Posted tagged ‘Ronald Reagan’

Economic Stimulation

March 1, 2009

History has shown us that liberal governmental economic policy does not help the economy (the New Deal, Jimmy Carter). Well, let’s see what it was that they did.

Conservatism was weak in the 1920s and panic lead the nation from recession to depression.

The New Deal (which extended the Great Depression  years) created government jobs, taxed the rich, and tryed to control the economy through central economic planning. He ended the gold standard, forever inflating the dollar. He set minimum wages and prevented people from working more than so many hours a week. He also created the now infamous Fannie Mae.

The result of the New Deal was… nothing. The unemployment rate lurched between 13%. and 24% until WWII.

Carter, on the other hand, tried to control the free market indirectly. He cut imports on foreign oil. His attempts to control the United States energy resulted in the still-remembered fuel-shortages. Carter essentially ruined the economy.

Reagan, on the other hand was successful at economic recovery. With large tax cuts and deregulation, he brought down inflation and unemployment.

History seems to speak against Obama, whose policies (government jobs and central economic planning, as well as regulation) resemble Roosevelt’s and Carter’s. Their policies failed.

As George Santayana once said, “Those who cannot remember the past are condemned to repeat it.”

Obama Recieves Infamous Honor

February 22, 2009

Person of the Year Award has also been given to Adolf Hitler, Joseph Stalin (twice), Vladimir Putin, and the environment.

What does this mean? Well, Time Magazine has not always been the best at making decisions. Al Gore was close to winning in 2007, only to be beaten out by Vladimir Putin, who later invaded Georgia and threatened to cut off oil exports to the West.

In 1988, Time gave their award to ‘The Endangered Earth’.

The year Stalin and Hitler divided Poland amongst themselves and started the bloodiest war to date, Stalin was given the Man of the Year Award. Little did the West know, the Great Purge was killing off his dissenters.

During the years of appeasement, Hitler recieved this same honor. During this same time, he was moving the ‘inferiors’ to labor camps and then to the showers.

Even though Ronald Reagan and other great leaders have also recieved this award, we know that this award isn’t necessarily a good thing for Obama to have on his resumé.