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Politics : PRESIDENT GEORGE W. BUSH
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To: American Spirit who wrote (416844)6/20/2003 10:08:59 AM
From: Neocon  Read Replies (1) of 769670
 
When the Reagan economic program took effect in 1982, the economy took off and never looked back, growing at an average annual rate of 4.3%. As a comparison, average annual growth for the twelve years from 1990-2001 (since Reagan) was 2.95%, for 1991-2001 (previous trough to peak) it was 3.05% and for 1992-2001 (the last expansion) it was 3.4%. So the Reagan expansion growth was better than the last expansion by almost a full percent per year and the growth for all the Reagan years was greater than the growth since by half a percent. That's a lot of support for the claim that Reagan's policies have produced the best growth in a generation. (The average growth for the eight Clinton years was 3.55%, and it was part of the last expansion period.)

Data from the Bureau of Economic Analysis

reagan.webteamone.com
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