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From: 65hjiko2
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  • 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.

  • OPPOSING SPEECH BY ABUSING THE "MARK-AS-SPAM" FEATURE.

  • SEE HOW HE HAS ERASED

  • FREEDOM OF SPEECH.

  • HOW MUCH HE FUCKING HATES

  • HAS PROVEN HERE

  • KNOWN AS "SHITPACBOOM"

  • THAT RACIST AND BIGOTED SPAMMER

  • IF YOU'LL NOTICE,

  • Unions are mad  at Obama now

  • OBAMA IS A PROVEN FAILURE 

  • My Name is African Swahili - LIAR, your name is Arabic and ‘Baraka’ (from which Barack came) means ‘blessed’ in that language. Hussein is also Arabic and so is Obama.

  • I Never Practiced Islam - LIAR, you practiced it daily at school, where you were registered as a Muslim and kept that faith for 31 years,until your wife made you change, so you could run for office.

  • My School In Indonesia Was Christian - LIAR, you were registered as Muslim there and got in trouble in Koranic Studies for making faces (check your own book).

  • I Was Fluent In Indonesian - LIAR, not one teacher says you could speak the language.

  • Because I Lived In Indonesia, I Have More Foreign Experience - LIAR, you were there from the ages of 6 to 10, and couldn’t even speak the language. What did you learn, how to study the Koran and watch cartoons.

  • “I don’t think my church is actually particularly controversial,” Obama said at a community meeting in Nelsonville, Ohio, earlier this month. - LIAR - But yesterday, he told a different story. “Did I ever hear him make remarks that could be considered controversial while I sat in church? Yes,” he said in his speech yesterday in Philadelphia.

  • I did not take money from oil companies: - LIAR - [03/31/2008]

    THE FACTS: True enough, Obama does not take money from oil companies. No candidate does. It is illegal for corporations to give money to politicians. Corporations, however, do have political action committees that collect voluntary donations from employees and then donate them to candidates. Obama doesn’t take money from PACs. He also doesn’t take money from lobbyists.

  • OBAMA  WIN THE LIE CONTEST

  • QUOTE FROM FAILED BUSH: "We will have budget surpluses as far as the eye can see."

    LIAR!! Bush BLEW THE SURPLUS in his FIRST FISCAL YEAR.

  • Q: Who is the BIGGER LIAR?  Obama or FAILED BUSH?

    A: FAILED BUSH. HANDS DOWN. WITHOUT QUESTION.

  • Q: What does OLD NEWS from the 2008 campaign have to do with 2012?

    A: N-O-T-H-I-N-G

    Q: What impact will 2008 bullshit have on the 2012 election?

    A: N-O-N-E W-H-A-T-S-O-E-V-E-R

  • 75) “I did not take money from oil companies” -LIAR- It is against the law to take money from oil companies. None of your opponents take money from oil companies either.

  • 74) “I did not recall meeting Nadhmi Auchi at any time or on any occasion” - LIAR - But a government witness said on Monday, during Antoin Rezko’s corruption trial, that he recalled seeing Sen. Barack Obama at a party that Rezko held in 2004 to honor Nadhmi Auchi, an Iraqi-born tycoon. Two other guests at the party declared the Obamas were present at the event, which took place one week before Obama won his U.S. Senate seat.

  • OBAMA LAUNDRY LIST OF LIES as of April 16, 2008 (76 lies and counting)

    76) “I am the only candidate who isn’t taking a dime from Washington lobbyist” - LIAR- The record shows quite the opposite. According to USA Today, Obama’s campaign fundraising team includes 38 members of law firms that were paid $138 million last year to lobby the federal government, records show.

  • Those lawyers, including 10 former federal lobbyists, have pledged to raise at least $3.5 million for the Illinois senator’s presidential race. Employees of their firms have given Obama’s campaign $2.26 million, a USA TODAY analysis of campaign finance data shows.

  • FACT: Barack Obama does not abuse power.

    FACT: Shitpacboom only cares for corporate America.

    FACT: For all shitpacboom cares, middle-class Americans can go to HELL.

  • FACT: The Congressional Budget Office provides impartial data which PROVES, among other things, that Obama's health-care initiative will mean LOWER health-care costs in the long run.

    FACT: The Congressional Budget Office has published data PROVING that the last time we had a balanced budget was under a DEMOCRATIC PRESIDENT.

  • @AntiMAGGOTS5

    FACT: The CBO provides data that yoBama admin gives them and PROVES SHIT ! ......along with the fact Obamacare is already CAUSING HEALTH CARE COSTS TO SKYROCKET...FACT !!

    FACT: CBO NUMBERS PROVE SHIT WITH REGARD TO THE CLINTON SURPLUS MYTH SINCE THE NATIONAL DEBT CONSISTS OF CBO AND INTRAGOVERNMENTAL DEBT == NO SURPLUS

    FACT: obama is the WORST PRESIDENT EVER: FACT!

  • @purplehorry8 FACT: The CBO has PROVEN that Obama's health-care initiative will REDUCE HEALTH-CARE costs in the LONG RUN.

    FACT: The CBO DATA PROVES that we had a BUDGET SURPLUS for FOUR FISCAL YEARS under Clinton!

    Cry us another river, Dumbbell!

  • FACT: Shitpacboom cares ONLY for the rich.

    FACT: For all shitpacboom cares, the poor and middle class can go to hell with all the other groups he utterly hates, namely all blacks and all Muslims.

  • Obama Abuses Power to Favor Unions, HURST Big Business

    

  • Do you suppose there's any possibility under the sun the administration was upfront with the Congressional Budget Office about these upcoming waivers when it submitted its data seeking a passing score on Obamacare's budgetary impact?

  • Third World countries in defiance of Congress, is already attacking and thumbing its nose at the federal order (and its issuing judge) invalidating Obamacare, and selectively targets segments of the population (the rich) and industry (fat-cat banks, discriminatory insurance companies) for government mistreatment. I'm leaving so much out.

    As disturbing as are this administration's bankrupting policies, its abuses and discriminatory applications of power are a very close second.

  • MsFBIMan = ObamaWhosARacist, a FOUL RACIST HIMSELF!

  • antiVERNUMFORRACIST = MsFBIMan

  • PurpleBudavolRevenge = antiVERNUMFORRACIST

  • thetruthlives = PurpleBudavolRevenge

  • WhyBatherUs = thetruthlives, a CERTIFIED LIAR!

  • NoStoppingTheTruth = WhyBatherUs

  • Ivoryfire1 = NoStoppingTheTruth, a HATER of the truth!

  • tiptacboom = Ivoryfire1

  • TICTACTICTACBOOM1 = tiptacboom

  • Follow the LYING, BLACK-HATING, and OBAMA-HATING TROLL known as SHITPACBOOM on this page as well!

  • THE MOST DIVISIVE PRESIDENT IN HISTORY

  • GOP Wants Dirtier Air

    Turns out the Republican boils down to a few basic ideas: They want to gut regulations; they want to let Wall Street do whatever it wants. They want to drill more. And they want to repeal health care reform. That’s their jobs plan.

  • In the Nutty World of Acorn and Obama

    Acorn, a tree of community organizers full of nuts, has gained a lot of ground with the coronation of Obama.

  • A large part of our stimulus will be paid to Acorn to do some “community organizing”, plus every time you close on a home a portion of your closing costs go to Acorn. All the funding has resulted in Acorn practically becoming a part of the U.S. Government.

  • Stanley Kurtz has said that Obama’s most radical connection has been in plain sight all along and that connection is with Acorn. The fact is that you, the tax payer, are funding this radical group that’s known for registering fake voters such as Mickey Mouse and has given people incentives to register multiple times.

  • They will now be in charge of the census and who knows what they’ll do with that power.obamacorn

    It is a problem when a President such as Obama gives so much power to a single organization. It’s even more of a problem when he gives power to a radical organization that has done the following:

  • Voter Fraud “Non-Partisan”, pro-Obama election Activities Embezzlement CEO covering up Embezzlement  “Organizing” buses to threaten families of AIG CEO’s Firing multiple Employees that refused to participate in unethical practices Many More to come…

  • One thing is for sure, Acorn is skilled in organizing communities, as is Obama. They’ve successfully organized themselves into power with a Radical Leader such as Obama who could be argued to be a puppet for the Radical group Acorn.

  • Acorn’s activities have actually been picked up by some of the media and now that some light has been shown on the cockroaches they are scattering to re-organize and re-brand themselves hoping that people will forget or ignore who they really are just like the American people did when electing Barack Obama.

  • Grimassfukedcrybaby = TheTheAlphaOmega

  • antiVERNUMFORRACIST = Grimassfukedcrybaby

  • WhyBatherUs = antiVERNUMFORRACIST

  • Ivoryfire1 = WhyBatherUs

  • tiptacboom = Ivoryfire1

  • tiptacboom = RACIST

  • ObamaWhosARacist = tiptacboom

  • figfagthis = ObamaWhosARacist 

  • Follow the SPAMMING, RACIST TROLL known as SHITPACBOOM on this page as well!

  • @ObamaWhosARacist Why the fuck do you post all this crap, Tip?

  • GREEN JOBS

    “The Obama Administration Has Managed The Nearly Impossible Feat Of Turning Energy Policy Into A Money Loser, Pouring Taxpayer Dollars Into Green-Energy Busts Like Solyndra.” (Editorial, “The Non-Green Job Boom,” The Wall Street Journal, 11/28/11)

    Obama Predicted His Investments In Green Energy Would Create 5 Million Jobs

  • PROMISE: In 2008, Then-Senator Obama Claimed His Investments In Green Energy Would Create 5 Million New Jobs. OBAMA: “And I'll invest $150 billion over the next decade in affordable, renewable sources of energy -- wind power, and solar power, and the next generation of biofuels -- an investment that will lead to new industries and 5 million new jobs that pay well and can't be outsourced.” (Sen. Barack Obama, Acceptance Speech Remarks At The Democratic National Convention, Denver, CO, 8/28/08)

  • FAILURE: The Failure Of Obama’s Green Jobs Programs “Gets More Embarrassing By The Day.” “The green jobs subsidy story gets more embarrassing by the day. Three years ago President Obama promised that by the end of the decade America would have five million green jobs, but so far some $90 billion in government spending has delivered very few.” (Editorial, “Green Jobs Brown Out,” The Wall Street Journal, 10/11/11)

  • “The Green Economy Is Not Proving To Be The Job-Creation Engine That Many Politicians Envisioned.”

  • “In the Bay Area as in much of the country, the green economy is not proving to be the job-creation engine that many politicians envisioned. President Obama once pledged to create five million green jobs over 10 years. Gov. Jerry Brown promised 500,000 clean-technology jobs statewide by the end of the decade. But the results so far suggest such numbers are a pipe dream.” (Aaron Glantz, “Number Of Green Jobs Fails To Live Up To Promises,” The New York Times, 8/18/11)

  • Green Technology Jobs Account For Just 2 Percent Of Employment Nationwide. “A study released in July by the non-partisan Brookings Institution found clean-technology jobs accounted for just 2 percent of employment nationwide and only slightly more — 2.2 percent

  • — in Silicon Valley. Rather than adding jobs, the study found, the sector actually lost 492 positions from 2003 to 2010 in the South Bay, where the unemployment rate in June was 10.5 percent.” (Aaron Glantz, “Number Of Green Jobs Fails To Live Up To Promises,” The New York Times, 8/18/11)

  • “Federal And State Efforts To Stimulate Creation Of Green Jobs Have Largely Failed.” “Federal and state efforts to stimulate creation of green jobs have largely failed, government records show

  • . Two years after it was awarded $186 million in federal stimulus money to weatherize drafty homes, California has spent only a little over half that sum and has so far created the equivalent of just 538 full-time jobs in the last quarter, according to the State Department of Community Services and Development.” (Aaron Glantz, “Number Of Green Jobs Fails To Live Up To Promises,” The New York Times, 8/18/11)

  • The Energy Department Has Handed Out $35.2 Billion From The Stimulus, But The Clean Energy Industry Has “Yet To Provide The Boost Many Had Hoped For.” “The Energy Department handed out $35.2 billion from the Recovery Act for energy efficiency and other initiatives. At the time, clean energy was seen as a potentially powerful industry for job creation. But the industry has yet to provide the boost many had hoped for.” (Vauhini Vara, “Red Flags For Green Energy,” The Wall Street Journal, 10/12/11)

  • Despite Soaring Promises From Obama And His Allies, Green Energy Has Barely Taken Flight And Has Failed To Create Jobs. “New clean-energy sources could address environmental, economic and national security problems all at once

  • . In his 2008 convention speech, Barack Obama promised to create five million green economy jobs. The U.S. Conference of Mayors estimated in April 2009 that green jobs could account for 10 percent of new job growth over the next 30 years. Alas, it was not to be.” (David Brooks, “Where The Jobs Aren’t,” The New York Times, 9/5/11)

  • “There’s A Wealth Of Other Evidence To Suggest That The Green Economy Will Not Be A Short-Term Jobs Machine. According To Investor’s Business Daily, Executives At Johnson Controls Turned $300 Million In Green Technology Grants Into 150 Jobs — That’s $2 Million Per Job.” (David Brooks, “Where The Jobs Aren’t,” The New York Times, 9/5/11)

  • The Energy Department’s Loan Program Has Fallen Far Short Of The 65,000 Jobs That It Said It Would Create

  • Details:

    

  • PooPooPalace1 = Ivoryfire1

  • MsFBIMan = PooPooPalace1

  • NoStoppingTheTruth = MsFBIMan

  • antiVERNUMFORRACIST = NoStoppingTheTruth (LMFAO!)

  • TheTheAlphaOmega = antiVERNUMFORRACIST

  • Grimassfukedcrybaby = TheTheAlphaOmega

  • PurpleBudavolRevenge = Grimassfukedcrybaby

  • tiptacboom = PurpleBudavolRevenge

  • thetruthlives = tiptacboom

  • Follow SHITPACBOOM, the anti-black troll who HATES OBAMA FOR BEING BLACK, on this video as well.

  • On December 1, 2010, the Commission released its report, The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform. The majority of the members of the committee voted in favor of the recommendations contained in the report. Some of the members that voted against the report acknowledged that it contained some positive elements that could be used as part of a more comprehensive legislative plan.

  • Unfortunately, President Obama took no action on the recommendations of his Commission. He submitted his FY 2012 budget as though the Commission's report didn't exist.

  • All the good will and positive leadership he created by establishing the Commission was lost by his inaction.

  • President Obama's failure to act on the Commission's recommendations is a total abdication of leadership. When a "leader" fully understands a major problem and fails to make any effort to deal with the problem than the leader has failed.

  • President Obama has fully demonstrated that he intellectually understands the US government's fiscal problems. He appointed a very senior level Commission to address the problem. The Commission delivered substantive recommendations.

  • Our President failed to act! Our President failed to lead! Any corporate leader that failed to act on a problem that is as serious as the US government's fiscal imbalances would be fired by the Board of Directors.

  • US voters will not have an opportunity to fire President Obama until 2012. We are the Board of Directors.

  • Hopefully, the Board will study and gain a full understanding of the issues. And hopefully, we will find a true leader that has the qualities necessary to fully address our nation's fiscal problems.

  • Hopefully, there is time left for corrective action before the problems get completely out of control.

  • PopoPalace = WhyBatherUs

  • SpartenGreek = PopoPalace

  • figfagthis = SpartenGreek

  • TIPTACBOOMBOOM  = figfagthis

  • tiptacboom = TipTacBoomoo7

  • TipTacBoom00001 = tiptacboom

  • FOLLOW THE ZIGZAG OF THE OBAMA-HATING RACIST TROLL KNOWN AS SHITPACBOOM!!!

  • While a delusional Obama team sometimes tries to compare the suddenly Irish O with Ronald Reagan, their attempts are laughable at best. On the all important issue of American economic policy, the issue I think that will defeat Obama in 2012, Obama’s socialist policies have been a recipe for disaster, as this Forbes piece does such a great job of illustrating… Reaganomics Vs. Obamanomics: Facts And Figures

  • 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.

  • All of the above was accompanied by double -igit interest rates, with the prime rate peaking at 21.5% in 1980.

  • The poverty rate started increasing in 1978, eventually climbing by an astounding 33%, from 11.4% to 15.2%. A fall in real median family income that began in 1978 snowballed to a decline of almost 10% by 1982. In addition, from 1968 to 1982, the Dow Jones industrial average lost 70% of its real value, reflecting an overall collapse of stocks.

  • 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%.

  • THE "MARK-AS-SPAM" FEATURE.

  • WHO HAS BEEN FONDLING

  • CAN LOOK INTO IT AND DIRECTLY SEE

  • YT MANAGEMENT

  • IN ANY CASE,

  • It appears that the culprit here is the "SpartenGreek" account, though he operates NUMEROUS sock accounts across You Tube.

  • THE "MARK-AS-SPAM" FEATURE.

  • BY ABUSING

  • ERASING FREE SPEECH

  • IS AT IT AGAIN:

  • SHITPACBOOM