If you can call "not yet screaming into the abyss at Ludicrous Speed" a "recovery," then I'm forced to admit the term is technically correct. These are positive numbers, not negative, so I guess that's something.
2009 - Q3: 1.6%
2009 - Q4: 5.0%
2010 - Q1: 3.7%
2010 - Q2: 2.4%
(Anyone notice that we seem to have peaked in Q4 of '09?)
How do the first 4 quarters of economic growth during the Obama Recovery compare, for example, to the first four quarters of economic growth during the Reagan Recovery? The economy grew at 8.1%, 9.3%, 8.1%, and 8.5%, respectively. Why such a dramatic difference? Obama is hostile to business, Reagan supported business. Obama is taking over industries, Reagan deregulated them. Obama has huge tax increases planned, Reagan cut taxes.
None of this is complicated. Obama has no idea what he's doing and seems hell-bent on following the failed Keynesian policies that have worked so "well" in Greece.
RTWT at Conservatives 4 Palin.
No comments:
Post a Comment
Intelligent commentary is welcome. Spam will be annihilated. Stupidity will be mocked.