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First recorded activity by BoatBanter: Jul 2010
Posts: 385
Default deficits don't matter


On 7-Sep-2010, "nom=de=plume" wrote:

i knew we were screwed when the dumb ******* reagon got elected


Yeah Carter was doing such a great job.


The job growth under the Reagan administration was an average of 2.1% per
year. Comparing the recovery from the 1981-82 recession (1983-1990) with
the
years between 1971 (end of a recession) and 1980 shows that the rate of
growth of real GDP per capita averaged 2.77 under Reagan and 2.50% under
Nixon, Ford and Carter. However, the unemployment rate averaged higher
under
Reagan (6.75% vs. 6.35%), while the average productivity growth was slower

under Reagan (1.38% vs. 1.92%), and private investment as a percentage of
GDP also averaged lower under Reagan (16.08% vs. 16.86%). Furthermore,
real
wages declined sharply during the Reagan Presidency.[39]


Why do so many losers think a president controls "the economy?"

That's as stupid as an Obama sticker on a Toyota, and there's LOTS of those.
 
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