OBAMA vs. REAGAN on GDP GROWTH — NOT EVEN CLOSE

[DLR Pyro]

Placing here for lurking DUmmies to digest

Trickle Down Economics versus Trickle Down Socialism

Ronald Reagan’s economic plan saw GDP surge at a 3.5% clip – 4.9% after the recession. That’s a 32% bump.

During the Obama years, thanks to his big government policies, the US economy has stalled. Today the quarterly GDP was announced. The GDP for the first quarter of 2015 braked more sharply than expected at only a .2% pace. The US economy has grown an anemic 9.6% during the Obama years (excluding today’s dismal number).

Of course, Obama’s record on job growth is also much worse that President Reagan’s record.



Net job growth has declined under Obama. By the end of the second year of their terms as president, economic growth under Reagan averaged 7.1% , under Obama an anemic 2.8%. (IJ Review)

And today, more than five years into the tepid recovery, labor-force participation remains at its lowest level since 1978 during the Carter years.

http://www.thegatewaypundit.com/2015/04/obama-vs-reagan-big-government-socialism-proves-to-be-as-disastrous-as-expected/

Suck it DUmmies

[HawkHogan]

But the dummies claim that the economy is booming.

[98ZJUSMC]

But the dummies claim that the economy is booming.

I think that, even they, have quit parroting that MarxistMedia® LLC bullshit.  Of course, it's all the fault of the obstructionist reTHUGliKKKanS!11!!!111 elEbIntY!!!

[HawkHogan]

I think that, even they, have quit parroting that MarxistMedia® LLC bullshit.  Of course, it's all the fault of the obstructionist reTHUGliKKKanS!11!!!111 elEbIntY!!!

Some liberals are blaming the weather on the poor GDP numbers.

[thundley4]

Some liberals are blaming the weather on the poor GDP numbers.

Except that the experts took the weather into account for their predictions.  They predicted bad numbers, just not this bad.

OTOH, in a month or so , they will revise the previous quarter's number down, too.

[GOBUCKS]

But the dummies claim that the economy is booming.

Well, they claim the economy is booming for everyone but them, so everyone else should pay more taxes.

[obumazombie]

The last reported GDP figures are so paltry they are worse than anemic...

In the Wednesday edition of bias by omission, five of the English and Spanish network evening newscasts again refused to report on a troubling sign for the U.S. economy while all six omitted any mention of a new development in the IRS scandal.

After completely ignoring the story all together Wednesday morning, the CBS Evening News stepped up to mention that the U.S. economy has screeched to a grinding halt with a measly 0.2 percent growth in gross domestic product (GDP) for the first quarter of 2015. covered-irs#sthash.QjqjNJV5.dpuf


However, only 20 seconds was devoted to the news with the following brief from anchor Scott Pelley:

The U.S. economy came to a near halt in the first three months of this year.

The Commerce Department told us today that growth in the first quarter was 0.2 percent. In the previous quarter, it was a moderate 2.2. Bad weather is blamed, but in light of this, an increase in interest rates will likely be delayed.

The Wall Street Journal further elaborated on the Federal Reserve’s reaction to this troubling statistic in an article published late Wednesday:

The economy’s sharp first-quarter slowdown is giving Federal Reserve officials pause.

The nation’s central bank pointed to cooling economic activity and reduced job-market gains in its policy statement Wednesday, underscoring uncertainty among officials about when the economy will rebound and clouding the timing of when they will begin to raise interest rates.

(....)

Still, they want firm evidence the economy is stronger before they start lifting their benchmark short-term interest rate, which has been near zero since December 2008.

Bad weather, cheaper oil, disruptions at West Coast ports and the stronger dollar appear to be at least partly behind the downturn.

In the first three months of the year, consumers showed signs of caution about spending, businesses slashed investment—especially in the energy sector—and exports tumbled, marking a return to uneven growth that has been a hallmark of the nearly six-year economic expansion.

 http://newsbusters.org/blogs/curtis-houck/2015/04/30/abc-nbc-continue-dodge-bad-news-economy-nets-again-skip-recovered-irs#sthash.QjqjNJV5.dpuf

full article...

http://newsbusters.org/blogs/curtis-houck/2015/04/30/abc-nbc-continue-dodge-bad-news-economy-nets-again-skip-recovered-irs#sthash.QjqjNJV5.dpuf



Any GDP less than inflation chips away at personal income, wealth, and increases the cost of living.

[DLR Pyro]

Any GDP less than inflation chips away at personal income, wealth, and increases the cost of living.

How's that hopey changey thing working out for you now DUmmies...

[obumazombie]

^Heh.
Yes we canny.
Oh and the most popular chanting moan by the zombies for owebuma..."owe bum a".