The chart compares GDP growth in recent quarters with the first ten quarters of the decade of strong economic growth, prosperity and job creation that began after President Reagan’s 1982 tax cuts and deregulation initiatives.
In the forth quarter (October, November, December) of 2011 Gross Domestic Product, the value of all the goods and services the economy produced, rose 2.8%, the Commerce Department reported on Friday. This was better than the previous three quarters, but compared to typical post recession recovery periods it was disappointing at best.
Read more »The Tragedy of The Obama Presidency In One Chart | Liberty Works |
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