Quote:
Originally Posted by Brujah
Help me prove this is incorrect.
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That's easy. It conveniently goes back 50 years. So you start it out with Kennedy inheriting a good economy from Eisenhower (whose main goal was eliminating the national debt)
Then Johnson came in for four years and escalated the Vietnam war and the economy did real well (as it always seems to in war).
As Nixon ended the Vietnam war..the "bubble" of the 1960's crashed and we ended up in a recession in 1970. These days, using the Obama methodology, it would have all been blamed on Johnson's policies. lol
Then Ford came in and the economy was in pretty bad shape. Mostly because of the "oil crisis" brought on by OPEC.
That escalated during the Carter years and the economy was just horrible. Ending up with an inflation rate of 12%, and an unemployment rate of over 7%
Reagan took office with the economy in shambles. By 1982 he was looking at a 9.6% unemployment rate. Even higher than Obama had to deal with. But by 1984 he had it down to 7,5% and by the end of his term it was all the way down to 5.5%
Then the Clinton years came and the internet tech bubble happened. The 90's were fucking awesome! By the time Clinton left office in 2000 the unemployment rate was down to 4.4%! That kicked ASS! And that is where the big Democrats numbers come from. All from Clinton.
Bush took office and the economy stayed strong with super low unemployment until the crash of the housing market caused by stupid ass Congress with Fannie May And Freddie Mac home loans.
Bush had a great run though. In 2007 unemployment was at 4.6%! In 2008 in his final year it was only 5.8% and would have been lower except the housing market crashed in Sept. of 2008 and took down the economy.
All 4 years of Obama have had high unemployment.
9.3% in 2009, 9.6% in 2010, and 9.1% in 2011 The numbers for 2012 aren't complete yet. But it's over 8%. He's pretty much failed with the economy.
The Clinton years were the best in this century (hell, maybe in the countries entire history) And the Bush years weren't far behind. If we hadn't invaded Afghanistan and Iraq....Bush would have probably ended up with a tremendous presidency. But those wars put us so far in debt that he can't be counted that way in my opinion.