During the first six quarters of Obama's recovery, GDP growth has averaged just 2.9 percent. During Reagan's, it averaged 6.55 percent. This diagram tells the story.
The GDP numbers for the last quarter were revised down from the previous 3.2 percent estimate to 2.8 percent. Interestingly, there have been multiple downward revisions over the last couple of years.
The GDP numbers for the last quarter were revised down from the previous 3.2 percent estimate to 2.8 percent. Interestingly, there have been multiple downward revisions over the last couple of years.
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Comparing Reagan's Recovery to Obama's
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