Saturday, February 6, 2010

Ride With Reagan

Happy Birthday Mr. President. If only you could ride in and help us sideswipe the looming catastrophe (yes, Dick Morris was right) the current administration is leading us toward. If only those in charge would look, you provided us the playbook on most current issues from healthcare to stimulating economic growth.

While there are those who are demeaning your legacy, including left wing economist Paul Krugman, it is quite clear your ideologies across the board helped put this country on very sound footing.

Famed economist Arthur Laffer described the four pillars of Reaganomincs: sound money, taxation, regulation and the role of the United States economy in the global economy. After reviewing them, ask yourself how we are doing in these areas today? Well, our borderline uncontrollable debt is unsustainable and the dollar is very weak. The administration is raising taxes all over the place in the midst of a horrific economic climate while expanding entitlement programs and placing untold regulatory constraints on industries, corporations and small business owners. We are embracing protectionism and placing trade barriers up, which of course limits economic growth.

Look around. I'll take my BS in Economics and saddle up with Reagan and Laffer and leave Krugman in the dust heap of history!

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