Reagan’s Recovery at least Three times better than Obama’s Socialist Solution

On April 29th 2015 Jim Hoft shared that Obama’s just like Reagan… Except when he isn’t.

Obama Reagan on Time

Trickle Down Economics versus Trickle Down Socialism

As noted last year – Barack Obama’s economic policies have slowed the economy to a halt when compared with Reagan’s economic recovery. Here is an update with 2015 year end data showing Annual GDP Growth comparisons:

Yr 7 GDP % Change

(Chart by Joe Hoft)

Per updated data reported by the US Dept of Commerce – Bureau of Economic Analysis as of January 29, 2016, the average annual GDP growth rate for Obama in his first 7 years in office is a dismal 2.9%. Reagan’s recovery on the other hand averaged a 7.9% annual GDP growth rate for his first 7 years in office. Reagan’s policies led to an average annual increase in GDP of nearly 3 times that of Obama’s policies.

In addition, as noted last year, Obama’s job growth is also much worse than Reagan’s record with more people being added to food-stamp rolls than the job rolls under Obama.

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