Yahoo: After a deep recession, Ronald Reagan posted 4.7 percent annual growth over 22 quarters and employment jumped 13 percent, whereas President Obama's recovery has accomplished half that progress.Lets see, Reagan nominated in Q1 1981, first event is the worst recession in recent memory, next event is the great communist spending binge which doubled the national debt. To this very day the US Treasury is rolling over all that debt Reagan buried in 30 year bonds.
Notice it took a small state governor, Bill Clinton, before we could get Reagan's spending binge under control. See the elder Bush in that chart? He barely made a dent.
So, we have a bunch of Republican Communists celebrating the Greatest American Communist of all time.
To further instruct Peter let's look at deficit's, shall we?
OK, down deficits dropping is the blue line going up, that means gooder government. Well, deficits always rising or bad with Republicans. Deficits always reducing, or good government under Democrats.
Notice, every single Republican was a deficit rising president.
How about price stability?
Nope, Republican presidents still suck. Every single Republican president had high inflation and high price variance. Clinton and Obama still win. Democrat presidents win on deficit reduction and price stability. Republican presidents are always leaving the economy with a dangerous debt overhang. Carter is the except on price stability. But he inherited the Nixon monetary regime change.
Who is Peter Morici?
Commentary by Peter Morici, an economist and business professor at the University of Maryland, and a national columnist.
Well, there you have it, yet another economist destroying his own science. Note: The University of Maryland is not the place to learn economics.
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