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Trivia Tidbit of the Day: Part 906 -- Reagan's Recovery Versus Obama's Non-Recovery.

This Is What Recovery Looks Like-

I've seen some pundits prognosticate on the boob tube that Barack Obama is in about the same position Ronald Reagan was in in 1982. The economy was struggling. Republicans lost seats in Congress. And then he roared back to one of the largest landslide victories in history in 1984.

Well, some differences. In the Reagan administration, at this time, job recovery was under way:

According to The National Bureau of Economic Research, the Great Recession began in December 2007, lasted 18 months, and ended in June 2009. The last recession that lasted this long began in July 1981, lasted 16 months, and ended in November 1982.

....

At this stage of the Reagan recovery, unemployment had fallen more than three full points, from 10.8% to 7.7%. By contrast, under the Obama recovery unemployment has actually risen almost a half a percent from 9.4% to 9.8%.

Heritage offers a few reasons the recoveries are different.

UPDATE: No wonder most Americans believe they're worse off under Obama.

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Posted by Will Franklin · 9 December 2010 09:44 AM

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