Liberal Forum

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.

Just to remind everyone what the OP is, so that we can stay on topic.

Cannonpointer » 16 Feb 2014 3:25 am » wrote:BUT THERE IS MORE!

http://en.wikipedia.org/wiki/History_of ... ublic_debt

Reagan grew the debt by ALMOST 7 TIMES what Carter grew it by.

Carter added 288 billions to the national debt - which actually REDUCED the debt as a portion of the GDP (due to how much it grew by under his hand, with a democrat congress).

Reagan added 1.873 TRILLIONS to the national debt, which GREW our national debt, as a function of GDP, for the first time since WW!! - TRIPLED THE NATIONAL DEBT as measured in dollars (does not account for inflation), and grew it by a whopping 23.5% as a function of GDP (ACCOUNTS FOR INFLATION)!

In summary, Reagan oversaw a stagnant economy (at least, as measured against Jimmy Carter's or Bill Clinton's), AND he added to our national debt.

The conservatives in the mainstream media and on this board can spin and spin, but they cannot make these numbers go away.