How's that "Middle Class Economics" working out for ya?
To get the economy moving again, President Reagan cut taxes, simplified the tax code, reined in regulations, kept spending under control, and generally treated government as more of a problem than a solution to many of the country's troubles.
Obama promised to set the country on a new and different course, and has been doing a bang-up job of it ever since. He boosted spending, raised taxes, vastly complicated the tax code, unleashed federal regulators and massively expanded the entitlement state with ObamaCare.
And how did these two visions work out?
In the first five years of the Reagan recovery, the economy grew 4.6% a year on average. Under Obama, it's been a paltry 2.2%.
Employment had climbed more than 18% by this point in Reagan's recovery. Under Obama, it's a mere 7.2%.
Looked at another way, the growth gap between Obama's economic policies and Reagan's is now $2.4 trillion in lost GDP and a stunning 14.4 million in lost jobs.