Before Reagan took office, the economy was much worse than what Obama faced when he entered. With unemployment soaring into double digits and yet another recession en route in 1982, Reaganomics fixed this. Poverty was increasing to over 15%, roaring double-digit inflation, and a median family income was falling 10%.

Jobs increased like never before. The implemented ideas created over 20 million new jobs for Americans.

By 1989, unemployment fell to 5.3%. This figure was down from 11.2%.

Taxes were cut significantly. The top income tax decreased from 70% to 28%.

In 1989, federal spending decreased to 21.2% of GDP. Despite the Cold War defense build up that ended the Soviet Union, federal spending was still decreased.

Price controls on oil and gas were eliminated. Production subsequently soared, and aided by a stronger dollar, prices were cut in half.

Real per-capita disposable income increased by 18% from 1982 to '89. This means the quality of life increased by almost 20% over the course of 7 years.

Economic growth averaged 7.1% per quarter for the first 7 quarters. Need I say more?

Inflation was reduced from 13.5% to 3.2% within the first 3 years. Carter's disastrous presidency allowed inflation to run out of control to that number in 1980. The tight-money policies that had to be enforced to fix this caused recessions in 1981 and 1982, which is why he isn't blamed for them.

Reaganomics kicked off the greatest economic growth ever seen. Adjusted for inflation, the 25-year economic boom was greater than the previous 200 years combined.

Under Reaganomics there was no recession. For the 92 months until taxes were raised in 1990, not a single recession occured.