Reaganomics vs Obamanomics: from prosperity to peasantry

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SURVIVING OBAMA’S NEW DEAL

Congressional Budget Office (non-partisan) says Obama’s stimulus plan will do more harm than good

“Obama’s Trillion Dollar Debt Plan is not a ‘change’ from Bush, it is Bushonomics on steroids.”   [Heritage Foundation 2.6.09]

“Seriously, where has Obama been the last eight years? What does he think got us into this mess? Where does he think those deficits came from? Here are the facts. Before President Bush took office, the federal government took in $2 trillion in revenue in 2000. In 2009, the federal government is expected to take in $2.4 trillion. After eight years under President Bush, the federal government is taking in $400 billion more a year in revenue. So why did Congressional Budget Office project a $1.4 trillion deficit for the 2009 budget? Massive spending increases.”

With even more massive spending increases planned, combined with the inevitable tax increases required, it’s the Titanic all over again.

THE END OF PROSPERITY: How higher taxes will doom the economy
by Stephen Moore, presentation upcoming

http://www.heritage.org/press/events/ev020909a.cfm

“Since the early 1980s, the United States has experienced a wave of prosperity almost unprecedented in history in terms of wealth creation, new jobs, and improved living standards for all. * During the past quarter century, Americans changed the incentive structure on taxes, inflation, and regulation, and as a result the economy roared back to life after the anti-growth, high-inflation 1970s.

Now the rest of the world is following the American economic growth model of lower tax rates, more economic freedom, and sound money. Paradoxically, one country is moving away from these growth policies and putting its prosperity at risk – America.

Economist Stephen Moore of The Wall Street Journal editorial board and his co-authors Arthur Laffer and Peter J. Tanous provide the factual information every American needs in order to understand exactly how we achieved the prosperity many people have come to take for granted. The End of Prosperity examines how all Americans face the risk of losing the exceptional standard of living that has made us the envy of the rest of the world if the pro-growth policies of the last twenty-five years are reversed and abandoned.”

Post Script by Ann Coulter 2.6.09

“You know what really irritates me about liberals? (Besides the fact that they’re spineless little girls in pretty dresses who can’t play rough because it musses up their hair…)

They always think liberalism fixes the problem — even when it was liberalism that caused the problem in the first place!

Case in point, the Financial Meltdown of 2008 (and counting). To hear liberals tell it, it all goes back to Ronald Reagan — who with his seductive “B-actor” charm fooled America into thinking that by slashing taxes, regulation, and government spending we could unleash free enterprise and create a new wave of prosperity.

Sure, liberals concede, that seemed to work for, oh, the better part of three decades, but now we’re paying the price for all that “greed.” The solution? A return to the pre-Reagan policies of Jimmy Carter, LBJ, FDR… Speaking of which, what will victory look like in the “War on Poverty”? When are they going to produce an “exit strategy” from that quagmire?

Unfortunately, the facts — as always when you’re talking about liberal theories — tell a different story. A story in which all the major villains, it turns out, have one thing in common: government.

That’s right. From the “Community Reinvestment Act” that pressured banks into affirmative-action lending, to those “government-sponsored enterprises” Fannie Mae and Freddie Mac — who bought up all the resulting subprime loans and repackaged them as “investment grade” securities — the greasy thumb-prints of government were all over this fiasco from beginning to end.

But those, as I say, are facts. And facts have no place in the fantasy world of Democratic policy-makers. Nor does history — true history, that is, as opposed to the public-school propaganda that teaches, for instance, that FDR’s New Deal got us out of the Great Depression, when in reality it only deepened and prolonged it.”

And Obama’s economic policies will prolong and deepen this economic crisis.

McConnell: There’s plenty of room to cut wasteful spending

More vital information:  The Greatest Story Never Told: Today’s Economy in Perspective *

Read what the former comptroller general predicts:  Days of complete government irresponsibility

Finally, an excellent, common sense insight:

 “When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is about the end of any nation.You cannot multiply wealth by dividing it.” 

Dr. Adrian Rogers, 1931–2005

REAGAN MEMORIAL: Most wonderful photo essay

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2 Responses to Reaganomics vs Obamanomics: from prosperity to peasantry

  1. […] https://allanerickson.wordpress.com/2009/02/06/reaganomics-versus-obamanomics/ Possibly related posts: (automatically generated)Two Thirds of Americans disapprove of Obama’s abortion policies […]

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