Gallup: Unemployment drops down to 8.1%, lowest level yet.

Clinton is also against raising taxes during an economic contraction/recovery. That's because Clinton is actually somewhat pragmatic and intelligent, unlike Obama who is an amateurish ideologue.

 

Unfortunately, the Constitution bars Clinton from serving another term, and the overbuilt housing market isn't going to bounce back for a few years regardless who is president.

 

except he did, referred to as the late 80s/early 90s recession

 

In fact, Obama did not raise taxes during the recession. Your point is misplaced.

 

How is it that liberals are able to suspend reality and completely ignore the fact that the unemployment level is only lower because so many people have given up looking for work?

How many fewer jobs are there now than when Obama took office? How many African Americans are out of work now? And you celebrate this as good?

 

Of course we can. We can raise them whenever we went. The question is whether or not we should. And supposing we had to raise taxes, obviously it would be more appropriate to do it during an economic boom, especially when you consider the fact that not a single school of economic thought advocates raising taxes during a recession/recovery.

 

That's fine. We just need someone who isn't an amateurish ideologue to take charge - then the recovery can really start.

 

fair enough, I appreciate the clarification

 

Your chart is out of date, and the information in it is skewed by the horrible recession Obama inherited.

 

Candidate Obama made a lot more sense than President Obama.

[video=youtube;7uoE_NicaMY]http://www.youtube.com/watch?v=7uoE_NicaMY[/video]

 

That recession ended before Clinton assumed the Presidency.

 

Comparing apples and oranges. Harding's was a post war conversion recession (same thing happened after WWII) and Reagans was an interest rate recession.

But if you want to look for guidance as to the strongest recovery of all time, FDR wins that by a mile.

 

Obama is trying to raise taxes as we speak (Buffet rule), and he would have let the Bush tax cuts expire if not for the political pressure placed on him by Republicans and pragmatic Democrats.

 

Yea, whatever.

 

umm here is the chart, I don't see any comparison between the Reagan years and Obama

 

Yea, if you consider a decade of misery and high unemployment the "strongest recovery of all time"...

 

Government should spend 53% of GDP every year!

 

Just like the recession ended two years ago. While the economy was not contracting, Clinton came to office at a time when the unemployment rate was over 7% and the economy was still recovering from the '91 recession.

And a record deficit. Unlike most panderers, Clinton did something about it and raised revenues, which conservatives claimed (like they always do) would kill jobs and destroy the economy. The exact opposite happened.

"There's and old saying in Tennesee ..."

 

Why do you say that?

 

As well he should be. We need to get the deficit down, as conservatives remind us whenever a Democrat is in office.

 

Thanks to a tech bubble that he had nothing to do with, Clinton's economy boomed, in spite of his effort to raise taxes. Millions more people went back to work as well, thanks to welfare reform that Clinton vetoed - twice.

Clinton did a great job of taking credit, I'll give him that.

 

The debt needs to go down, not the rate at which it is expanding.

You actually think lib politicans will take those extra revenues (there will actually be less revenue, based on historical data on raising capital gains taxes), and apply them towards the deficit? How gullible. They'll just spend it and demand more, as usual. More is never enough.

 

That does not mean it was a viable option in *this* recession.

I caught a huge fish on the south side of my favorite lake a few years back. Since then, I haven't caught one. Is it because I'm a) a lousy fisherman, b) unlucky, c) the huge fish have all been caught or d) the big fish no longer lurk on the south side of the lake?

If either c or d, I was *never* going to catch a fish in that spot, no matter how good a fisherman I was.

Totally unproven and unprovable. You cannot prove the route not taken.

 

Its just relative, because FDR had a far deeper and more serious hole to climb out of. After taxes were raised and spending increased, the unemployment rate fell 10 percentage points and real growth averaged 9% per year.

 

Funny, they show how unemployment is less than 5% if you look at those people out of work for more than 15 weeks.