If you want a straightforward measure of Obama’s economic performance, look at the comparative business cycle data from the Minneapolis Fed.
If you want to hoist the White House on its own petard, show the Administration’s estimate of what was supposed to happen to unemployment if the so-called stimulus was enacted compared to the real-world results.
And if you want to be mean and snarky, share this image from the good folks at Reason (click to enlarge).
To be fair, I imagine one could dig up quotes even from the Reagan years that make people look foolish after the fact.
Which is why I prefer data rather than quotes. But since I also enjoy mocking politicians, I must admit that this is a great infographic.
For what it’s worth, I gave Obamanomics an F in this CNBC debate. But lest anyone accuse me of partisanship, I’ve repeatedly explained that Bush’s performance was equally dismal.
It doesn’t matter whether you have an R after your name or a D after your name. If you expand the burden of government spending, the economy isn’t going to prosper.
Kipling’s monkey tribe, the Bandar-log: “We all say it, so it must be so”
“It doesn’t matter whether you have an R after your name or a D after your name. If you expand the burden of government spending, the economy isn’t going to prosper.”
I totally agree. I get so tired of talking to people about the economy and they say “Well Bush did it too.” So what? I was against that back then too! It isn’t about partisanship. It’s about what’s going to work. If Bush messed up the economy so bad, why do people continue to support the same types of policies?
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