You do of course know that not one of those presidents created job one in the private sector for anyone.The speaker tonight also stated about how many jobs Reagan created, didn't mention Clinton almost doubled his numbers.(numbers are in thousands)
Ronald Reagan R 1981–1985 +5,322 +1.43%
Ronald Reagan R 1985–1989 +10,780 +2.69%
George H. W. Bush R 1989–1993 +2,593 +0.60%
Bill Clinton D 1993–1997 +11,507 +2.52%
Bill Clinton D 1997–2001 +11,233 +2.24%
George W. Bush R 2001–2005 -13 -0.00%
George W. Bush R 2005–2009 +1,129 +0.21%
Barack Obama D 2009–2013 +1,208 +0.23%
taken from http://en.wikipedia.org/wiki/Jobs_created_dur...
If you are going to present credit to someone that credit needs to first and foremost to one Paul Volcker. He was Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States during the 1970s and early 1980s. Mr. Volcker had the guts to wring the inflation out of the economy so real growth could once again sustain itself.
Following the monetarist teachings of influential University of Chicago economist Milton Friedman, Volcker resolved to "slay the inflationary dragon" by sharply curtailing the growth of the money supply. That monetary contraction, imposed starting in 1980, succeeded in its primary objective; the inflation rate fell from a devastating high of 13.5% in 1980 to just 3.2% by 1983.19 However, it also produced a sharp jump in real interest rates that contributed to the brutal recession of 1981-82. The national unemployment rate exceeded 10% throughout 1982, rendering more Americans jobless than at any time since the Great Depression.(Not coincidentally, President Reagan's public approval rating bottomed out at just 35% that same year.)
To his great credit, however, Reagan stuck by Volcker even when it would have been politically expedient for him to pressure the Fed Chairman to expand the money supply to provide a short-term boost to the economy. Both men's patience paid off after 1983, when—with inflation under control at last—the economy began growing again. That growth continued, unabated, through the rest of Reagan's two-term presidency, marking the longest peacetime period of unbroken economic expansion yet seen in American history.(An even longer boom would occur a decade later, during a Bill Clinton presidency that largely followed Reagan's lead in economic policy.) Overall, between 1981 and 1989, real GDP per capita increased by nearly 23%; in the same span of time, the value of the stock market more than tripled.
That burst of twenty years of effectively sustained growth was the result of the foundation laid by Mr. Volcker and Mr. Reagan. The Clinton "boom" was also the beneficiary of the Congressional elections of 1994 when Republicans began control of the House for more than two years for the first time since 1931. The Clinton boom most surely would never have occurred had not Reagan stayed the course in 1981 and 1982.
The economy works best when the central planners are left out in the cold.