Reagan inherited an economy worse than Obama did
- 2009/12/18 20:22:24
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Obama keeps saying this is the worst economy since the Great Depression. Sure, if you ignore the economy that Jimmy Carter handed over to Ronald Reagan in 1981, then it's the worst since the Great Depression.
Too bad Obama isn't a smart person who cares about improving the economy for average Americans (just unions and the public sector) otherwise he would have learned from history how to cure recessions. Reagan massively cut taxes, regulations, and the size of government, which resulted in a 26 year economic expansion and created 21 million jobs.
Instead, Obama is taking a page from the failed Great Depression model of FDR, which prolonged the Great Depression to 8 years.
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