PANTS ON FIRE....Time to do a little comparing

Time is running out.  The Whispers are  becoming louder. We want to elect those we can trust, yet the information being disseminated is anything but honest.  I decided to "dig" find out where the actual truth lies.  I find it easier to gather the info than put it in a spreadsheet, the details become clear.  President Reagan, whom I voted for, had much higher percentage of debt increase during his Presidency (188.6% increase)  than has President Obama (41.2%).  Reagan's per Capita Average annual debt was 13.1%, Obama 11.2%.  Unemployment hit a high of 10.8% during the Reagan administration, so far has been 10.2% for President Obama.  Even more interesting was the timeline of events that lead up to the Financial Cliff we went over. Deregulation began around 1980, the Financial Regulatory System was gutted between 1980 and 2000 with the bulk of the accomplishment during the "Gingrich Revelution" as it was called, the Republicans controlled both the House and the Senate.  This included the "repeal" of the Banking Act ofd 1933 which set up FDIC in 1999.

More interesting is the Romney record.  He was governor between 2002 and 2006 and did not seek re-election.  He left office with a debt up 36%, with aprx. 222,000 more people were leaving the state than coming into the state.  Unemployment was 4.8% when he took over and 4.7% when he left, with a high of 6% when the National unemployment was only 6.3%.  The labor force was down over $23,000.  This is not a fiscal genious with a great jobs record. We cannot forget that his job (which is not bad for a large corporation but not good for individuals) was to make a floundering Corporation either viable or pull it apart and sell it or its parts so the owner's could regroup or possibly move on to another venture with a different Corporate Name.

US NATIONAL DEBT & INTEREST EXPENSE BY PRESIDENTIAL TERM AS A PERCENTAGE OF GDP											UNEMPLOYMENT			HISTORICAL INFO
President	% OF CHANGE													TIME LINES
	Start	Per Capita	Hi	Per Capita	Low	Per Capita	Yrly Avg	Per Capita	% Change	Per Capita	Took over	Hi	Low
CARTER ‘77-‘81	10.0%	8.9%	10.1%	9.0%	7.1%	5.9%	9.2%	8.1%	42.3%	36.6%	7.5%	7.8%	6.0%	* ’78 Usuary Ceiling Gone * ‘80 Deposit De-Regulation
REAGAN ‘81-‘89	10.6%	9.5%	17.9%	16.9%	9.8%	8.8%	14.2%	13.1%	188.6%	168.2%	7.0%	10.8%	5.0%	* ‘82 De-Reg of Thrifts * ‘87 FSLIC Bank Failures * ‘89 RTC
BUSH 1 ‘89-‘93	10.0%	9.0%	13.9%	12.7%	9.9%	8.6%	11.7%	10.5%	55.6%	49.2%	5.4%	7.8%	5.2%
CLINTON ‘93-‘2001 Republican Senate & House ‘94-2000 (The Gingrich Revolution)	8.6%	7.4%	8.6%	7.4%	(2.0%)	-5.3%	3.9%	2.6%	35.6%	22.5%	7.3%	7.3%	3.8%	* ‘94 interstate banking     deregulated * ‘96 Bank Invest earnings +25% * ‘98 Citicorp merges * ‘99 Banking Act of 1933 set    up FDIC repealed * "00 De-Reg commodities      trading
BUSH II ‘01-‘09	5.0%	3.9%	15.9%	14.9%	5.0%	3.9%	8.3%	7.3%	89.0%	75.2%	4.2%	7.2%	4.2%	* ‘04 Invest Banks hold less    reserves * ‘07 Subprime Mtg Crises * ‘07 Auction Facilities no public     disclosure * ‘08 Bear/Stearns collapse * ‘08 Housing Econ  Recovery     Act * ‘08 Lehman Bros Bankrupt * ‘08 Emergency Economic     Stabalization Act
OBAMA ‘09-	15.1%	14.1%	15.1%	14.1%	4.8%	7.1%	12.2%	11.2%	41.2%	37.6%	7.6%	10.2%	8.1%	* ‘09 Public/Private Investment     Program
ROMNEY ‘02-‘06									36.0%             National		4.8% 5.5%	6.0% 6.3%	4.7% 4.4%	* Labor Force down 23,916 * July 2002-July 2006, 222,000    left for other states  explains the    state’s decreasing uemployment     rate (from 5.6 to 4..7percent) * Gross public debt 2002: 65.3 bil    Gross public debt 2007: 89.3 bil * 2007: left $10,504 in per    capita bond debt, the highest of    any state.

http://www.presidentialdebt.org/