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:
(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.