Difference between revisions of "Talk:Obamanomics"
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:No, and here's why. Job growth right after the peak of unemployment in late 1982 was swift and it was quick. Carter left Paul Volcker, who by the way is my favorite liberal, and Reagan in a predicament as to whether to control unemployment or inflation. By 1984, unemployment was actually lower than what it had been when Reagan took office and inflation had practically disappeared. [[User:Brown25|Brown25]] 17:20, 6 November 2009 (EST) | :No, and here's why. Job growth right after the peak of unemployment in late 1982 was swift and it was quick. Carter left Paul Volcker, who by the way is my favorite liberal, and Reagan in a predicament as to whether to control unemployment or inflation. By 1984, unemployment was actually lower than what it had been when Reagan took office and inflation had practically disappeared. [[User:Brown25|Brown25]] 17:20, 6 November 2009 (EST) | ||
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| + | ::So ''in hindsight'' we can say Reaganomics was not a failure because we know what happened after unemployment peaked. Since unemployment this time may or may not have peaked yet, and we do not know what will happen after, isn't it a bit premature to call "Obamanomics" a "failed system" (at least solely on this basis)? [[User:ChrisFV|ChrisFV]] 17:23, 6 November 2009 (EST) | ||
Revision as of 22:23, November 6, 2009
Was Reaganomics a "failed system" in Nov./Dec. 1982?[1] ChrisFV 16:57, 6 November 2009 (EST)
- No, and here's why. Job growth right after the peak of unemployment in late 1982 was swift and it was quick. Carter left Paul Volcker, who by the way is my favorite liberal, and Reagan in a predicament as to whether to control unemployment or inflation. By 1984, unemployment was actually lower than what it had been when Reagan took office and inflation had practically disappeared. Brown25 17:20, 6 November 2009 (EST)
- So in hindsight we can say Reaganomics was not a failure because we know what happened after unemployment peaked. Since unemployment this time may or may not have peaked yet, and we do not know what will happen after, isn't it a bit premature to call "Obamanomics" a "failed system" (at least solely on this basis)? ChrisFV 17:23, 6 November 2009 (EST)