Sunday, September 6, 2015

Obama Shatters Republican Fantasies By Posting Lower Unemployment Numbers Than Reagan

http://www.politicususa.com/2015/09/05/obama-shatters-republican-fantasies-posting-unemployment-numbers-reagan.html
"Before Republicans start scrambling for excuses, Yglesias pointed out that labor participation is lower now than when Reagan was in office, but that is due to the fact that the United States is an older country that has more retired people than when Reagan was in office. Labor participation rates have been dropping for decades so blaming Obama for decreasing labor participation rate is both false and disingenuous.
In 2011, President Obama became the biggest tax cutter in history, “Beneath all of the Republican and Tea Party grumbling about taxes, one key fact continues to be ignored. According to the Tax Policy Center, Federal taxes are lower than at any time since 1955. Obama has now reduced taxes by more than any president since Dwight D. Eisenhower.”
President Obama’s 2009 stimulus was the single biggest tax cut in US history:
The Obama tax cut is $282 billion which is larger than the tax cuts of Ronald Reagan, JFK, and George W. Bush. Even worse, Republicans voted against it.
According to the Wall Street Journal, George W. Bush’s first tax cut in 2001 was $174 billion. His second tax cut in 2004 and 2005 was $231 billion. As Steven Waldman of Beliefnet pointed out last week, Obama has kept a campaign promise to cut taxes that few Republicans thought he would keep."

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