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This Simple Graph Compares Reagan’s and Obama’s ‘Recoveries’
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[quote:Anonymous Coward 52197375:MV8yNTQ1NTQ0XzQ0MTU2OTQ0XzExNkYyQ0U2] During Reagan's time the Federal Reserve issued everyone credit, during Obama's time the Federal Reserve shut the door. Simple. [/quote]
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link to www.ijreview.com
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Job growth has declined under Obama. And 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%.
So, how did Reagan manage it? Across-the-board tax cuts, non-defense spending cuts, a restrained monetary supply, and deregulation.
What’s Obama done? Tax increases, spending increases, a massive money-supply increase through “quantitative easing,” and an explosive increase in regulations.
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