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Most swing states ARE better off today than 2 years ago.


Posted: Oct 3, 2012

From the L.A. Times: "Almost all the swing states are better off than they were two years ago," said Xu Cheng, a senior economist at Moody's Analytics who publishes monthly election forecasts based on the economic performance of the states. "That's the reason why President Obama has the edge over Romney."

http://www.latimes.com/business/la-fi-swing-state-economies-20121003,0,7107848.story

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All we need is an honest election - vf

[ In Reply To ..]
and Obama will have another 4 years to keep us moving in the right direction. Those who feel things aren't moving fast enough should at least agree that a slow move in the right direction is better than going backwards any day of the week.

Yeah, that's why my state's unemployment rate went up to 9.9 in Sept.? - backwards typist

[ In Reply To ..]
In Aug., it was 8.1%. In Sept., 9.9%. Really going in the right direction isn't it?

It's not because of Obama - OHMT

[ In Reply To ..]
I live in a swing state, and we got a Republican governor in who has turned things around.

We can keep creeping along like we did with Carter, or we can get someone in who knows how to run a business and how to fix a failing business.

Obama is still blaming the last guy. If he couldn't fix it in four years, I don't think giving him another four will do any good. If I did my job that badly, I would be fired.

When Reagan became president, he didn't keep blaming Carter. He turned things around. What we need is another Reagan. Maybe Romney isn't Reagan but he's definitely better than the Carter clone we have now.

Reagan raised taxes and increased the deficit. - nm

[ In Reply To ..]
.

Reagan may have raised taxes but the economy grew. You forgot to point out that fact - backwards typist

[ In Reply To ..]

During Reagan's presidency, federal income tax rates were lowered significantly with the signing of the bipartisan Economic Recovery Tax Act of 1981which lowered the top marginal tax bracket from 70% to 50% and the lowest bracket from 14% to 11%.


 The Tax Reform Act of 1986 further reduced the top rate to 28%, raised the bottom bracket from 11% to 15%, and, cut the number of tax brackets to 4.


 Congress passed and Reagan signed into law tax increases of some nature in every year from 1981 to 1987 to continue funding such government programs as Tax Equity and Fiscal Responsibility Act, Social Security, and the Deficit Reduction Act.  Real GDP growth recovered strongly after the early 1980s recession ended in 1982, and grew during his eight years in office at an annual rate of 3.85% per year.


 Unemployment peaked at 10.8% monthly rate in December 1982—higher than any time since the Great Depression—then dropped during the rest of Reagan's presidency. Sixteen million new jobs were created, while inflation significantly decreased. The net effect of all Reagan-era tax bills was a 1% decrease in government revenues when compared to Treasury Department revenue estimates from the Administration's first post-enactment January budgets. However, federal Income Tax receipts increased from 1980 to 1989, rising from $308.7 billion to $549 billion.


Receipts grew at an average rate of 8.2% (2.5% attributed to higher Social Security receipts), and federal outlays grew at an annual rate of 7.1%. 


Reagan's policies proposed that economic growth would occur when marginal tax rates were low enough to spur investment, which would then lead to increased economic growth, higher employment and wages. 


What Reagan did worked, now didn’t it? 

Proud of you, BW. Now, please remember that when - for itself when taxes are discussed. NM
[ In Reply To ..]
x

Which swing state? How did your gov turn - the economy around?

[ In Reply To ..]
Would love to know more about that.

Given her moniker, I'm guessing Ohio... - SK1

[ In Reply To ..]
John Kasich is the governor.

Here's a video where he talks about 2011 in review. It talks about what he's done.

http://www.governor.ohio.gov/PrioritiesandInitiatives/2011YearinReview.aspx

I heard that same commentary on Fox News - vf

[ In Reply To ..]
Even Reagan's son attests to the fact that his father would not be considered a Republican by today's standard. The present GOP is so far to the right that Reagan would be closer to the left than the right. In fact, Obama is so moderate left that even liberals don’t get behind him on some issues. For example, liberals wanted a public option in the health care bill and didn’t get it because Obama was bending over backwards trying to compromise with the Republicans. Finally, Obama reminding people of the mess he stepped into in his first term is not a statement of blame; it’s a statement of fact. It is completely unreasonable for anyone to expect that 8 disastrous Bush years could be magically fixed in 4 yearsâ€Â¦ especially when the opposition's goal is to stop the president from getting anything done? And what is it, exactly, that you know about Carter that you equate to Obama? That is just a conservative talking point not backed up by any facts.

Didn't hear the commentary but -

[ In Reply To ..]
Then candidate Obama should not have promised what was unreasonable to expect, should he? What does that say about his financial experience and insight? I haven't actually compared Obama to Carter but, off hand, I guess it is the weakness of his stance on foreign policy as well as his failure to economically put things back on better footing.

Well, I think after 4 years and Obama stating it would be fixed during his first term or - backwards typist

[ In Reply To ..]
he would be a one-term President attests to his incompetence. He knew he was "stepping into a mess" and a mess that HE, himself, helped create by his voting (when he decided to be there to vote).

So putting all the blame on GWB doesn't work after 4 years (even from the beginning, I might add), especially since he has let his underlings run the government instead of leading the way.
He never said that. Only idiots believe this decades-long - abuse could be fixed in less than decades.NM
[ In Reply To ..]
x
What is that you say? - anon
[ In Reply To ..]
You can find the video showing him saying this if you search. I think you just called our President an idiot.
Then I guess Obama is an idiot? - backwards typist
[ In Reply To ..]


In February 2009, he stated: "That's why today I am pledging to cut the deficit we inherited by half by the end of my first term in office." 


In February 2009, he stated: "That's why today I am pledging to cut the deficit we inherited by half by the end of my first term in office." 


(FYI: Definition of pledge is a promise or undertaking.)


 


BTW, is it you that likes PolitiFact so much? How about checking out their Promis Broken Ruling for Obama.....ALL 5 PAGES. Smile


 


 


 

Oops! Forgot the link for Politifact. - backwards typist
[ In Reply To ..]


http://www.politifact.com/truth-o-meter/promises/obameter/rulings/promise-broken/?page=1

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