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Old 02-02-2013, 03:55 PM   #63
TonyR
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Join Date: Apr 2008
Location: Mid-Atlantic
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What if Obama had Reagan's government spending?

http://www.washingtonpost.com/blogs/...rss_ezra-klein

Quote:
[T]hese graphs simply establish a basic fact about Obama’s term: While deficits have indeed been high, government spending and investment has been falling since 2010. This is, in recent presidential administrations, a simply unprecedented response to a recession. Just for fun, I took Obama’s GDP growth, netted out the effect of government spending and investment, and then added the total government spending and investment numbers — which include state and local government — from Reagan’s first term. The result is a significantly better economy, with growth since 2010 averaging 3.2 percent rather than 2.4 percent.
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