Reagan Versus Obama Recovery: 5.85% Annual Household Income Growth Versus 1.10%

Confounded Interest ^ | 08.03.2016

[ameribbean expat]

The BIG difference came in the form of median family income. Reagan’s economy grew at an average rate of 5.85% from 1981 to 1989. Obama;s economy grew at an average rate of 1.10% from 2009 to 2015 (2016 hasn’t ended yet, but it looks like that average of 1.10% will be lowered by the end of 2016).

[ameribbean expat]

Obummer's going to have a much more difficult post-presidency than he thinks. Not a W fan, but he's done the right thing by letting the dust settle.

[Farmer Dean]

Any income gains we made here were wiped out by huge property tax increases.

[fhayek]

...and your share of the national debt.

[exDemMom]

Why do writers keep sticking the word “recovery” after “Obama” when writing about the economy? Calling it that over and over does not make it so. If you could make something true just by saying it over and over, it would be easy to become a millionaire...

[Grams A]

Not sure what state you are in but down here in Texas in the Houston suburbs the cost of homes on the market has gone way beyond realistic. So not only will taxes go through the roof because of increased appraisals but regular and wind insurance is going to climb at an alarming rate. Not sure where the money is going to come from.

[Farmer Dean]

I’m in Ohio.They’re taxing the life out of us farmers here.

[Grams A]

Farmers are the salt of the earth. I was fortunate to live on a very small farm in Kansas until I was twelve. Hard life sometimes but the rewards are monumental. Too bad most kids today don’t have the opportunities that I did. Hang in there and thanks for all you do.

[WilliamofCarmichael]

I think the problems settled in before Obama. It's been awhile since we've had business cycles like I remember over the decades.

I created a "graph" from the Bureau of Economic Analysis' national income and product accounts (NIPAs) Table 1.5.2. Contributions to Percent Change in Real Gross Domestic Product, Expanded Detail (both annual and quarterly). Though crude it shows that the economy recovered and grew in the past but no longer does that. Yes we all know that; but here is a "picture" literally backed by Table 1.5.2 numbers.

Table 1.5.2 data are there but you have to hover the columns to see the data behind the simple color and symbol codes.

scroll down to the table

[hattend]

Reagan had a recovery.

Obama’s hasn’t started yet.