Deroy Murdock: Obama vs. Reagan
New York commentator Deroy Murdock is a nationally syndicated columnist with the Scripps Howard News Service and a media fellow with the Hoover Institution on War, Revolution and Peace at Stanford University.
President Zero.
The brand-new nickname for Barack ObamAA+ symbolizes America’s total net jobs created in August: Zippo.
So, how many jobs emerged in August 1983, the analogous point in Ronald Reagan’s presidency? 280,000. Proportional to today’s population, that equals 367,360 new hires last month.
Citizens pondering Obama’s latest jobs speech and how to get America working again should focus on today’s great Keynesian experiment. Ronald Reagan’s supply-side mixture of tax cuts, deregulation, and sound money competes directly against Obama’s big-government blend of Keynesian stimuli, rampant red tape, and promiscuous printing of money — as if dollars were wallpaper. The late Reagan trounces the leisurely Obama....