(Courtesy of Market Watch)
Indeed!
Showing posts with label ronald reagan. Show all posts
Showing posts with label ronald reagan. Show all posts
Sunday, October 30, 2011
Reagan's Recovery vs. Obama's "Recovery"
The media is truncating the latest GDP report, which shows a mild improvement in economic growth. Aside for the fact that the internal numbers of the report aren't nearly as promising as the top-line 2.5% figure, the historical context of such a lackluster recovery is jarring. Compare our current economic recovery to the same time period following the 1981 recession during Regan's presidency:
Indeed!
Indeed!
Monday, August 01, 2011
Why We Fight
Extraordinary times require extraordinary measures and lots of courage
Over the past week, the Tea Party has been impugned and maligned
with more ferocity than ever before. Amidst our push to balance the
budget, downsize job-killing government agencies and programs, and
preserve our AAA credit rating, we have been condemned as extremists,
suicidal, and traitors. Sadly, most of these acrimonious ad hominem
attacks were propagated by those who purport to share the aforementioned
goals, but feel repulsed by our “intransigent” sense of urgency. Some
have even regurgitated Democrat talking points suggesting that Reagan
would be labeled a RINO by the Tea Party.
These writers and commentators who supposedly share our ultimate goals for limited government, yet condemn our tactics and sense of urgency, are lacking a sober understanding of the severity of our current predicament in relation to Reagan’s era.
As grim as the situation was at the time of Reagan’s inauguration in 1981, it simply doesn’t compare to the magnitude of our problems precipitated by the growth of the federal government, the insolvent debt, and rampant government dependency. Reagan came to power and fought for limited government in order to preclude the very eventuality that we are experiencing today. Today, in 2011, we are suffering under every pernicious effect of a tyrannical government; the magnitude to which Reagan did not experience, but presciently attempted to avert.
Although Reagan succeeded in his fundamental goals of stalling the inexorable growth of government, cutting taxes, rolling back some regulations, and winning the Cold War, he realized at the end of his presidency that those victories were not sufficient to countermand the self-perpetuating growth of government dependency and tyranny. He knew that due to factors which were mostly beyond his control he had failed to eliminate a significant number of agencies and programs that serve as the backbone for the statist society.
Reagan had learned that liberals had insidiously co-opted so many rent-seekers in government that it was impossible to win a war of attrition by fighting agency-to-agency and program-to-program warfare. Fifty years of steady movement toward socialism had shown that any edict promulgated by the federal government, much like the ancient Persian government described in Esther, “may not be revoked.” He realized that something drastic had to be done to prevent the immutable growth of government that he so ominously envisioned after his departure.
These writers and commentators who supposedly share our ultimate goals for limited government, yet condemn our tactics and sense of urgency, are lacking a sober understanding of the severity of our current predicament in relation to Reagan’s era.
As grim as the situation was at the time of Reagan’s inauguration in 1981, it simply doesn’t compare to the magnitude of our problems precipitated by the growth of the federal government, the insolvent debt, and rampant government dependency. Reagan came to power and fought for limited government in order to preclude the very eventuality that we are experiencing today. Today, in 2011, we are suffering under every pernicious effect of a tyrannical government; the magnitude to which Reagan did not experience, but presciently attempted to avert.
Although Reagan succeeded in his fundamental goals of stalling the inexorable growth of government, cutting taxes, rolling back some regulations, and winning the Cold War, he realized at the end of his presidency that those victories were not sufficient to countermand the self-perpetuating growth of government dependency and tyranny. He knew that due to factors which were mostly beyond his control he had failed to eliminate a significant number of agencies and programs that serve as the backbone for the statist society.
Reagan had learned that liberals had insidiously co-opted so many rent-seekers in government that it was impossible to win a war of attrition by fighting agency-to-agency and program-to-program warfare. Fifty years of steady movement toward socialism had shown that any edict promulgated by the federal government, much like the ancient Persian government described in Esther, “may not be revoked.” He realized that something drastic had to be done to prevent the immutable growth of government that he so ominously envisioned after his departure.
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