Post Title. 11/29/2009
Since it is now known, without a doubt, that the stimulus package has been an utter failure. Well, maybe not an utter failure, it did succeed in the horrifying expansion of control over state governments and the American people (that’s for another time). But the question is, now that we know the porkulous has failed, where do we go from here? First things first, stop the giveaway and use the money for other purposes such as paying down the federal deficit. Obama should then swallow his pride and take a look at Reagan’s economic policies. His conservative approach to economic growth and job creation led to a period known as, The Great Expansion, which spans from 1983 until 1999. Ronald Reagan's economic policies of deregulation, supply-side tax cuts, and reining in federal spending with a long term outlook of deficit reduction is what lead to the largest economic expansion in the history of the United States. These policies freed the American people from the robbery and dictation of Government and allowed their entrepreneurial spirit to take charge. The American people began to spend their money the way they wanted, they began to invest and act on their innovative ideas, and Businesses expanded. This allowed all Americans to begin their path to conquer their American dream and because of these policies we maintained our stance as the innovation and economic capital of the world. Below, is a chart comparing the Reagan and the Clinton economic era. While it clearly shows a greater expansion under Reagan, it was his policies that laid the foundation for economic expansion to continue well into the Clinton era.  | Directions
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