Updated analysis recession recovery U.S. vs. Canada and; Obama vs. Reagan


Canada’s Recovery vs. UNITED STATES’ Recovery
U.S. ranking has fallen from #1 in 2008-2009 survey to #7 in 2012-2013
survey in the World Economic Forum’s Global Competitive Index: www.weforum.org
Both recessions were preceded by U.S. federal minimum wage increases
1974 25%, 1975 5%, 1976 9.5%, 1978 15.2%, 1979 9.4%, 1980 6.9%, 1981 8.1%
2007 13.6%, 2008 12%, 2009 10.7%
S.T.R.I.V.E. PREFERS A LOWER FEDERAL MINIMUM WAGE WITH COUNTIES AND CITIES SETTING THEIR OWN MINIMUM WAGE
Assumes each country has 16 trillion to remind you of U.S. national debt balance starting beginning of recession.
OBAMA US GDP UNITED STATES CANADA GDP CANADA
RECESSION BEGINS  % CHANGE $16,000,000,000,000  % CHANGE $16,000,000,000,000 Canada lowered top
QTR 3 2008 -3.70 $15,408,000,000,000 0.09 $16,014,400,000,000 Central Government
QTR 4 2008 -8.90 $14,036,688,000,000 -0.79 $15,887,886,240,000 Corporate tax rate
QTR 1 2009 -6.70 $13,096,229,904,000 -1.80 $15,601,904,287,680 from 22.12% to 15%
QTR 2 2009 -0.70 $13,004,556,294,672 -0.71 $15,491,130,767,238
QTR 3 2009 1.70 $13,225,633,751,681 0.22 $15,754,479,990,281 U.S. has highest
QTR 4 2009 3.80 $13,728,207,834,245 1.21 $15,945,109,198,163 Corporate tax rate
QTR 1 2010 3.90 $14,263,607,939,781 1.40 $16,566,968,456,891 among industrialized
QTR 2 2010 3.80 $14,805,625,041,493 0.60 $16,666,370,267,632 countries
QTR 3 2010 2.50 $15,175,765,667,530 0.40 $16,733,035,748,703
QTR 4 2010 2.30 $15,524,808,277,883 0.80 $16,866,900,034,693 Top priority of
QTR 1 2011 0.40 $15,586,907,510,995 0.90 $16,934,367,634,832 S.T.R.I.V.E. is to
QTR 2 2011 1.30 $15,789,537,308,638 -0.10 $16,917,433,267,197 lower U.S. Corporate
QTR 3 2011 1.80 $16,073,748,980,194 1.00 $17,086,607,599,869 tax rates
QTR 4 2011 3.00 $16,555,961,449,600 0.50 $17,172,040,637,868
QTR 1 2012 2.00 $16,887,080,678,592 0.50 $17,257,900,841,057 Canada is winning
QTR 2 2012 1.70 $17,174,161,050,128 0.50 $17,344,190,345,262 -$170,029,295,134
U.S. has fallen from 5th to 10th, Canada has risen from 7th to 6th since 2008 in Heritage’s ranking of Economic Freedom
REAGAN US GDP UNITED STATES CANADA GDP CANADA
RECESSION BEGINS  % CHANGE $16,000,000,000,000  % CHANGE $16,000,000,000,000
QTR 2 1980 -7.90 $14,736,000,000,000 2.00 $16,320,000,000,000 U.S. lowered top
QTR 3 1980 -0.70 $14,632,848,000,000 1.30 $16,532,160,000,000 individual tax rate
QTR 4 1980 7.60 $15,744,944,448,000 1.80 $16,829,738,880,000 from 70% to 50%;
QTR 1 1981 8.60 $17,099,009,670,528 3.40 $17,401,950,001,920 doubled depreciation
QTR 2 1981 -3.20 $16,551,841,361,071 4.60 $18,202,439,702,008 deductions on real estate
QTR 3 1981 4.90 $17,362,881,587,764 3.90 $18,912,334,850,386 instituted 10%
QTR 4 1981 -4.90 $16,512,100,389,964 2.20 $19,328,406,217,095 investment tax
QTR 1 1982 -6.40 $15,455,325,965,006 -1.30 $19,077,136,936,273 credit
QTR 2 1982 2.20 $15,795,343,136,236 -3.10 $18,485,745,691,249
QTR 3 1982 -1.50 $15,558,412,989,193 -3.30 $17,875,716,083,438 Tax policy solved
QTR 4 1982 0.30 $15,605,088,228,161 -3.70 $17,214,314,588,351 the problems then
QTR 1 1983 5.10 $16,400,947,727,797 -1.30 $16,990,528,498,702
QTR 2 1983 9.30 $17,926,235,866,482 2.00 $17,330,339,068,676 S.T.R.I.V.E. tax policy
QTR 3 1983 8.10 $19,378,260,971,667 4.00 $18,023,552,631,423 solves today’s problems
QTR 4 1983 8.50 $21,025,413,154,259 6.20 $19,141,012,894,571
QTR 1 1984 8.00 $22,707,446,206,600 6.50 $20,385,178,732,718 U.S. won
QTR 2 1984 7.10 $24,319,674,887,269 5.90 $21,587,904,277,948 $2,731,770,609,321
Net U.S. recovery differences $7,145,513,837,141 $4,243,713,932,686
REAGAN’S POLICIES BETTER BY 7 TRILLION
S.T.R.I.V.E. FOR AMERICA SEE BLOG: striveforamerica.wordpress.com
Comments please: striveforamerica@gmail.com   call 703-477-0992
STRATEGIC TAX REFORM INCENTIVIZING VALUABLE EMPLOYMENT- S.T.R.I.V.E.
S.T.R.I.V.E. tax policy authored by Gerald R. Geddes, C.P.A.

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