"How do conditions compare locally to when the Reagan administration was asking for a second term. Statistically, have we seen the same kind of recovery from the 2007-to-2009 recession as we did from the 1980-to-1982 recession? Not to ruin the suspense, but the charts below suggest the answer is 'no.' The Miami area enjoyed a much more robust recovery at the end of the Reagan first term than it has under the Obama first term."
—Well, there you have it then.
Wednesday, February 8, 2012
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Whether that has anything to do with either president’s economic policies -- or that of their predecessors -- are questions the ETM can’t answer.
And that's when I clicked...etc.
Well, Miami was the cocaine smuggling/ money laundering capital of the world back in the early 80's so of course the economy was raging.
There are similarities between Obama and Reagan. Both began at the height of a terrible recession, the difference is that the economy dramatically pulled out of the recession and Reagan bulldozed poor old sad sap Mondale. The take away here is that this time around the economy is still languishing and despite what liberals may think, Obama's re-election is very much in doubt.
@Lockheed Ventura Reagan also doubled military spending in the early 80s when he began bankrupting the Soviet Union. Florida ranks #4 in military spending, which has been declining since 2009.
And don't worry, us "liberals" read Nate Silver too.
@Lockheed Ventura As I was falling asleep last night, it hit me -- Romney = Mondale. Then I wake up this morning, read Nate Silver, do spit take... Wednesday, basically.
It's not fair to Obama to look only at Miami and leave out Shenzhen!
I get the feeling that today's going to be a real workout for my fist.
Just look at the rest of the article. ~22% inflation from 1980-1983, ~6% inflation from 2008-2011. Think that might skew these numbers a little bit?
Not a very impressive post from a site that says "Be less stupid".
@marcm Not bad, but if you were just a little bit more "less stupid", you'd get the sarcastic tone of that headline (not to mention the whole point of citing Miami Herald on the story with the tinge of the eighties nostalgia).
@marcm You're nitpicking; Obama's a socialist trying to destroy the American economy and way of life.
-The Republican Base
reagan could hide his own easter eggs, too.
I'm pretty sure most of the Reagan-era payroll bump went to the cast and crew of "Scarface."
Funny enough, the comments on the Herald site aren't that different than the ones here.
And as votes Miami, so votes the nation.
Shouldn't those colors be orange and turquoise?