Obamanomics or Reaganomics?

As we celebrate Ronald Reagan’s birthday let’s remember why he was the most popular President in 70 years.

We begin a second post with this Obama quote from the State of the Union message:

We can’t afford another so-called economic “expansion” like the one from the last decade –- what some call the “lost decade” -– where jobs grew more slowly than during any prior expansion…

After presiding over rapidly shrinking employment for the entire first year of his Presidency, Barack Obama is hardly in a position to sneer at the ten million new jobs that were created from 2002 – 2007.

All the data, comparing the previous recession with the current recession is in the post before this one.

But, it’s true that employment grew faster during previous expansions, especially during the Reagan Administration. Like President Obama, President Reagan inherited a deep recession.  But after his first four years, voters were so impressed they reelected Reagan in the largest Electoral College landslide in American history.  President Obama does not appear to be on track for such an outcome.

Perhaps Obama should consider changing his strategy and adopt the successful policies of the Reagan Administration.