17 Feb 2014 4:48 pm
Cannonpointer » 16 Feb 2014 2:56 am » wrote:Carter grew the economy in the four years of HIS budget 78,79, 80 and 81 (he took office in 77, but that was ford's year - and a good one) faster than reagan did in his eight years 81-89. If anyone wants to swap years (pretend 77 was Carter's, even though the fiscal year runs from October to October) that's fine, too. Either way, Carter ROMPS on Reagan - I just want to be accurate.
http://useconomy.about.com/od/GDP-by-Ye ... istory.htm
In 4 years, carter grew the economy to 154% of where he took over. It was 2.086 trillion in 77 when he took office, and 3.211 trillion for 81 - his last fiscal budget. The numbers are even better if you run it by election year rather than fiscal year (the more accurate and honest measure).
In his 8 years, Reagan took the economy from 3.211 trillion - Carter's last fiscal year - to 5,6577 trillion in 1989 - his last fiscal year, That's an increase to 177% of what it was when he took over - in EIGHT years. Carter almost made that figure in FOUR years.
Aided and abbetted by a willing conservative MSM, repukes have floated a false narrative about Carter and reagan, playing the former as befuddled and incompetent and the latter as an economic goliath. Nothing could be farther from the truth. This is why, in the face of ALL EVIDENCE, contards pretend the press is "librul." It's called projection.
I want to give credit where it's due: Glory Hole Clem is the fool who got me to googling and discovering these facts. My own nature is what gets me crowing about it.
Contards, you are on notice: CARTER WAS BETTER FOR THE ECONOMY THAN REAGAN. SO WAS CLINTON - BETTER THAN REAGAN, BUSH AND BUSH. You people suck at business and the economy - and everything else. You even suck off men in public bathrooms.
What kind of fool are you?????? I lived through the Carter stagflation, double digit inflation, interest rates, and unemployment. I had my biggest raises then but less usable money. Foolish man!!!! Reagan took over a horrid mess and fixed it.
How many times do I have to ram this chart down the throats of fools like you. This chart starts at the end of Carter and ends near current date. What a fool you are since inflation kicked up the $ amount way above what it was at the start of his presidency. Foolish person you have to take stagflation into account for the $ amounts.
Look at the % of people working at the end of Carter and the beginning of Reagan. Reagan cut taxes and spending and look at what happened to the employment rate. Reagan's gain was using more people working while Carter and Obama's method of tax and spend kills jobs. Obama has brought us lower than the end of the Carter stagflation.