Recovery from the two recessions has been very different. After the Reagan recession the bounce-back was rapid and dramatic. After the Obama recession, it has been anything but rapid and dramatic. In fact there has been some recovery, but as Merline says:
This time around, unemployment is stuck at 9.6 percent, consumer confidence is at a depressing 53.5, and economic growth since the recession ended has averaged a comparatively paltry 3 percent.
The fact that President Ronald Reagan pursued a very different policy course -- one focused on across-the-board tax cuts, spending restraint and deregulation -- will only fuel questions about whether Obama's economic policies are helping or hurting this recovery.I don't have questions about which policy was better. Merline's article is worth your time.
