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Reaganomics Vs. Obamanomics: Facts And Figures

Saturday, May 7, 2011

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ronald_reagan

When President Reagan entered office in 1981, he faced actually much worse economic problems than President Obama faced in 2009.  Three worsening recessions starting in 1969 were about to culminate in the worst of all in 1981-1982, with unemployment soaring into double digits at a peak of 10.8%.  At the same time America suffered roaring double-digit inflation, with the CPI registering at 11.3% in 1979 and 13.5% in 1980 (25% in two years).  The Washington establishment at the time argued that this inflation was now endemic to the American economy, and could not be stopped, at least not without a calamitous economic collapse.

President Reagan campaigned on an explicitly articulated, four-point economic program to reverse this slow motion collapse of the American economy:

1.  Cut tax rates to restore incentives for economic growth, which was implemented first with a reduction in the top income tax rate of 70% down to 50%, and then a 25% across-the-board reduction in income tax rates for everyone.  The 1986 tax reform then reduced tax rates further, leaving just two rates, 28% and 15%.

2.  Spending reductions, including a $31 billion cut in spending in 1981, close to 5% of the federal budget then, or the equivalent of about $175 billion in spending cuts for the year today.  In constant dollars, nondefense discretionary spending declined by 14.4% from 1981 to 1982, and by 16.8% from 1981 to 1983.  Moreover, in constant dollars, this nondefense discretionary spending never returned to its 1981 level for the rest of Reagan’s two terms!  Even with the Reagan defense buildup, which won the Cold War without firing a shot, total federal spending declined from a high of 23.5% of GDP in 1983 to 21.3% in 1988 and 21.2% in 1989.  That’s a real reduction in the size of government relative to the economy of 10%.

3.  Anti-inflation monetary policy restraining money supply growth compared to demand, to maintain a stronger, more stable dollar value.

4.  Deregulation, which saved consumers an estimated $100 billion per year in lower prices.  Reagan’s first executive order, in fact, eliminated price controls on oil and natural gas.  Production soared, and aided by a strong dollar the price of oil declined by more than 50%.

These economic policies amounted to the most successful economic experiment in world history.  The Reagan recovery started in official records in November 1982, and lasted 92 months without a recession until July 1990, when the tax increases of the 1990 budget deal killed it.  This set a new record for the longest peacetime expansion ever, the previous high in peacetime being 58 months.

What is so striking about Obamanomics is how it so doggedly pursues the opposite of every one of these planks of Reaganomics.  Instead of reducing tax rates, President Obama is committed to raising the top tax rates of virtually every major federal tax.  As already enacted into current law, in 2013 the top two income tax rates will rise by nearly 20%, counting as well Obama’s proposed deduction phase-outs.

As a result, while the Reagan recovery averaged 7.1% economic growth over the first seven quarters, the Obama recovery has produced less than half that at 2.8%, with the last quarter at a dismal 1.8%.  After seven quarters of the Reagan recovery, unemployment had fallen 3.3 percentage points from its peak to 7.5%, with only 18% unemployed long-term for 27 weeks or more.  After seven quarters of the Obama recovery, unemployment has fallen only 1.3 percentage points from its peak, with a postwar record 45% long-term unemployed.

Post Continues on blogs.forbes.com

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  • Cameron Sr

    There are none so blind as those who refuse to see, and none so stupid as those who refuse to learn. Mr. Obama has thoroughly proved the truth in those two sayings, and it mystifies me why anyone would support him or any Liberal/Democrat politician.

    • Adelia

      Very well stated and so very true.

    • L Hayes

      The problem is that there are those who prefer to have Liberals/Democrats because they will take other peoples money and make it easy not to have work for what they want! As it has been said: There are 100 people in the life raft, and only a few are rowing to get away from the money sucking whirlpool!

    • Clem

      Right on!!!

    • Am2sweet

      It pretty well tells you that Obama must be out to ruin our country since there are only two reasons as to why he can’t manage all this as well as Reagan did. 1. He wants to ruin the country. 2. He’s too stupid to be in the office he’s in. I would say the first reason. Yes he’s also stupid but he does want the country ruined. After all his wife would agree since she is the one that once Obama won the election she said it was the first time she was ‘proud of this country’. My question is if she wasn’t proud of the country or loving it then why is she living here? Go home to Kenya or where ever you came from. We don’t need either of you.

    • OneCitizenOfTheRepublic

      Obama is neither blind, nor deaf. He simply marches to the sound of a socialist drummer. He see a future that is aborant to many traditional American values. He is principled, with the priciples of a man seeking massive federal government control and expense. His values are strongly held to, only they are not the values of most Americans. His faith is in the powers of government. In most Americans faith is in God and in the individual’s ability to achieve great things without an all powerful government holding their hands.

    • Dan Bujor

      his scientific advisor is John Holdren,who wrote books about how to de-develop America and to reduce population. This is SCIENCE to to O’Satan.

    • steve

      Satanic influence

    • D W Boyer

      I’m convinced liberals are born with a brain
      defect or never become “complete” persons.
      Dr. Rossiter who wrote “The Liberal Mind” also says liberals are “incomplete”.

    • WASP

      Everybody says Obumbler is so damn smart. I think he dumber than a rock. What appears to be indecision is just that he’s waiting for his instructions from his handlers.

    • kid777

      Hey… he’s the smartest person in the whole wide room…. until someone walks in!

  • http://Patriotupdate.com Bob

    Obama isn’t interested in getting the economy moving again. He wants total control. He is, and always will be, a Marxist-Leninist at heart. Unfortunately, the sheep who elected him continue to act as foolishly now as they did then, with their own wool over their eyes. Until we vote him, his czars, and his cronies out of office, things will continue to worsen.

    • JobsForAmericans

      this is true…during college he started hanging out and attending communist meetings. As a young man he visited Kenya met his father’s tribal people for the first time. He noted in his book Dreams From My Father, that in Kenya land was not owned by individuals, it was available to anyone just by building a hut on it. The villages were organized by communal living, whatever was grown and earned was given to the village leaders and the goods were dispersed as needed to the people. That is exactly a perfect description of what Communism is. This resonated in Obama. All thru his book Dreams, he spoke of blaming whites, here in the USA for the woes of black…later he extended that to include white British who ruined Kenya per Obama. Reading Dreams was an eye opener for me. In his view whites are the bad guys and people of color are the down trodden..and he seeks and has always sought to even things up. This is why as President he has spent more time working to help other countries…India, Pakistan, S Korea, China, Mexico, Brazil, Afghanistan, Iraq for starters. Please note that all those countries have one thing in common. They are all “people of color”, every color except White.

      Reward your friends and punish your enemies is what he said to a hispanic radio host.
      What he gives to whites in his heath care plan is a Whites Only Tax..and it’s called the Suntan Tax, a tax he imposed on tanning salons which are used by Whites.

      He is the biggest bigot and hypocrite. In Dreams he said he sought out blacks, hispanics, and jews because he felt “more comfortable”.

      I find his story all completely strange he was after all raised by a white grandmother and a white mother. His thoughts as a young boy i also found strange, he lived a better life a more privileged ( not necessarily wealthy ) so I found his bitterness oddly misplaced. His grandfather, his father and his step father were all muslims. After reading Dreams I am convinced that as of the publishing of Dreams, Obama was not a Christian. There is no evidence of it in the book..he doesn’t mention his conversion altho he did mention meeting Reve. Wright who married him and also mentioned the first sermon given by Wright title The Audacity of Hope..which we all know that is the title of Obama’s 2nd book. I’m reading that one now.

    • Stan

      I understand that you do not have to be a Christian to attend Wright’s church.

      I have never heard Obama say he was “Converted”; he says he “became a Christian”, two completely differently things. He is not a Christian. No Christian would ever say that the most beautiful sound in the world is the Islamic evening prayers…. Barack Obama did in an interview during the 2008 Campaign.

      It is in the Quran / Koran that it is ok for a Muslim to lie and say he is a Christian to further the spread of Islam; I don’t believe they can say they were “Converted” though. After all, they believe that you have to convert to Islam or be a slave or killed. Just sayin’

    • Steven F

      Not to defend ‘Reverend Wright’, but you don’t have to be a Christian to attend MOST Christian churches. How can you win others to Christ if you won’t let them here the message?

    • Yifinguy

      Actually it is not in the Koran but in the Hadith, their 2nd book. A Muslim can lie with impunity on three occasions – anytime to his wife – to another Muslim to save his life – and to infidels (that’s us). Since he was born Muslim and educated Muslim in Indonesia, and honors that religion/world-view over Christianity, we can say that he is Muslim. If he was otherwise they would put out a order to kill him since he “converted” from the religion he was born into. Libya needs a new Muslim president – give them ours and make two countries better – even Joe Bidon isn’t as dangerous as Osama/Obama.

    • http://amcraftcustmmetal.com Tony Himes

      I think everything you said is true. It’s sad to see these figures rise in power with their beliefs that Marxism just hasn’t been done right. That they can make it work. They turn a blind eye only to the proven fact that it’s inherent flaw is that it removes any incentive to do more, be better tomorrow, drive to improve, etc.. The very opposite of what made America great. To counter the lack of results, the Marxist system turns to “raising quotas” and punishing those that don’t meet them. In a sense, a return to slavery at a state level. A nation of “Share Croppers” at best.

    • D W Boyer

      I have heard and read that Obama did NOT write “Dreams of My Father” and his buddy Bll Ayers does not deny writing it.

  • Don Maggard

    I am one prowd American that had Mr. Ronald Reagan as a boyhood hero, Governor & President. He is still my Hero. He is the last President with the peoples interest as his FIRST priority. A TRUE AMERICAN HERO. I met Him in His office in Sacramento Calif. in 1971.Truely a MAN to look up to. Don

    • Ric from Virginia

      Don:

      Bravo!!Well said!!

      I echo your sentiments……

      I had the pleasure of meeting President Reagan also, as a kid who wasn’t yet old enough to vote. Nevertheless, he took the time to sit down with us, and he answered all of our questions.

      What a giant he was among men. I remember being impressed with his “size”. Physically, he was a large man. But, the memories I have of him, is the size of his heart and his stature as a human being.

      They don’t make them like that anymore, do they?

      How sad……….

    • http://here kerbdale

      Don, I’m more than jealous. My father was a union carpenter and I was a union steward in my younger years. My wife and I are Reagan Democrats and have never turned back. We cried when the hockey team won and never stopped loving that the man made us proud to be Americans again. Now we carry Atlas Shrugged’s author Ayn rands essays where she speaks of Ronald Reagan winning the governorship with his speech that mirrored what he did when he went to Washington. We need him so bad today, can’t he reach down and touch one of these dopes we have and make them feel America again????

  • Steven Coy

    I fear that we don’t have another Ronald Reagan in the RepubliRAT Party, even the newly elected RepubliRATS are already selling us out. I fear that only a Bloody Revolution will return our Country back to the People. I am arming myself and suggest that the rest of true Americans do the same. God bless Ronald Reagan and America and damn the Democommies and their Illegal President.

  • G

    Reaganomics, Obamanomics, I Looking For The True Constitutionalnomics Americans, And Not The Communistnomics UnAmericans, It is Time For Americans to Take Back our Country, Obama Is Not Qualified By Constitutional Law To Be President “HE is NOT A Natural Born Citizen as required By The Constitution, That Means Both His Parents Must Be American Citizens. And Not Eligibility That Was Nancy Pelosi’s Generated. Who Should Have Verified Obama’s Eligibility??????? The Justice Department Is Suppose to Enforce Our Laws. Not Write New Laws.

  • Doug Davis

    I was in the kind of business that did well during bad times, so I did very well during the Carter years. However, I did even better as things got much better during the Reagan years. I’m retired now, and I see Obama and his Marxist thugs taking our country to the cleaners, and I believe they’re doing it on purpose. If we’re smart we’ll stop them in 2012

  • http://espionageaction-actionadventure.blogspot.com stephen russell

    Reagen wins, right.

  • ballotbox

    Hay the writing is on the wall and every congress person can see it, Simply put, There are people that represent a party and people that represent people, What we have in Washington is a bunch of Party people.

  • Robert Stevens

    I remember the day President Regan was shot, I was at work and heard the bad news on the radio, my first thought was to pray for him, and I did. I believe prayer is the answer and clean Christian living, these are some of the things that will restore America. Also we need to use our minds and not be led astray by others. Truth is always truth,

  • David

    Reagan and Obama have more similarities than differences. (1.) they are Two of our worst presidents (2.) they are good readers of teleprompters but couldn’t think outside of the box (3.)they were hugh deficit spenders (Reagan tripled the national debt) (4.) Reagan changed the nation from a trade surplus nation into a trade deficit nation. Obama greatly expanded the debt. Both men have cost us tens of million Middle Class “factory” jobs and several trillion dollars in debt (5.) both men were lawless 9Reagan was almost impeached) (6.) both men had disastrous foreign policies (7.) Reagan’s amnesty brought 30,000,000 illegal aliens into our country and Obama isn’t deporting them nor enforcing the immigration laws.(8.) both men worked against the best interests of the working man. etc

    • Nope it’s real

      Good summary. People forget that Republicans always favor business interests over the working man.

      Because of the recession in 1981 Reagan was a very unpopular president and (approval rating of 35%) and got creamed in the midterm elections. Fortunately for him his deficit spending and decreasing interest rates led to an economic recovery in 1984 thus winning him re-election.

    • Allan

      Wrong. It’s not that businesses are favored, it’s that they need incentive, whereas libs tend to feel businesses do not need incentive and are to be exploited.

    • WASP

      As you can see now, with bussinesses, there are no working people, just unemployed people.

    • WASP

      Sorry. That should read “without businesses”.

    • Ric from Virginia

      Dear David:

      With all due respect, you are a fool.

      It is better sometimes, to keep your mouth shut and simply let people THINK that you’re an idiot, than to open our mouth and remove all doubt!!

      Reagan had a disasterous foreign policy? LOL!! The man singlehandedly CRUSHED the Soviet Union without firing a shot!!

      If you think that’s the definition of disasterous, then you are truly the definition of a fool.

      So much for your revisionist history lesson……. :-)

    • SaneRepublican

      LOL!!!!! Gawd I love how you people mythologize Saint Ronny. By opening your mouth you have clearly revealed yourself to be an idiot.

      “The man singlehandedly CRUSHED the Soviet Union without firing a shot”??? Ronny was just the next in the long line of President’s, dating all they way back to Truman, who chipped away and eroded the USSR. Each President, including Carter, had a hand in bringing down the Soviet Union. I know your brain can’t comprehend the complexities of global politics, but unfortunately your lack of knowledge or true history is too incomplete to even revise plausibly. (Also, didn’t the Soviet Union finally collaped why Bush was in office, not Reagan? I mean, that is what he kept on campaigning on while he was losing to Clinton. LOL!!! You people will rationalize anything to make your intellectually dishonest arguments.)

      Also, Reagan’s contribute to helping to bring down the Soviets involved fiscally irresponsible deficit spending. The United States didn’t beat the Soviets on ideological grounds. It was a race to see who could outspend the other, without going bankrupt first. And they lost, but just barely. We can thank Ronny for the post-Cold War recession that ultimately cost Bush his reelection. And we can thank Ronny for the culture of greed that led to the current economic situation. Ronny exploded the deficit, but you people didn’t seem to care back then. Dubbya explosed the deficit, but you people didn’t seem to care about that either.

      Another foreign policy disaster: Ronny sold weapons to both sides of the Iran-Iraq War. Well, he first sold weapons to Saddam (yes, that Saddam). And then later he sold weapons to Iran (yes, that Iran). Now that’s a classy man. Oh, but wait, it doesn’t stop there. Ronny took the money from his arms sales to Iran and illegally funneled it to “freedom fighters” in Nicaragua…all behind the back of Congress and in violation of the United States Constitution. Oh, but when Saint Ronny actually violates the Constitution, you people are deafeningly silent. But when Obama violates your 7th grade misunderstanding of the Constitution, you want impeachment and then execution by firing squad. Hypocritical much?

      But here’s my fave foreign policy disaster from the Gipper. After helping the Taliban (yes, that Taliban) and training Osama bin Laden (yes, that Osama bin Laden) to defeat the Soviet Union, did he help this war torn ravage country who had nothing after 9 years of occupation? Of course not! Why help build schools and roads and hospitals when you can invade Grenada instead? Reagan’s myopic foreign policy with Afghanistan sowed the seeds that ultimately led to 9/11. These people weren’t born hating us.

      This is not “revisionist history.” This is real history that has been documented in more ways than you people will ever be able to accept. But that’s okay…because even if you can’t accept it, it will still be true.

  • David USAF

    Economics 101; the higher the tax rate the less that is received. When employers are taxed more, they hire fewer people or offer lower pay. When fewer people are working or pay is lower, there is less tax revenue. When taxes on employers are lower, more people are hired and higher raises are offered which means there is more tax revenue created.

    The best way for the government to increase tax revenue is to lower taxes on the wealthy or employers. A poor man has never given me a job.

    Debt reduction however has to be done with reduced spending. Obama tells the American people that they need to live within thier means. Don’t spend more than you make. Yet Obama tries to spend as much as he can, with no restrictions. He wants people to work harder so he can take more vacations.

    • Nope it’s real

      Nice theory but Reagan raised taxes on businesses in 1982, during the recession.

    • SaneRepublican

      He raised taxes three more times after that…..

    • tori

      It’s really easy to spend someone else’s money. Look at congress. If they lived by the same rules they put on us, this would be a very different country.

  • David USAF

    I think what drives me nuts the most is when Obama talks about people paying thier fair share. He doesn’t think the wealthy, most of which have worked very hard for what they have, pay thier fair share in taxes. What about the millions who have never worked a day in thier lives. People on welfare, in many cases generations, don’t pay any taxes. They don’t pay income taxes on thier welfare checks or sales tax on thier groceries, yet our taxes pay for them to live tax free.

    Tell me, who isn’t paying thier fair share. It is time to derail the gravy train. I understand that from time to time people hit a hard spell and need help, I’ve been there myself, but just something to get you by for a short time, then get off.

    • warren reynolds

      time to re-vamp welfare, the only quick way to fix the economy ( along with spending cuts) is to reform welfare, I agree with the statement, ” time to derail the gravy train ” and no illegal immigrants should get even one penny of help. Work, or leave.

    • tori

      Welfare should be taxed too. It’s income to those who receive it. Then they would be contributing to this country too.

    • Patricia L Brake-Ludwig

      No one should pay zero taxes. Welfare people and corporations, such as Ge,etc. should all pay 20% taxes on gross income. 20% sales taxes. Cut budget $3T. Just keep .8T. Pay off $14T debt asap.WORK. CUT. FIRE ALL CZARS. bALANCE LOWEST BUDGET POSSIBLE. NO GOV PENSIONS. ALL ON SOCIAL SECURITY AND MEDICARE.NO SPECIAL HEALTH CARE FOR POLITICIANS.FIRE ALL APPOINTEES AND GET RID OF DUM FED,EPA,COMMERCE,ED,ENERGY-ALL FAILURES,ALL DUPLICATES,ALL WASTE AND FRAUD.NO MORE FAVORTISM.CUT.CUT.CUT.DRILL IN USA BY AMERICANS FOR AMERICANS. SELL EXTRA ONLY.ENERGY DEV. ALL KINDS. PERMITS OR FIRE PENCIL PUSHERS. BRING MILITARY HOME.SLAM SHUT BORDERS,AIRPORTS,SEAPORTS. SAVE AMERICA. NO SOCIALISM.NO COMMUNISM. FREEDOM.LIFE.HAPPINESS. BE A PROUD, CARING AMERICAN.

  • Erik Osbun

    What else is new, other than continuing new evidence that demonstrates that a Marxist does not understand economics?

  • Erik Osbun

    Furthermore, they do not care about economic decline and the livelihood of the electorate.
    What they care about is control and power, as despotic as Stalin’s Communism. If unchecked,
    they will put us in collectives.

  • http://aoj.myefoods.com/freemeals/ scarfacesquirrel

    LTCOL/Congressman Allen West for President. He’s not Reagan but he has Honor,Integrity, Guts and America in his soul. http://www.youtube.com/watch?v=TkGQmCZjJ0k&feature=player_embedded#at=41

  • http://patriotupdate.com Raymond

    Father – Daughter Talk

    A young woman was about to finish her first year of college. Like so
    many others her age, she considered herself to be a very liberal
    Democrat, and among other liberal ideals, was very much in favor of
    higher taxes to support more government programs, in other words,
    redistribution of wealth.

    She was deeply ashamed that her father was a rather staunch Republican,
    a feeling she openly expressed. Based on the lectures that she had
    participated in, and the occasional chat with a professor, she felt that
    her father had for years harbored an evil, selfish desire to keep what
    he thought should be his.

    One day she was challenging her father on his opposition to higher taxes
    on the rich and the need for more government programs. The
    self-professed objectivity proclaimed by her professors had to be the
    truth and she indicated so to her father. He responded by asking how she
    was doing in school. Taken aback, she answered rather haughtily that she
    had a 4.0 GPA, and let him know that it was tough to maintain, insisting that
    she was taking a very difficult course load and was constantly studying,
    which left her no time to go out and party like other people she knew.
    She didn’t even have time for a boyfriend, and didn’t really have many
    college friends because she spent all her time studying.

    Her father listened then asked, ‘How is your friend Audrey doing?’
    She replied, ‘Audrey is barely getting by. All she takes are easy
    classes, she never studies, and she barely has a 2.0 GPA. But she is so
    very popular on campus; college for her is a blast. She’s always invited
    to all the parties, and lots of times she doesn’t even show up for
    classes because she’s too hung over.’

    Her father asked her, ‘Why don’t you go to the Dean’s office and ask him
    to deduct a 1.0 off your GPA and give it to your friend Audrey, who only
    has a 2.0. That way you will both have a 3.0 GPA and certainly that
    would be a fair and equal distribution of GPA.

    The daughter, visibly shocked by her father’s suggestion, angrily fired
    back, ‘That’s a crazy idea. How would that be fair? I’ve worked really
    hard for my grades! I’ve invested a lot of time, and a lot of hard work.
    Audrey has done next to nothing toward her degree. She played while I
    worked my tail off!’

    The father slowly smiled, winked, and said gently, ‘Welcome to the
    Republican Party.’

    • kid777

      Good one! I’ve heard that one a while back, so true! Even a liberal should be able to see the parallel. Well….maybe?

    • SaneRepublican

      LOL!!!! Gawd I love it when you people make an intellectually dishonest argument based on a false premise.

      Is your child’s GPA a commodity by which one can purchase goods and services?

      Does your child’s GPA help pay for the things you seem to want, like roads and the police and the military?

      But you people are great at making up stories that have no bearing in reality. And that’s why I always appreciate the comic relieve you provide.

      LMAO!!!!!

  • Mutantone

    Reagan was out to save the nation Obamaommunist out to destroy it.The difference obvious Reagan never bowed to a foreign dignitary, Obamaommunist bows to every foreign idea. With Reagan we were a top nation with Obamaommunist a third world nation. Reagan was for the America Constitution. Obamaommunist for any communist agenda that has a goal to make America fail.

  • kid777

    Our march toward socialism started back in 1935 when president Franklin D. Roosevelt (democrat) signed into law the Social Security Act. Life expectancy was right around 60 for men (64 for women). This dropped to 56.6 (60.6) in 1937. Our government would take money from us our entire working lives and start giving some of it back when we reached the age of 62.5. Statistically this is a win-win for the government. When the time came for you to collect back some of the money taken from you, you would be dead, or would be soon.
    Life expectancy in the US back in the early 1900’s was around 49.2 years. Life expectancy data for 2007 shows to be at 75.3 for men and 80.4 for women.
    In 1965 president Lyndon B. Johnson (democrat) took the social security money that was in an independent ‘Trust Fund’ (government could not touch it) and put it into the ‘General Fund’ (government can now spend it, and spend it they did!).
    Long story short: This extra ‘taxation’ would have worked just fine if we all were to just die when we are suppose to, but no, we threw them a curve and started living longer.
    Not only that but we started to retire earlier and once you retire you no longer pay into this ‘illegal slush fund’. Yes folks, back in 1935 we put a fox in charge of guarding our hen house, and in 1965 we got a pack of wolves to do the job! Now… well I don’t even want to think about it….. We are the proverbial ‘frog’ in the pot of water sitting over a ragging fire. Is it warm in here?

  • Chris P

    Reagan put this country into bigger debt.

    How stupid and bad at mathematics can you be.

    Dumb as rocks as usual.

    • kid777

      Here’s a little math for you Chris P…..
      Just to give you a little data here. Yes these are called FACTS. I have actually kept track of our debt problem since just before 1969. You can do your own research, I already know ‘the math’.
      Nixon (R, 4 yrs ), % GDP debt dropped 5.3.
      Ford (R, 4 yrs), % GDP debt dropped 0.75.
      Carter (D, 4 yrs), % GDP debt dropped 1.87.
      Reagan (R, 8 yrs), % GDP debt increased 18.4 (so far you are correct)
      G. H. W. Bush (R, 4yrs), % GDP) debt increased 12.1.
      Clinton (D, 8 yrs), % GDP debt dropped 6.54.
      G. W. Bush (R, 8 yrs), % GDP debt increased 12.94
      OK, now hang on to your hat….
      B.H. Obama (D, 4 yrs), % GDP debt increased 35.82 (projected to 2012).
      In a nut shell, the time weighted averages for our national debt in terms of % GDP are +5.34% when a republican president has been in office and +6.85% when a democrat has been president.
      So, just looking at the FACTS, it doesn’t seem to matter all that much what party is sitting in as our commander in chief (although the dems have the losing edge). But more as to the policies that are being enacted.
      So, if ‘Reganomics’ scared you, ‘Obamanomics’ should send you screaming for the hills!!!!
      The Reagan debt is nothing compared to what the Obama debt is. (almost twice as bad as the Reagan debt increase!!!) So, yes… some of us out here have actually graduated from high school and do not have the need for a GED. Looks like this ‘rock’ is kickin’ yer a$$.
      Stick to the facts, check your math and stop taking wooden nickels!!

  • American with a birth certificate…

    I know the truth hurts,illegals and blacks and most everyone on a government program will vote obama even if it means death to our great nation. Its up to the rest of us to vote against obama and force anyone we know who is going to vote obama not to vote at all just like the black panthers do. if someone is going to vote for obama then flatten there tires or do what it takes to stop them,that is legal… If its legal for the black panthers to stop people from voting against obama then its legal for real Americans who love our nation to stop people from voting for obama.

  • Hobe

    Obama and Reagan could not be more different:
    Reagan hated the Communists. Obama is a Marxist. Obama takes orders from George Soros. Reagan would have taken Soros out in tghe best intrest of the US. Reagan put Khadfi in his place with his attack on Khadfi after he was suspected on terroiists acts. Khadfi goes into hiding until Obama took office. Obama apologizes to countries for America while every country respected Reagan. Reagan united America Obama is dividing America.

  • http://Yahoo.com Thomas Martin

    God Ronald Wilson Reagan was a great president and a great leader.

    He cut taxes and the economy grew he knew it would. barack hussein obama cannot pour piss out of a boot without getting it all over his dumb ass.

    When the liberals and welfare cheats voted barack hussein obama into office I knew we we’re screwed.

    • SaneRepublican

      Yes, of course Saint Ronny cut taxes….except for those 4 times he raised taxes!

      Yes, Ronny did grow the economy, but only with massive deficit/stimulus spending by the government on defense programs in the end led to the recession of the early 1990s.

      History is a bitch that will slap you people in the face every time.

  • Chuck Newman

    I do agree with Supply Side Economics, because to reduce the price of something, it you increase the supply, it will naturally lower to meet the demand.

    BUT, with the Defense build-up, which I do agree with, but spending did not decrease. What did they do during the Reagan Administration? Just like Obama by selling our future by increasing the DEBT LOAD.

    Now Congress needs to pass the ceiling for debt because it is money that has been promised to be spent, by THIS CONGRESS.

  • Steve

    Reagan was tops and will be remembered as one of the greatests this country has produced. Obama????????????

    • Roberta

      My dad said “there will never be another Reagan” meaning no one will match his ability to be as good a President. Being a
      positve person I keep looking for a Reagan.
      It will probably come in the shape of a good
      woman.

    • SaneRepublican

      I hope to Gawd there will never be another Reagan. Without Reagan, we would not be in this mess today.

      Reagan had a reckless fiscal policy of deficit spending (he tripled the national debt).

      Reagan had a reckless foreign policy (he sold weapons to both sides of the Iran-Iraq War and he abandoned Afghanistan after helping the Taliban drive out the Soviet Union, thus sowing the seeds 9/11).

      Reagan’s mythology is greater than the reality Reagan left us with.

  • Julian

    What do you say to people who have looked at history and know what works and what dosn’t work, yet still insist on trying what has never worked?

    • SaneRepublican

      You say, “oh, you must be one of those so-called ‘conservative Republicans’ who have done nothing but harmed the country for years and years; please step aside so that the adults can undo the mess you left us.”

    • Terry

      And here we see a perfect example of the ignorance bred by blind partisanship.

      Common sense has proven rare and seldom shows its face
      In the hallowed halls of Congress or the main street meeting place.
      White is white and black is black, no gray is there to share.
      I am right and you are not, no compromise to spare.

    • SaneRepublican

      Since when do you people believe in compromise?

      Since when do you believe in shades of grey?

      You people have always acted with such arrogant certainty leaving no room for contrary points of view. You people would rather denigrate with terms like “RINO” than work together for the common good of this whole complex coountry (and not just what’s good for the fringe minority who have a 3rd grade view of history).

      It would be nice to believe that Terry is better than that….time will tell with his next reply.

    • Terry

      Sane, either you have misunderstood my point, or I yours, or maybe both. First, “you people” is a term filled with bias and distrust, as in racist speak for example, and intimates that all of one group are of like mind. Not so. Further, my point is, efforts for the good of the country as a whole are not well served by the extreme partisan bickering we see today which allows no compromise, no sharing of the grey, to the detriment of us all. Ignorance of the issues and the facts breeds blind partisanship which exists all around us, regardless of Party, and it is these two shortcomings which actually rule this country (in concert with PC). Most politicians, of ANY political persuasion, do not have the wellbeing of this country, and the people in it, at the top of their priority list. And too many of the people who vote are lazy or disinterested and prefer to use party loyalty instead of common sense as the basis to choose those we trust with our very lives. Hence, the position we are in today.

    • SaneRepublican

      Terry, for what it’s worth, I completely agree with everything you’ve stated. We saw for two years what happens when one side choses not to do nothing but whine and complain and refuse to even come to the table to discuss a potential compromise. It worked as a short term political strategy, depressing (pun intended) the voter turnout to 20% in the midterm elections, allowing them historic wins. But in the long term, it did not serve this country.

      However the best thing to come out of the midterms is the realization from the House that in order to get things done for the good of the country, compromise is required. They still resort to their partisan bickering in public, but as long as they are working together in private, I can deal with it.

      Now with regard to my own postings. I agree with your assessment of my use of the term “you people” (and frankly speaking, from what I read that you’ve written, you are not one of “them”). In my real life, I’m much more of a “catches bees with honey rather than vinegar” kinda guy. I work in a world that realizes on the proper interpretation of data, theorizing what happened in the past and using that to best postulate what will happen in the future. And everyone has their own “honest opinion,” we discuss and debate them respectfully, and ultimately we come to a consensus on how to best progress forward for the benefit of the project. My opinion nor recommendation might not be the one that’s accept, but that’s okay because I know that the process allowed me to be heard and my opinions considered, and as such, my colleagues have my full trust and support.

      However, the level of ignorance of history and intellectual dishonesty by most of the people who make these sycophantic comments on this website generates enough disrespect for them that I do painted them with a broad brush. Most of my comments are pointing out the incompleteness in their narrow view of history….with a little east coast snarky style because that’s how we used to talk on the playground (and yes, the implication that the most of the people are are little more than petulant children is intended).

      There was a time not that long ago that a Republican President worked with a Democratic Speaker of the House for the good of the country. The bonded over their Irish heritage and were drinking buddies after hours. Both were larger than life figures. They battled, but they didn’t snipe at each other’s ankles. Wouldn’t it be nice if we could return to that? They don’t need to be drinking buddies…golfing buddies would suffice just as well. But at the very least, respectfully disagree with each other and get done the things you agree on rather than use them as hostages for the things you that are irrelevant.

    • Roberta

      Ouch! You sound angry and youthful. Let’s see how you think in 5 years after the fall
      of O and his policies. I voted for Carter and
      I had a hard admitting I was wrong.

    • SaneRepublican

      Last time I was angry and youthful I voted against Carter and for Reagan.

      I had a hard [time] admitting I was wrong. Lest you forget that Reagan violated the Constitution with his illegal funneling of money from illegal arms sales to Iran to so-called “freedom fighters” in Nicaragua (remember Iran-Contra?)….all done behind the back of Congress.

    • Roberta

      It may be time to take a closer look at Herman Cain for President.

  • Roberta

    This article is premature! Watch inflation rate by the end of this year. Carter will not be considered the worst President. Obama
    will have the award; unless he doctors the numbers.

    • SaneRepublican

      The great thing about history is how it redeems those who first thought to be “the worst” and it tempers those who we first thought to be “the best.”

      I bought into the right-wing propaganda against Carter during the 80s. But Carter’s wisdom, especially in the area of energy conservation, has been validated by history. Much in the same way history has boosted Harry Truman, Carter wasn’t nearly as bad as we first thought.

      By the same token, Reagan’s stock has dropped slightly since he left office. Again, history doing what history does: looking at the long term impact and putting a proper perspective on what really happened. But of course you people love to mythologize Saint Ronny. From what I understand, with the sheer force of his masculine will, he lowered taxes (except for the 4 times he raised them), he saved the economy (except for that nasty mid-term recession and that post-term recession he gave Bush), and single-handily wrestled that big Soviet bear to its knees and brought down Communism (except for the fact that Soviet Union didn’t finally collapse until after Reagan was in office, and he just built on with 40 years of Presidents had laid before him).

      It’ll be interesting to see what history does with the man who actually had a lower approval rating than Carter at the time of his departure, President Bush (the lesser).