In his lifetime, Ronald Reagan was such a cheerful and invigorating presence that it was easy to forget what daunting historic tasks he set himself. He sought to mend America's wounded spirit, to restore the strength of the free world and to free the slaves of Communism.
Obama says the economy is the worst since the Great Depression. Actually, it is the worst since the Reagan recession of 1982-83. Further, the 2009 market crash is not the worst since 1929 but since 1987-also on Ronald Reagan's watch. Reagan did the exact opposite of Obama's massive government spending infusions. In fact, it's worth noting that Bill Clinton-listen up, Democrats-didn't invoke Obama's method when he faced recessions at the very start and end of his presidency.
Reagan's prescription rested on four pillars: tax cuts, deregulation, reductions in the rate of government spending, and a stable, carefully managed growth of the money supply. With the economy freed, Reagan was confident it would bounce back. Reagan let the economy correct itself and made a statement that would become famous; the government is not the answer to your problems, it is the cause of your problems.
Reagan understood that lying to the American people would gain you nothing, but telling the American people the truth, would save America. Ronald Reagan increased the deficit by 35 percent in eight years, whereas Barack Obama has increased the deficit by 450 percent in eight weeks.
The entire world respected Reagan, and now under Obama, the entire world see America as a joke. Tune in Thursady morning at 11:am EST, there is much more.
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