Posted on 03/06/2011 8:51:12 AM PST by Oldeconomybuyer
Media cheerleading aside, the 0.1 percentage point dip in U.S. unemployment in February means the country's jobless rate is a mere 0.5 percent less than it was two years ago.
By contrast, unemployment in the first two years of Ronald Reagan's term dropped a full 3 percentage points.
The difference is highlighted by the radically different philosophies of the two presidents.
Reagan downsized government, lowered taxes and freed up capital for the private sector to create jobs.
Obama is pursuing the opposite course, and the stagnant job reports illustrate the result.
A deeper analysis of the current jobs "recovery" finds that 2.7 million working-age Americans have simply quit looking for work and removed themselves from the labor market. Sure, that exodus artificially lowers the unemployment rate. It also creates a real drag on the economy.
Oh well. This is what happens when we elected somebody who never held down a real job before.
Yep you can’t send a boy to do a mans job.
do we have the stats that show the government actually shrunk under Reagan? Seriously I’d love to have them.
Here is a good site to check historical unemployment rates. You can put in January 1981 to January 1983 to get a graph of the unemployment rate during Reagan’s first two years in office.
http://www.tradingeconomics.com/Economics/Unemployment-Rate.aspx?Symbol=USD
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