This is as good as it gets: A crappy recovery, 8 percent unemployment as far as the eye can see, constant talk of tax hikes and chronic class envy, and another trillion dollars of debt thrown on the backs of our children each year.
That’s it? The best we can do? There were no better ideas than Barack Obama’s failed stimulus, no leader who could have gotten us better results?
Republicans are quick to point out that at least one president already did: Ronald Reagan. He inherited an economic collapse, an energy crisis, inflation around 18 percent, interest rates at 21 percent — all with the constant threat of an expanding Soviet empire looming in the background.
Four years later, America had the fastest growth and the lowest inflation in the Western industrialized world. As Louis Woodhill writes in Forbes, the number of jobs after the first three years of Reagan’s recovery jumped an astounding 8.97 percent.
During Bush 43’s recovery, jobs grew by 2.93 percent, while Clinton added 3.64 percent more jobs.
And what about the three years of Obama’s “recovery?”
A pathetic 1.72 percent more jobs. And Democrats are singing “Nobody Does It Better?”
More.
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