In 1980 Ronald Reagan took the reigns of an economy that was in it’s place, far worse than Obama took, and the difference between the two is not that they said their ideas would work, oh no. The difference is their ideas. They are totally opposite in what they are going after, and the effect of them will and has been opposite.
In the first part of 2009, Peter Ferrera, writing for the Wall Street Journal compared Obama’s and Reagan’s policies, concluding that Obama’s policies were opposite of Reagan’s and the effect would be the opposite.
Two years later, he wrote in Forbes that his predictions were coming true. He said: …when Reagan’s presidency began, unemployment had soared to 10.8 percent, three points higher than the 7.8 percent unemployment rate at the start of Obama’s presidency. Reagan inherited double-digit inflation, at 13.5 percent, and double-digit interest rates – 21.5 percent – in 1980. But Reagan cut taxes, cut spending, instituted a strong-dollar monetary policy, and deregulated key sectors of the economy – like energy. The result: the largest economic expansion in history: 94 straight months of growth. 20 million new jobs were created.
It seems that these great days of economic boom are being thought of as something that will never be again, because Obama has a “better plan”. His “better plan” includes raising taxes, which is proven never to work, raise corporate taxes, on an economy that already has the worlds highest, printing more money, which devalues the dollar, and then lying to us telling us that his economic policies will save this nation. Uh, NO. It is just like Peter Ferrara wrote, it will hurt the economy in ways we can only imagine.
And every time that Obama opens his mouth, he shows just that. It would be funny if it wasn’t so stuck on sad. Yesterday, mr. president admonished that the economy would get better if employers would just start hiring. Now that is a great idea, if, there was money to do it. If there was work to do it. If employers could afford to have more employees. This is akin to Fannie Mae and Freddie Mac. Having the banks give home loans to people who couldn’t afford them. And he is doing that again. Telling the banks to start loaning again. Bringing back the sub prime loans. The very things that got us into the mess we are in now folks! And we cannot take our eyes off of these things, and elect the man again. Unbeatable? HA! Get someone to run who has the country’s best interests at heart, who wants to do what Reagan did, and Obama wouldn’t stand a chance for a second term! Get someone to lower taxes. Get rid of some of the ridiculous corporate taxes. Drop some of the regulations on businesses, stop printing money and stop going over the debt ceiling. Cut government spending, and voila! The economy will come back on it’s own. It’s that simple.
Why it isn’t simple for Obama, is easy. He doesn’t want to do that. He wants to obliterate the free market economy we have and put in it’s place a socialistic one. And, socialism will never work because sooner or later, you will run out of other people’s money. And in this economy, it would be sooner rather than later, if Obama is re-elected. This country is in dire need of a real leader. Obama isn’t him.
May God bless our efforts to help get America back, and put God back into our country.
God, Bless America. Bless Americans. And Bless us to start using more common sense.