Ultimate American Presidential Throwdown: Reagan Smashes Obama's First 5 Years in Office
Michael Hausam | On 07, Feb 2014
Ronald Reagan and Barack Obama each inherited unemployment rates in the mid 7% range. Both presidents clearly stated their visions of how to address the country’s economic problems.
Comparing the results of their first five years in office, which vision actually worked?
Reagan’s Economic Growth Tripled Obama’s
◾Average GDP growth for Reagan’s first 5 years: 8.8%
◾Average GDP growth for Obama’s first 5 years: 2.7%
Median income under Obama went down
◾Median household income growth for Reagan’s first 5 years: 7.7%
◾Median household income growth for Obama’s first 5 years: -4.8%
National Debt Added After 5 Years
◾National debt added over Reagan’s first 5 years: $1.015 trillion
◾National debt added over Obama’s first 5 years: $6.66 trillion
Reagan’s Job Creation Dwarfs Obama’s
◾Total jobs created in Reagan’s first 5 years: 5,700,000
◾Total jobs created in Obama’s first 5 years: 1,287,000
From Reagan’s 1980 acceptance speech:
“Well my view of government places trust not in one person or one Party, but in those values that transcend persons and parties. The — The trust is where it belongs — in the people.”
From Obama’s 2008 acceptance speech:
“Our government should work for us, not against us. It should help us, not hurt us. It should ensure opportunity not just for those with the most money and influence, but for every American who’s willing to work.”
The conclusion is obvious – unless you’re a Democrat who isn’t very good at math.
Ronald Reagan’s Jokes Remind Us Of His Greatnesshttp://www.ijreview.com/2014/02/113640-reagan-vs-obama-3-simple-steps/