Obama vs Reagan

[Justthefax]

Obama said, the Government will solve the problem, Reagan said the Government is the problem.


Obama will raise taxes and lower revenue to the Federal Government, Reagan lowered tax rates and revenue to the Federal Government went up.

[PurpleCat]

Obama said, the Government will solve the problem, Reagan said the Government is the problem.


Obama will raise taxes and lower revenue to the Federal Government, Reagan lowered tax rates and revenue to the Federal Government went up.

Reagan was a great President. Obama is a joke.

[dembo]

Obama said, the Government will solve the problem, Reagan said the Government is the problem.


Obama will raise taxes and lower revenue to the Federal Government, Reagan lowered tax rates and revenue to the Federal Government went up.

I call Reagan by TKO in the 3rd round and that's because the Gipper would toy with him for the first two.

[Researcher]

Reagan...he had a great left jab and a hard right hook.

[Justthefax]

Reagan was right, Obama is wrong.

[Anne68]

Reagan doubled the national debt during his tenure.

PLEASE LORD, PLEASE, let Obama fail to beat that horrible record.

Reagan also leads on indicted appointees. Yikes!

[Cameron]

Ronald Reagan was easily the worst President in my lifetime.

Then along came Bush II.

The jury is still out on Obama.

[dembo]

Ronald Reagan was easily the worst President in my lifetime.

Then along came Bush II.

The jury is still out on Obama.

You must be pretty young and been in a coma through the Clinton years.

[PurpleCat]

Ronald Reagan was easily the worst President in my lifetime.

Then along came Bush II.

The jury is still out on Obama.

Most people prospered during Reagan. Maybe you're just a failure. I'm just saying...

[Evil Yoda]

Nah. Carter had the worst president nod until Bush II - The Idiot King came along. Reagan was nowhere in the running. Among other things, he created the 401(k) which is an excellent idea.

[dembo]

Nah. Carter had the worst president nod until Bush II - The Idiot King came along. Reagan was nowhere in the running. Among other things, he created the 401(k) which is an excellent idea.

I was born in 72 - so I really don't remember much before Carter - and IMO he was the worst.

[Anne68]

Among other things, he created the 401(k) which is an excellent idea.

Which gave corporations the "out" for pensions.

Let's see what the next "out" is .... health insurance?

[dembo]

TEE HEE. Losers.

So you think both Reagan and Obama are losers? Interesting. TEE HEE.

[Cameron]

You must be pretty young and been in a coma through the Clinton years.

Most people prospered during Reagan. Maybe you're just a failure. I'm just saying...

All in all, Reagan allowed the welfare state to enlarge and the military budget to explode, causing monstrous budget deficits and government growth that dwarfs government growth under Clinton, even when Clinton had a Democratic Congress...

http://www.lewrockwell.com/gregory/gregory12.html

[Captain Jack Sparrow]

Obama said, the Government will solve the problem, Reagan said the Government is the problem.


Obama will raise taxes and lower revenue to the Federal Government, Reagan lowered tax rates and revenue to the Federal Government went up.

I see you still have your crystal ball to predict the future.

[CajunRaven]

Reagan doubled the national debt during his tenure.

PLEASE LORD, PLEASE, let Obama fail to beat that horrible record.

Reagan also leads on indicted appointees. Yikes!

Revenues set all time records during Reagan. Unfortunately, record spending outpaced those record revenues.

And please remember, Reagan was dealing with a democratic congress and had to make deals with Tip O'Neill.

And also remember who actually creates the legislation that enables the spending. There was plenty of blame to go around when talking about spending.

[hst2]

Revenues set all time records during Reagan. Unfortunately, record spending outpaced those record revenues.

And please remember, Reagan was dealing with a democratic congress and had to make deals with Tip O'Neill.

And also remember who actually creates the legislation that enables the spending. There was plenty of blame to go around when talking about spending.

"Actually, federal revenues rose 80 percent in dollar terms from 1980 to 1988. And numbers like that (sometimes they play with the dates) are thrown around by Reagan hagiographers all the time.

But real revenues per capita grew only 19 percent over the same period — better than the likely Bush performance, but still nothing exciting. In fact, it’s less than revenue growth in the period 1972-1980 (24 percent) and much less than the amazing 41 percent gain from 1992 to 2000.

Is it really possible that all the triumphant declarations that the Reagan tax cuts led to a revenue boom — declarations that you see in highly respectable places — are based on nothing but a failure to make the most elementary corrections for inflation and population growth? Yes, it is. I know we’re supposed to pretend that we’re having a serious discussion in this country; but the truth is that we aren’t.

Update: For the econowonks out there: business cycles are an issue here — revenue growth from trough to peak will look better than the reverse. Unfortunately, business cycles don’t correspond to administrations. But looking at revenue changes peak to peak is still revealing. So here’s the annual rate of growth of real revenue per capita over some cycles:

1973-1979: 2.7%
1979-1990: 1.8%
1990-2000: 3.2%
2000-2007 (probable peak): approximately zero

Do you see the revenue booms from the Reagan and Bush tax cuts? Me neither."

link

[CajunRaven]

"Actually, federal revenues rose 80 percent in dollar terms from 1980 to 1988. And numbers like that (sometimes they play with the dates) are thrown around by Reagan hagiographers all the time.

But real revenues per capita grew only 19 percent over the same period — better than the likely Bush performance, but still nothing exciting. In fact, it’s less than revenue growth in the period 1972-1980 (24 percent) and much less than the amazing 41 percent gain from 1992 to 2000.

Is it really possible that all the triumphant declarations that the Reagan tax cuts led to a revenue boom — declarations that you see in highly respectable places — are based on nothing but a failure to make the most elementary corrections for inflation and population growth? Yes, it is. I know we’re supposed to pretend that we’re having a serious discussion in this country; but the truth is that we aren’t.

Update: For the econowonks out there: business cycles are an issue here — revenue growth from trough to peak will look better than the reverse. Unfortunately, business cycles don’t correspond to administrations. But looking at revenue changes peak to peak is still revealing. So here’s the annual rate of growth of real revenue per capita over some cycles:
<B>

1973-1979: 2.7%

</B>

1979-1990: 1.8%
1990-2000: 3.2%
2000-2007 (probable peak): approximately zero

Do you see the revenue booms from the Reagan and Bush tax cuts? Me neither."

link

So this guy is arguing that there was better growth during Cater vs Reagan.

[zjay]

Reagan was a great President. Obama is a joke.

I know that challenged folks like you have some difficulty with original thought and substantive comment but to call someone or something " a joke" is the most over used and useless phrase on this board. You're a joke, he's a joke, they are a joke, it's a joke... Please think and come up with something better to express your thought because at this time I find you to be complete idiot and a real joke...

Live long and prosper

[BaltoNFLUSFLCFLNFLChamps]

The only thing in common for both of them, I didn't vote for either of them. Amazing how blind I was during my days in Maryland's Political Light and sighted it is now, since I learned to actually listen.