The real difference will be the aftermath. With Reagan we worked our way out of it. With Obama’s policies we may never get out of it.
Hey, America will prevail, and Obama won't. OK, neither of us can say for sure what the future holds, but the fact is America is not nearly as helpless as everyone says it is and Obama is not nearly as powerful as he says he is.
You can not compare the situation now with the 80’s. Inflation was the problem...the upper tax bracket was what 80%? We are in a deflationary period now...apples and oranges. What worked in the 80’s probably won’t work now. I have heard conservative economist state that the only solution is to throw money at the problem and pray we make it to inflation.