Daniel Henninger: Has Obama Buried Reagan?
The Democratic idea bank of Robert & Robert says it's safe to unload on Ronald Reagan.
Robert Reich: "It is the boldest budget we have seen since the Reagan administration, and drives a nail in the coffin of Reaganomics. We can basically say goodbye to the philosophy espoused by Ronald Reagan and Margaret Thatcher."
Robert Shrum: "Obama is not only unwinding Reagan's policies, he is offering a Rooseveltian paradigm that justifies government pragmatically."
Hmmm. Let us consider an alternative universe.
The stock market has been in a free-fall (with a bounce off a ledge yesterday), dismantling the saved wealth of millions of individual Americans who must feel they are living through the exploding rubble of some Hollywood disaster movie.
In reaction, Republicans, true to form, set sail for a deserted island to ponder a dispute between Rush Limbaugh and Republican National Committee Chairman Michael Steele. At issue: Who's captain of the GOP Titanic.
Someone said, "A crisis is a terrible thing to waste." Why are the Republicans wasting it?
If the Democrats are willing to bet the entire U.S. economy on a 1931 theory known as the Keynesian multiplier, surely Republicans can excavate and relearn the core idea handed down to them by Ronald Reagan. That idea was known as economic growth.
Freed to choose between these two competing ideas, I'm guessing many voters would go for growth. All that's needed is just one Republican who can explain this idea halfway as well as Ronald Reagan.
Arguably at no time in their lives have more Americans been this sharply focused on the economy. They think and talk about nothing else. The Republicans have been handed on a tarnished silver platter the chance to offer the American people an alternative vision of how their economy works -- and grows.
They should take political ownership of the 75% of the U.S. economy that the Democrats have abandoned -- the private economy....
Read entire article at WSJ
Robert Reich: "It is the boldest budget we have seen since the Reagan administration, and drives a nail in the coffin of Reaganomics. We can basically say goodbye to the philosophy espoused by Ronald Reagan and Margaret Thatcher."
Robert Shrum: "Obama is not only unwinding Reagan's policies, he is offering a Rooseveltian paradigm that justifies government pragmatically."
Hmmm. Let us consider an alternative universe.
The stock market has been in a free-fall (with a bounce off a ledge yesterday), dismantling the saved wealth of millions of individual Americans who must feel they are living through the exploding rubble of some Hollywood disaster movie.
In reaction, Republicans, true to form, set sail for a deserted island to ponder a dispute between Rush Limbaugh and Republican National Committee Chairman Michael Steele. At issue: Who's captain of the GOP Titanic.
Someone said, "A crisis is a terrible thing to waste." Why are the Republicans wasting it?
If the Democrats are willing to bet the entire U.S. economy on a 1931 theory known as the Keynesian multiplier, surely Republicans can excavate and relearn the core idea handed down to them by Ronald Reagan. That idea was known as economic growth.
Freed to choose between these two competing ideas, I'm guessing many voters would go for growth. All that's needed is just one Republican who can explain this idea halfway as well as Ronald Reagan.
Arguably at no time in their lives have more Americans been this sharply focused on the economy. They think and talk about nothing else. The Republicans have been handed on a tarnished silver platter the chance to offer the American people an alternative vision of how their economy works -- and grows.
They should take political ownership of the 75% of the U.S. economy that the Democrats have abandoned -- the private economy....