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![]() On 7-Sep-2010, "nom=de=plume" wrote: i knew we were screwed when the dumb ******* reagon got elected Yeah Carter was doing such a great job. The job growth under the Reagan administration was an average of 2.1% per year. Comparing the recovery from the 1981-82 recession (1983-1990) with the years between 1971 (end of a recession) and 1980 shows that the rate of growth of real GDP per capita averaged 2.77 under Reagan and 2.50% under Nixon, Ford and Carter. However, the unemployment rate averaged higher under Reagan (6.75% vs. 6.35%), while the average productivity growth was slower under Reagan (1.38% vs. 1.92%), and private investment as a percentage of GDP also averaged lower under Reagan (16.08% vs. 16.86%). Furthermore, real wages declined sharply during the Reagan Presidency.[39] Why do so many losers think a president controls "the economy?" That's as stupid as an Obama sticker on a Toyota, and there's LOTS of those. |
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