How Obama’s Recovery Compares to Reagan’s Recovery

The Daily Signal reports:

The tepid growth rate so far in 2015 merely extends the track record of the 23 quarter post-Great Recession recovery. The annualized growth rate of 2.24 percent dead last compared to the six other recoveries since 1960, which averaged 3.97 percent after 23 quarters. This translates into nearly $1.7 trillion (in constant 2009 dollars) in absent economic growth.

But the more amazing comparison is that of the Reagan—which trounces this current so-called recovery. That recovery’s sizzling 4.8 percent annualized growth through 23 quarters was more than twice the rate of the current recovery. In other words, for every $1 of economic growth experienced during the present time, the Reagan recovery produced more than $2. As a result, the Reagan recovery gap now stands at a record $2.48 trillion of real annual GDP (in 2009 dollars). The economy is now more than 15 percent smaller than it would have been with Reagan style growth.

Facts are stubborn things.