Monday, April 5, 2010

We Gave Reagan 3 Years, Yet Obama has Already Failed?

Saw This in The Daily KOS.

The unemployment rate in Reagan's second year - a full year after his tax cuts for the top 1% - rose to a post WW2 high of 10.8%. According to Gallup, only one third approved of the way he was handling the economy, with the deficit exploding due to his tax cuts benefiting the wealthy.

At the beginning of '83, his approval rating fell to a low of 35%.

The economy, and Reagan's approval, only started to improve in his third year.

01/1981 - Unemployment rate 7.5% .... Reagan sworn in.
02/1981 - 7.4%
03/1981 - 7.4%
04/1981 - 7.2%
05/1981 - 7.5%
06/1981 - 7.5%
07/1981 - 7.2%
08/1981 - 7.4% *Reagan cuts taxes for top 1% & says unemployment will DROP to 6.9%.
09/1981 - 7.6%
10/1981 - 7.9%
11/1981 - 8.3%
12/1981 - 8.5%
01/1982 - 8.6%
02/1982 - 8.9%
03/1982 - 9.0%
04/1982 - 9.3%
05/1982 - 9.4%
06/1982 - 9.6%
07/1982 - 9.8%
08/1982 - 9.8%
09/1982 - 10.1%
10/1982 - 10.4%
11/1982 - 10.8%


This is Why Reagan couldn't blame Carter for the Economy.

The Right Wing News Media, acts as if as soon as Reagan hit office the seas parted, and the birds sang, and America was saved. When in fact it took quite a while for any economic success during his first term as President. But we live in a twenty four hour news cycle, and Obama is a failure because we have not dug out from under a much worse recession in less time.

It has been just over a year since the worst economic crisis since the great depression. Maybe we should not look for a miracle but a slow road to recovery.

Wait what does this look like?

Oh My God....We are progressing....


Who Knew?

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