Opposites
Published: May 9th, 2011
By: Tom Morgan

Opposites

It is pretty easy to predict what you are going to hear from the President the next many months. Once the Osama bin Laden thing is behind us.

You will hear the same from the Vice-President. And from anybody from the administration who gets near a camera or microphone or op-ed page.

You will hear and read “This has been the worst recession since the Great Depression.” “This has been an unprecedented recession we have had to recover from.”

Sorry, but it has not been. The so-called Reagan Recession in the early 1980’s was just as bad. It lasted just about as long. It destroyed millions of jobs. It wiped out businesses galore. It ran unemployment higher than the most recent recession did.

Why then will the President be telling us our recent recession was the most horrible? Because his economic policies have flopped. They have led us to an anemic recovery. Reagan’s policies worked. They led to a robust recovery.

Reagan’s medicines for recovery were simple: Restrain spending. Lessen regulation on business. Cut taxes, especially for small business people. Promote the free market economy. Heap praise upon our entrepreneurs and businesses and economic system.

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Obama’s medicines were the opposite: Increase spending phenomenally. Increase regulations a lot. Grow government. Threaten repeatedly to increase taxes, especially on small business people. Criticize the free economy. Browbeat and make villains out of business leaders and industries.

Their policies could hardly be more opposite. The results could hardly be more opposite.

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