In the nearly five years since the Obama recovery started — just - TopicsExpress

In the nearly five years since the Obama recovery started — just months into Obamas first term — real gross domestic product has increased only 10.2%. Thats less than half the average growth rate for every other economic recovery since World War II, and almost a third less than the pace set during the Reagan recovery. Looked at in dollar terms, if the Obama recovery had merely been average, GDP today would be $1.6 trillion bigger than it is. If growth had kept pace with the Reagan recovery, GDP would be $2.2 trillion bigger. The picture is equally dismal on jobs. Obama says more than 8 million have been created since early 2010 — when employment hit rock bottom — but he fails to note that the working-age population climbed almost exactly that amount since then, which is why the worker-to-population ratio remains stuck at three-decade lows. If the job market under Obama had kept pace with the average postwar recovery, 7.8 million more people would have jobs today. Had it kept pace with the Reagan recovery, 13.7 million more Americans would be gainfully employed. coldheartedtruth.blogspot/2014/06/gdp-drops-29.html

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