Obama vs. Reagan in Five Charts
NEW YORK (TheStreet) -- Barack Obama should identify with Ronald Reagan's experiences when opponents question the current president's first term.
Three key economic indicators that threaten Obama's hopes in November posed similar problems during Reagan's first four years as commander in chief. Reagan ended up winning in one of the largest electoral landslides in U.S. history.
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| Ronald Reagan overcame a whole term of economic volatility to win in 1984 |
Unemployment, gross domestic product and S&P 500 performance all weigh on investors and voters as they prepare to select a president, so we tracked each indicator's quarterly results during Reagan's and Obama's first-terms.
Quarterly unemployment was above 10% at the end of four straight quarters during Reagan's first term -- the worst quarter-ending rate under Obama has been 9.9% -- but by May 22, 1984, the rate had dropped to 7.8%, or 0.4 percentage points lower than Obama's current rate.
By comparison, Obama's saw the biggest S&P gains early -- it jumped 15.2% during the second quarter of his first year. But the S&P has also experienced double-digit losses in two quarters of Obama's presidency -- an 11.9% drop in the second quarter of 2010 and a 14.3% drop in third quarter of 2011.
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