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04:21 PM
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This Simple Graph Compares Reagan’s and Obama’s ‘Recoveries’
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[quote:Anonymous Coward 52197375:MV8yNTQ1NTQ0XzQ0MTU3MDc1X0ZBMjgxMzU5] There is no money velocity. Period. If you are a hedge fund you get money, if you are John Q Public you get shit. Reagan's time money was made available to everyone, to remodel, purchase homes, buy cars, start businesses etc. You can print all you want and have interest rates close to zero, but if people can't access the money there will be no "recovery". Sorry. [/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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