Cannonpointer » 18 Feb 2023, 7:41 pm » wrote: ↑
Thank you for acknowledging that.
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.
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 (at that time) MSM, republicans 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.
CARTER WAS BETTER FOR THE ECONOMY THAN REAGAN. SO WAS CLINTON - BETTER THAN REAGAN, BUSH AND BUSH.
Let's see what Forbes has to say:
http://www.forbes.com/sites/mikepatton/ ... -creation/
Carter's economy produced 10 million jobs in four years, against 16 million in 8 years in Reagan's economy. That's a win for Carter on jobs.
Just WAIT until I show you what Carter did to government (Spoiler alert - he shrunk it) compared to what Reagan did to government (spoiler alert - he BALLOONED it. Biden considered shooting it down).