Reagan inherited a mess, but instead of whining, he got to work and fixed it. It took a couple of years for his policies to take affect, but when they did, the economy did very well.
barry inherited a smaller mess and has made it much worse.
IF we ever get an American president back in the white house, it will take drastic measures to get the economy back on a growth track.
Reagan’s intention was to make America great again after the cluster fork created by Carter.
barry’s intention is to destroy this country.
Different priorities.
“Reagan inherited a mess, but instead of whining, he got to work and fixed it. It took a couple of years for his policies to take affect, but when they did, the economy did very well. barry inherited a smaller mess and has made it much worse.”
I don’t know that Obama inherited a smaller mess but it is certainly much different than the stagflation that Reagan had to deal with.
Reagan’s team correctly deduced that the economy was suffering from a supply constraint. As long as this was the case any increase in the money supply would go to pure inflation. The solution was to shift the supply curve to the right and a program of regulatory relief and tax cuts allowed this to occur.
Obama’s economic program is driven by politics, not by a desire to improve the life of the American middle class. He’s a leftist, a socialist, a small ‘c’ communist, whatever you want to call a politician for whom controlling everybody is the highest goal. He is making the economy worse, but I suspect that he is just fine with that outcome.