I think we'd agree that the current economic situation is less-than-desirable. It's the worst economy that the US has seen since Jimmy Carter's presidency.
If history is such a great teacher, maybe we should look at the state of things when President Reagan took office compared to when Obama took office. In 1981, we were suffering from numerous years of double-digit inflation, double-digit unemployment, double-digit interest rates, declining incomes, and rising poverty. Much like now...except to a much higher degree on the scale of worse-ness. President Reagan managed to turn things around in 2 years. And many years of economic growth followed. I like Reagan's results, don't you?
So, how do the turnaround policies of President Reagan and Obama compare? To put it mildly, they are polar opposites. Instead of moving in the right direction, it is only fair to wonder how much of a wrong turn we're making.
The only comfort that I take from this is knowing that we might not have had a Reagan without a Carter.
Is it 2012 yet?
(If you enjoy the back and forth of differing political opinions, please check out the site of a blog-writing friend, Martyn Oliver. )