Sunday, October 30, 2011

Reagan's Recovery vs. Obama's "Recovery"

The media is truncating the latest GDP report, which shows a mild improvement in economic growth.  Aside for the fact that the internal numbers of the report aren't nearly as promising as the top-line 2.5% figure, the historical context of such a lackluster recovery is jarring.  Compare our current economic recovery to the same time period following the 1981 recession during Regan's presidency:

 (Courtesy of Market Watch)


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