Friday, September 10, 2010

Reaganomics v. Obamanomics

Larry Elder

Larry Elder.
©Creators Syndicate

President Reagan, in the early '80s, inherited an economy with 13.5 percent inflation, 21 percent prime interest rates, and an unemployment rate that reached 10.8 percent. He addressed this by doing the opposite of what Obama has done.

So Ronald Reagan inherited a bad economy. He had every right to point fingers and blame the previous administration, but did he? What was Reagan's response to the economic woes of the nation? He rolled up his sleeves and got to work on bringing the economy back, exactly the opposite of Obama. Reagan did the job he was hired to do by the American public. What is Obama doing? What kind of job evaluation would he get from his employers (we the people)? Obviously his poll numbers are telling us what type of evaluation he is getting. Two thumbs down. He gets a failing grade. He would be ejected from college. Basically its all bad.

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