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The curtain has come down on what can best be described as a brief un-American moment in our history. That moment began in the fall of 2008, with the great financial panic, and gave rise to the Barack Obama phenomenon.
The nation's faith in institutions and time-honored ways had cracked. In a little-known senator from Illinois millions of Americans came to see a savior who would deliver the nation out of its troubles. Gone was the empiricism in political life that had marked the American temper in politics. A charismatic leader had risen in a manner akin to the way politics plays out in distressed and Third World societies. Ajami: The Obama Spell Is Broken - WSJ.com
Substitute Obama with Reagan and that article could've been written in the 80's.
Yeah, except that interest rates were 20% vs. 0%. We'll see what outcome that produces. Not that Keynesian morons won't try to revise history and blame some other reason for the inflation.
I wonder what the WSJ editorial bozos think happened to the Republican spell, considering that their approval ratings are about half Obama's. I think swine flu is ahead of them this week...
Clearly the o.p. has not read the transcript of Obama's recent performance at the Republican Retreat. I gave Clinton good marks for statesmanship but Obama has him cold. Obama just may be the most competent president in recent memory. Even if you disagree with some or all of what he has done, if you cannot admit that he is fit to be a president you are irredeemably biased. I've heard some smack here about the White House needing to be fumigated after Obama is run out of it, he is that bad and I have to disagree, totally. Never before has the opposition risen up so completely in obstruction of any policy that comes out of the White House. If you have a Maserati, Lambo or other fine example of Italian racecar excess it will not perform as well as a Toyota Corolla if you chain it to a dumpster. Let the man work it. Obama again, in 2012.
Yeah, except that interest rates were 20% vs. 0%. We'll see what outcome that produces. Not that Keynesian morons won't try to revise history and blame some other reason for the inflation.
But the interest rate now is financed by borrowing with interest on the borrowing. No economist disagrees that the trand government spending and borrowing can continue for long and even at this pont the spending will effect people for deacdes to come at the best.Congress since they have controlled the congress has raised debt limit five times. The previous in december and now just the other day. it like increasing the debt on the chinese credit card and niot even making payments yet.Reagan certianly brought alot fo things abck intoorder including the ecomy without any borrowing and people were alot better offf for it in the 90's with minium pain. certainly muchmroe successful than Carter who had double digit inflation plus double digiet unemployment when he left office and handed it to Reagan; who solved it and so many thiogns in foreign polciy.
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