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This Simple Graph Compares Reagan’s and Obama’s ‘Recoveries’
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[quote:Copperhead:MV8yNTQ1NTQ0XzQ0MTU3MTUzXzIwQkZCRUQ5] [quote:Anonymous Coward 52197375:MV8yNTQ1NTQ0XzQ0MTU3MDg3XzkzQkU2RUJB] [quote:Copperhead:MV8yNTQ1NTQ0XzQ0MTU3MDY5X0VBODU2RTMz] [quote:Anonymous Coward 52197375:MV8yNTQ1NTQ0XzQ0MTU3MDE4X0QyQzNDODYy] [quote:Copperhead:MV8yNTQ1NTQ0XzQ0MTU3MDAwX0M1MDM3MTEx] [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] The Central Bank has been digitizing (Printing) money as fast as they can and shoving it into the system to keep it afloat. What the hell are you talking about? During the Reagan years interest rates were not 0 and I was not getting credit offers in the mail every day. [/quote] That money has not reached the average person. It's called money velocity. [/quote] The average person has access to cheap money if they want right now with the historically low interest rates, unless they are maxed out with borrowed money already. I lived through the '70s and '80s and can tell you the money spigots were not open like they are now. [/quote] :bsflag: [/quote] We bought our acreage in 1985, needed 25% down and no bank wanted to loan us the cash for it. If it was today I could purchase it with little down and get a loan just about anywhere. At the same time all the farmers in the Midwest were struggling and going bust because they could not get the operating capital they needed from the banks. I lived it, and I remember. Access to money is easier today than in Reagans time. [/quote]
Original Message
[
link to www.ijreview.com
]
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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