The Patriot Post® · A Reagan Recovery

What difference does a leader make? In 1982, the American economy also went through a recovery. At that time, however, the nation was led by President Ronald Reagan, and the economy grew at a 4% rate. Fast-forward to Barack Obama’s “recovery,” and the economy pulled itself up at a rate of 1.9% in 2013. Stephen Moore, chief economist at the Heritage Foundation, writes, “The Obama expansion is now $2 trillion short of where we would be if growth in this recovery had matched the Reagan recovery that started in 1982. That is to say the average family would have about $5,000 more income each year to spend if it were not for this slow recovery.” In other words, the negative economic growth we experienced in the first quarter of 2014 wasn’t because of the snow; it was because of Barack Obama’s incompetent leadership. More…