By Kenneth Spence at The Foundry
President Reagan cut marginal tax rates. President Obama has hit Americans with a mess of concealed taxes.
President Reagan brooked no nonsense from a striking air traffic controllers. President Obama has strengthened the positions of federal and state employee unions and staged a spectacular auto bailout which preserved the very union contracts that had crippled the industry.
President Reagan reduced the regulatory burden, freeing businesses to recover. President Obama has done the opposite, taking the opportunity afforded by the recession to increase the burdens of U.S. business.
President Reagan lightened the federal government’s grip on state governments by reducing its place in their budgets. President Obama has worked tirelessly to control state expeditures from Washington.
One president freed the American people to drive their economy forward and make up for lost ground. The other has shackled them with more government and more debt. The generation that benefited from Reagan’s leadership is not leaving its children the same bequest.
[ Be sure to read the rest here. It includes a great interactive graph to compare recessions. An even more extensive look at that graph and other graphs about recessions are available at the Federal Reserve Bank of Minneapolis in The Recession and Recovery in Perspective. – JS ]
No comments:
Post a Comment