CHART OF THE DAY: US Vs. UK Growth

Now the first thing to note is that the US has recovered WAY better than either the Eurozone or the UK. So if you think Obama has been a disaster, you might first acknowledge that the US has performed better than all its major Western peers.

But beyond that, check out the UK line. The UK was recovering on a fine trajectory right up until early 2010, at which point UK growth hit a brick wall.

What happened in 2010? That’s when conservative David Cameron came to power with an agenda of reigning in the debt. Sound familiar?

Basically we have a life test of a country that wants to do what conservatives in the US want to do: reduce national debt.

Doing so is a growth disaster.

 

SOURCE: CHART OF THE DAY: US Vs. UK Growth – Business Insider.