Reality bites Republicans again, as the unemployment numbers under President Obama are lower than at any time during the Reagan presidency.
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.
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.
Barack Obama has proven to be a more successful president than Ronald Reagan. President Obama brought the country back from a bigger economic crisis, has a lower unemployment rate, and reduced the deficit instead of shattering the finances of the nation like Ronald Reagan did with trickle down economics.
In the face of Republican obstruction, President Obama has built a lasting legacy of presidential accomplishments.
If you want to make a Republican explode, simply point out that even by their own metrics of success Barack Obama has been a better president than Ronald Reagan.