Real GDP Per Capita -- Dead!
Moving Forward -- Without Obama
* By: Larry Walker, Jr. *
Why do I get the eerie feeling that we’ve gotten nowhere in the last four years? The answer is because we’ve gone precisely nowhere with Obama. As the chart above displays, on a per capita basis, real gross domestic product has declined by a cumulative -0.20% during Obama’s four-year term (through Q1 2012).
President’s Ronald Reagan and Bill Clinton both inherited rather weak economies. Each achieved real GDP per capita growth of 1.52% in the first year in office, but by the second year, Reagan’s cumulative GDP had declined to -1.35%, while Clinton’s rate climbed to 4.34%. Yet by the end of the fourth year, Reagan’s policies resulted in cumulative GDP per capita growth of 8.47%, versus Clinton’s 8.19%. Man, whatever Reagan was onto needs to be codified and replayed, over and over and over again. Needless to say, both were overwhelmingly re-elected.
George W. Bush inherited a really crummy economy. After only achieving real per capita growth of 0.08% in his first year, by his fourth, Bush’s policies had grown the economy to cumulative real GDP per capita of 5.06%. And with that, Bush ’43 was easily re-elected.
http://larrymwalkerjr.blogspot.com/2012/05/real-gdp-per-capita-dead.html
[snorf]
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