Calling HorseManure on Jim Hoft on job growth

Gateway Pundit:

Ronald Reagan’s economic plan saw GDP surge at a 3.5% clip – 4.9% after the recession. That’s a 32% bump.
During the Obama years, thanks to his big government policies, the US economy has stalled. Today the quarterly GDP was announced. The GDP for the first quarter of 2015 braked more sharply than expected at only a .2% pace. The US economy has grown an anemic 9.6% during the Obama years (excluding today’s dismal number).

Jim continues with graphs.

His analysis is bullshit since the severe 1981 recession was entirely a Reagan recession.  We can see Reagan's foot print, he immediately ran up a huge deficit on taking office, cause a crash sending unemployment into the stratosphere. Reagan paid the highest real price for debt than any president in history, nearly 7%, real rate, for ten year debt, he left the deficit much larger then the deficit Carter gave him. Reagan started the debt catastrophe. He left the second worst deficit since the Nixon Shock. Counting unemployment, Reagan actually had a worst recession than lil Bush.

The 2008 recession was entirely a Bush recession. Obama came into office with lil Bush's recession, the worst recession since the Nixon Shock.   Obama has yet to cause a recession, and Clinton's mild recession was revised away.  Obama reduced lil Bush's deficit at the fastest rate than any other postwar deficit has been reduced, and lil Bush left the deficit at 10%, the worst deficit since the Nixon Shock.

It was Clinton who finally got debt prices down, and Obama has finished the job with real debt prices down to 2.3% or so. So right now, every single recession since the Nixon Shock has been either a Bush or Reagan. That makes the entire unemployment series almost entirely a Reagan of Bush disaster.

I am now labelling Jim Holt an incompetent hack and will constantly expose the Gateway blog site as a nestbed of incompetent statistical liars.