Obama's Jobs Recovery Not So Hot - Reagan's Capitalistic Approach was Much More Effective
Excellent comparison between Reagan's approach to economic recovery vs. Obama's. Great research and loaded with facts. By Gary Hancock: The Bureau of Labor Statistics recently released the national employment situation showing the unemployment rate to be 4.9% as of January 2016, a drop of .1% from December 2015. For the same one-month period, non-farm payroll employment increased by 151,000. After six years of sluggish recovery from the severe recession of 2007-09, Obama immediately trumpeted the latest BLS release and spoke of the causal success of his policies. On the surface those statistics seem laudable. But how do those statistics square with reality and, in contrast, how do they compare to the recovery after the last severe recession; that of 1980-82? Ronald Reagan became president in 1981 and faced a bad recession early in his presidency. Barack Obama became president in 2009 during a bad recession which continued through the early part of his presidency (even ...