Comparing Presidents: Ronald Reagan Created 8.0% GDP in His Fifth Year – Obama’s GDP at 1.8% | The Gateway Pundit
Posted by Jim Hoft on Wednesday, June 26, 2013, 11:03 AM
Ronald Reagan and Barack Obama are polar opposites.
Ronald Reagan believed in the American people. Barack Obama believes in big government. Reagan believed that a robust private sector creates national wealth. Barack Obama believes a robust government apparatus creates national wealth. Ronald Reagan slashed tax rates and allowed the private sector to thrive. Barack Obama passed a failed trillion dollar stimulus.
Five years after Ronald Reagan entered the White House the GDP was 8.0%.
Five years after Barack Obama entered the White House the GDP is at 1.8%.
The average GDP during the Obama years is a whopping 1.8%. In other words – a complete disaster.