... the Obama Recovery stinks. Even if today’s GDP report—for the fourth quarter of 2011—shows 3 percent growth or better, it would be just the fourth time that has happened since the economy began turning up in June 2009: 3.8 percent in the fourth quarter of 2009, 3.9 percent in the first quarter of 2010, and 3.8 percent in the second quarter of 2010. But no 3 percent-plus quarters since then.
The first nine quarters of the Reagan Recovery, by contrast, looked like this: 5.1 percent, 9.3 percent, 8.1 percent, 8.5 percent, 8.0 percent, 7.1 percent, 3.9 percent, 3.3 percent, 3.8, percent, 3.4 percent. In fact, the Reagan Boom went from the first quarter of 1983 until the second quarter of 1986 without notching a sub-3 percent GDP quarter.
So, while the Reagan Recovery quickly made up for lost years of growth, not so much for the Obama Recovery, as this chart in today’s Wall Street Journal makes clear: _American
The housing market, which has historically helped lead the economy out of recession, remains deeply depressed. Many business leaders say they are also being held back by policy-related uncertainty...the threat of new regulations and higher taxes.... Recent economic research has given some weight to those complaints. A study by a trio of academic economists found that policy uncertainty has risen in recent years, and that periods of uncertainty have in the past corresponded with rising unemployment and slowing growth. _AmericanEverything about the Obama regime seems constructed to hamper private, voluntary economic activity. As a disciple of socialist radical Saul Alinsky, Barack Obama is something of the anti-America President. At least, he is opposed to the enlightenment principles of individual freedom embedded in the US Constitution which have allowed the US to prosper so well, for so long.
When contemplating the type of regime Obama wishes to put in place of what the US Constitution formerly permitted, it is best to hope for the best, but prepare for the worst.
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