OBAMA vs. REAGAN on GDP GROWTH — NOT EVEN CLOSE

Obama’s just like Reagan… Except when he isn’t.
obama reagan

Trickle Down Economics versus Trickle Down Socialism

Ronald Reagan’s economic plan saw GDP surge at a 3.5% clip – 4.9% after the recession. That’s a 32% bump.

During the Obama years, thanks to his big government policies, the US economy has stalled. Today the quarterly GDP was announced. The GDP for the first quarter of 2015 braked more sharply than expected at only a .2% pace. The US economy has grown an anemic 9.6% during the Obama years (excluding today’s dismal number).

Of course, Obama’s record on job growth is also much worse than President Reagan’s record.
obama reagan job growth
Net job growth has declined under Obama. By the end of the second year of their terms as president, economic growth under Reagan averaged 7.1% , under Obama an anemic 2.8% . (IJ Review)

And today, more than five years into the tepid recovery, labor-force participation remains at its lowest level since 1978 during the Carter years.

More… The Obama Economic Record: The Worst Five Years Since World War II

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.

 

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