- Reagan’s Recovery ushered in a 25-year economic boom. Obama's Economy ushered in "The New Normal" - perpetual 10% real unemployment, millions of underemployed, higher energy costs, lower incomes, record food stamp recipients, etc.
- The poverty level fell from 15% to 11% under Reagan despite budget cuts to the programs. Under Obama, we are back to 15% in 2010 up from 14% in 2009.
- Reagan’s Recovery cut top tax rates. Obama plans to raise them by not renewing the Bush tax cuts.
- During the 12 years prior to Reagan, America created 1.3 million jobs per year. During Reagan years – 2 million per year. Under Obama, the workforce has shrunk by some 6 million jobs.
For those of you who want to bash Republican Presidents for their favorable treatment of "the rich", consider these facts spanning the presidencies of Reagan, Bush 41, Clinton and most of Bush 43:
- In 1979, the top 1% of income earners paid 18% of all federal taxes. By 2006, they were paying 39%.
- In 1979, the top 10% of income earners paid 48% of all federal taxes. By 2006, they were paying 73%.
- In 1979, the top 40% of income earners paid 85% of all federal taxes. By 2006, they were paying 98%.
- In 1979, the bottom 40% of income earners paid 4% of all federal taxes. By 2006, they were RECEIVING 3% in direct payments.
