Reaganomics vs. Obamanomics

The current president wants higher taxes, more regulation, more spending and loose money.

The Wall Street Journal

By PETER FERRARA

In his inaugural address, President Barack Obama said, "The question we ask today is not whether our government is too big or too small, but whether it works -- whether it helps families find jobs at a decent wage, care they can afford, a retirement that is dignified." Or as administration spokeswoman Stephanie Cutter said in January, the touchstone is, "What will have the biggest and most immediate impact on creating private sector jobs and strengthening the middle class? We're guided by what works, not by any ideology or special interests."

Unfortunately, this rhetoric is not true. Mr. Obama's economic policy is following not what has been proven to work but liberal ideology.

The best way to understand this is to compare what's being proposed now with what Ronald Reagan accomplished. In 1980, amid a seriously dysfunctional economy, Reagan campaigned for president on an economic recovery program with four specific components...

Ronald Reagan saw this for what it was decades ago!

“…this program, I promise you will pass just as surely as the sun will come up tomorrow. And behind it will come other federal programs that will invade every area of freedom as we have known it in this country until, one day, as Norman Thomas said, we will wake to find that we have Socialism. And if you don’t do this, and I don’t do this, one of these days, you and I are going to spend our sunset years telling our children, and our children’s children, what it once was like in America, when men were free.”
–Ronald Reagan, 1961