Is President Obama outperforming President Reagan on jobs, growth and investment? Forbes Magazine has the goods. Let's take a look.
#1. UNEMPLOYMENT: REAGAN vs. OBAMA:
When it comes to unemployment not only did the stimulus work - by keeping unemployment from collapsing further in 2009 - but it helped push people into the workforce faster than was the case under President Reagan. Just as significantly, President Obama has achieved a 6.1% unemployment rate at a faster pace than President Reagan did. Check it out ...
Still, we have the usual clowns at Fox News trying to change the topic, as they jabber about the "real" unemployment rate. This rate factors in those who are working part-time but want full-time work. This is what's been happening.
#2 THE REAL UNEMPLOYMENT RATE IS DROPPING:
The "real" unemployment rate includes those who work in marginal working conditions; i.e. the person working as a part-time waiter who's trained and wants work as an actor; the person working in construction who's trained and wants to work in statistics. Using this method turns the reported unemployment rate (U-3, which is 6.1%) into the real unemployment rate (U-6, which is 12%).
#3 THE REAL UNEMPLOYMENT RATE:
But here's the real fun part. When we track the labor participation rate from 1948 through today the Bureau of Labor Statistics is reporting that the total number of unemployed in America is lower today than at any period during the Reagan administration.
#4 RETURN ON INVESTMENT, REAGAN vs. OBAMA:
Then we have return on investment. Over the first 67 months of the Reagan administration a $1 investment yielded a 190% return. Under President Obama that same $1 would net you a 220% return on investment!
And while we're at it, let's remember the five areas that President Obama has really shined, by reminding everyone of this ...
- Mark
Hat tip to Sergio for the Forbes link. Thanks.
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