12-12-2009, 06:42 AM
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CC Member
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Join Date: Feb 2009
Posts: 1,696
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Wow..what a discussion this is turning out to be. How can the two of them be compared considering what has happened in the last 25 years of our economy?
Reagan had it relatively easy. All he had to do was get the AMERICAN economy afloat again. Obama has to try to get the world started again...and you can't spend American dollars to do that. The problem is, many of the jobs that were created under the Reagan Administration do not exist anymore. They were manufacturing jobs created by his building a large military structure. Want Obama to get the economy started? Simple thing to do...start another multi-trillion dollar war like Bush did and our economy will take off like a rocket again. Of course, we'll have to borrow another $5 trillion to pay for it all, but we'll be booming.
Sorry...but the age of Wal-Mart arrived in/about 2000. A huge part of our economy is now based on pencil pushers and service work, so getting this economy going again is going to be really tough. Nobody wants to pay for a service they can do themselves and every consumable item we buy anymore is made overseas. Something Reagan didn't have to deal with a whole lot.
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