From the article:
Change a few words (Reagan to Obama, Democrats to Republicans, 1984 to 2012) and you have an accurate description of the current political climate. Could the Republicans be as wrong now as the Democrats were then?
The author reveals a complete ignorance of the differences in policies between Reagan and Obama. In 1984, tax rates had been slashed for the country's best wealth creators. Today's President is hell-bent and determined to do the complete opposite.
It's the policy, stupid. A fairer comparison would be Hoover and Obama. Both decided to raise taxes on the greatest wealth creators during an economic downturn. Both decided to implement protectionist trade policies. And both did nothing to coax an increase in investment in America. Perhaps the NYTimes can tell us how that 'appears'.
It’s the policy, stupid. A fairer comparison would be Hoover and Obama. Both decided to raise taxes on the greatest wealth creators during an economic downturn. Both decided to implement protectionist trade policies. And both did nothing to coax an increase in investment in America. Perhaps the NYTimes can tell us how that ‘appears’. ____________________________________________________________
And Roosevelt and Obama. Both increased government spending radically and both have presided over abnormally long recessions.