“But at this particular moment, only government can provide the short term boost necessary to lift us from a recession this deep and severe.” ~ Barack Obama, George Mason University, January 8, 2009
Good find, Kelly. I turned off the TV early this a.m. when I heard Scarborough’s people gushing about how “Reaganesque” this whole coronation is.
But as pointed out in the article, 0bama’s policies are nothing at all like Reagan’s.
This is gonna be a long four years!
BO would not have been fit to shine reagan’s shoes.
In four years when the US resembles the former East Germany, unemployment and inflation are in double digits, the US dollar is almost worthless and the economy is in shambles maybe people will realize that Reagan was right that government is the problem not the solution.
Keynes is dead. Keynesianism is dead.
One of the most dangerous statements that have been ever uttered in American history.
Who knows? But I see a different outcome in my crystal ball.
We are pretty close to the bottom economically. We are due for the cyclical upswing.
The markets dwarf the government, so they will react independently. But the media will credit whatever dopey actions Obama has taken, in the same way they credited the Bush Administration for the downturn.
Any uptick will be credited to Obama and the Democratic congress, and the congressional election will reflect that misplaced credit. Conversely, should the economy continue to spiral downward, it will all still be Bush's fault, and the media will work to get more democrats elected to help clean up "Bush's mess."
All good news belongs to the Democrats, all bad news belongs to the Republicans. Either way, the Democrats strengthen their congressional majorities.