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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (553467)3/8/2010 12:58:17 AM
From: tejek  Read Replies (3) of 1571808
 
Obama and Reagan both dealt with severe recessions primarily do to factors beyond their control at the beginning of their terms, Clinton's presidency was timed beautifully to make his stats better, with a recession ending just before he came in to office, and one starting, or at least getting solidly underway, after he left office.

Tim, you know, you just gloss over the facts....twist and turn and manipulate them....so you don't have to face reality.

FACT: The longest economic expansion since WW II occurred under Clinton.

FACT: Millions of good paying jobs were created under Clinton.

FACT: The US sustained the lowest unemployment rate since the 1950s.

FACT: The welfare rolls were reduced to the lowest levels in American history.

FACT:The poverty level was at its lowest level in US history.

FACT: Clinton created balanced budgets that near the end of his second term created surpluses.

Reagan perhaps had more ability to avoid or lessen the recession than Obama (depending on how much his switching from supporting, to undermining Greenspan's high interest rates would have delayed the recession), but its a good thing he didn't, as those interest rate increases where vital to controlling inflation. If Reagan could have and did effectively broken the Fed (which he didn't, didn't try to, and maybe could not have no matter how much skill or effort he put in to the attempt.), than we might have been setting ourselves up for hyperinflation.

FACT: The economic expansions under Reagan and GW Bush stunk up the joint in terms of job growth and quality of jobs produced. The primary beneficiaries of those expansions were the rich.
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