Each time that the jobs report is released, the White House posts its spin about what it means. This is from the most recent post about the jobs report:

As our economy continues to make progress, there’s a lot more work to do. Though December’s job growth was less than expected, we continue to focus on the longer-term trend in the economy – 2.2 million private sector jobs added and a 1.2 percentage point decline in the unemployment rate over the course of 2013. Today’s numbers are also a reminder of the work that remains, especially on one of our nation’s most immediate and pressing challenges: long-term unemployment.

What’s interesting is that chronic unemployment doesn’t happen during robust economic recoveries. This chart will cut through the Obama administration’s spin:

According to the Minneapolis Federal Reserve’s statistics, the increase in GDP for the 17 quarters after the 1981 recession was 23.1%. For the 17 quarters since the end of the recession in Q2 of 2009, the gain in GDP has been 10.3%. You can’t see the 17-quarter gain for the Reagan recovery because the growth literally went off the chart.

This isn’t a nostalgia post. Quite the contrary. It’s a comparison between President Reagan’s pro-growth, low taxation, low regulation policies and President Obama’s policies of crippling regulations and major tax increases. The statistics speak for themselves. This chart speaks for itself, too:

According to that graphic, the annualized GDP growth under Reagan topped 7% for 5 straight quarters, with a high of 9.3% for Q3 of 1983.

At the same time during the Great Stagnation under President Obama, annualized growth rates were 3.9%, 3.8%, 2.5% and 2.4%. In short, the Great Stagnation’s statistics indicate that economic growth has been pathetic. President Obama won’t face the voters again but the people who voted for his economic policies will face the voters next November. Every person who voted for the Obama budget is a Democrat. They can talk all they want about preventing another Great Depression with the stimulus but that’s speculation at best.

The recession Reagan inherited was deeper and had more perils to be fixed. America’s industrial infrastructure was crumbling. People were speculating whether the Big 3 automakers would forever trail the Japanese. Those same people wondered if Japan and Germany would be the new economic superpowers.

The Kemp-Roth tax cuts included capital gains tax cuts, which helped Detroit rebuild their assembly lines. In less than 3 years, Detroit was humming with activity.

That was only part of America’s problems. They faced high unemployment and even higher inflation. Thanks to President Reagan’s pro-growth tax and regulatory policies, millions of jobs were created. The unemployment rate dropped dramatically because people got great jobs, not because people quit looking for work. Inflation dropped, too.

Five years after the banking crisis, the economy is still struggling. The jobs being created are mostly part-time jobs. Median household income has dropped. Regulatory burdens are adding crippling compliance costs. Instead of using their profits to create jobs, small businesses are spending that money complying with Washington’s insane regulations.

Reaganomics worked because it gave businesses an incentive to take chances. That’s the only time-tested method for lifting people out of poverty and for turning the middle class into entrepreneurs. President Reagan understood that. President Obama doesn’t.

If a picture is worth a thousand words, these graphs and charts are worth a few chapters in a book because they show which policies worked and which policies are failing.

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