
Originally Posted by
patlape
You mention Regan, who had a twenty percent growth in the GDP during his time. You mention Bush who had a 500 billion deficit per year in comparison to the 5 trillion dollar deficit of Obama. Speaking of that when was the last time Obama produce a national budget, not to mention his proposal for the next year was completely shot down by Legislative branch. Oh yeah let us not forget the Obamacare is 87% underfunded already and instead of premiums dropping by 2500 as promised they have actually risen above the 3000 mark. Obama GDP has been an ugly 2 percent, when factored in with population growth and inflation this number is actually negative. Better yet what about all the money Obama has put into Green energy, billions of tax payer dollars, where are the fruits of those dollars? They are tied up in bankruptcy court. As it stands now (and fact check this because I am shooting from the hip with slightly old data) Obama has payed over 200 million dollars for every job he has created. Give me 200 million and I will create more than one job that’s for certain. Speaking of created jobs let’s look at the unemployment rate. It finally dropped below 8 percent after 3.5 years. Oh yeah but that number is flawed as well because there are far less Americans participating in the job force versus four years ago. People have given up, but take the 2009 job force numbers plug them into todays economy and you have an unemployment rate north of 14 percent. The net total job creation of Obama, taking jobs lost versus jobs produced is ~61,000. Do you want to look at the Regan numbers to compare.
Don’t get too high on the saddle with GDP spending you are likely to fall off.
Feel free to educate and critique me.
PL