...“As this unemployment chart shows, (click here) President Obama’s job creation kept unemployment from peaking at as high a level as President Reagan, and promoted people into the workforce faster than President Reagan.
“President Obama has achieved a 6.1% unemployment rate in his sixth year, fully one year faster than President Reagan did. At this point in his presidency, President Reagan was still struggling with 7.1% unemployment, and he did not reach into the mid-low 6% range for another full year. So, despite today’s number, the Obama administration has still done considerably better at job creating and reducing unemployment than did the Reagan administration.
“We forecast unemployment will fall to around 5.4% by summer,
2015. A rate President Reagan was unable to achieve during his two
terms.”...Obama's administration which was the only power supporting the return and growth of small business is superior to Reagan.
This is a comparison chart between Reagan (literally the red line) and Obama (the blue line). The difference between Democratic and Republican economics is extremely clear. Democratic economies provides equity to the country in all walks of life and ability to earn. Republican economics they tout proudly as Reaganomics is lack luster and boom and bust.
The Democrats never brag like Republicans do. Why?
The S&P 500 is one of the most commonly used benchmarks for the overall U.S. stock market. The Dow Jones Industrial Average (DJIA) was at one time the most renowned index for U.S. stocks, but because the DJIA contains only 30 companies, most people agree that the S&P 500 is a better representation of the U.S. market. In fact, many consider it to be the definition of the market.
The graph to left is the S&P 400. 600 looks exactly the same. They not only returned to previous Obama levels, they exceeded them and never took a dip again. This graph is up to date to July 31, 2015.
Other popular Standard & Poor's indexes include the S&P 600, an index of small cap companies with market capitalizations between $300 million and $2 billion, and the S&P 400, an index of mid cap companies with market capitalizations of $2 billion to $10 billion.
Austerity is never the best route. Investing in the little guy, promoting union stability in representation and local economies always provide growth. Democrats have the best economies, not Republicans. Republican economies reap riches to cronies at the cost of the middle class.
