Wednesday, August 04, 2010

Chart of the day

Richard Rahn compares the results of President Reagan's tax-cutting in response to the early 1980s recession with President Obama's current increase of regulation and government spending via this chart:


Also note there is talk that last quarter's 2.4% GDP figure will be revised downwards.

Update: Paul Krugman cries foul, while Stefan Karlsson says Krugman is wrong.

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