, are now going to have to compete against 100's of thousands of illegals or aliens or undocumented workers or whatever they call them these days, for the few jobs out there? well at least there's not a chance in hell that a terrorist could slip by the people reviewing the applications.
Conveniently cherrypicking a time frame that doesn't include the Great Depression of 1929, which is the only recession in history that compares with the Great Recession of 2008. Guess what? It took 14 years to recover from that one.
Only if you cherry pick your recessions. Reagan did not inherit a recession. Carter's 6-month recession in 1979 ended in July 1980 before reagan took office in January of 1981. Reagan's 16-month recession began the following summer and was the one that created the 10.8% unemployment of which you speak. Reagan inherited high-inflation, but he did not inherit a recession. Recessions are not calculated by unemployment, it is calculated by GDP. Unemployment was trailing indicator under Reagan and it is a trailing indicator under Obama. The 2008 depression lasted one year under Bush and lasted 6 months under Obama. We have been out of recession since June of 2009. That fact is indisputable. You can try to make a subjective suggestion that it is a slower economic recovery that it should be, but that does not change the fact that it is a recovery.
Again, you are comparing apples to oranges. First, the recession that Reagan inherited was in 1980, 32 years ago, and our economy was markedly different then. Reagan only had to worry about the ills facing our nation, not those spread across the entire globe. Our economy wasn't globalized in 1980 and was far less dependent upon other countries. Furthermore, the lone piece of foreign influence, the Iranian Hostage situation, was rectified before Reagan ever took office. To boot, Reagan actually had a congress and senate who were willing to compromise for the good of the country. We are currently in a global recession that is teetering on becoming a depression and has very little to do with what we are doing here in the US. We could be threading the needle right now as far as economic policy goes and we would still be struggling because of the turmoil in Europe. Like it or not our economy is tied to every other economy around the globe and until the ship is righted in the Euro zone we will probably remain in a tepid recovery, at best. Plus, Obama has a congress that would shake their heads no if he sent them a bill that would outlaw abortion. Less regulation? This is really your answer? don't you think that if solving our economic woes were this simple that someone would have already thought of that? Your answer is shallow at best. I am an entrepreneur and I can tell you that the government hasn't done a damn thing to stop me from making investments or hiring more employees. That is a lie being propogated by the GOP and it's ridiculous to say the least.
I have no dependents, no mortgage, and no large medical expenses so I take the minimum deduction because it works out better for me. And I do my own taxes. You operate on a lot of false assumptions.
