I caught this headline on my morning Fox "News" scan. My guess is that the rest of the "librul" mainstream media will be leading with it as well.

Funny thing though - as regards Fox's subsequent simpering on this story, with their ubiquitous references to the presumed failure of all that's Obama: They made absolutely no allusion to the irony - that 1983 was Reagan's THIRD year in office - not his first. And..as we all know, "the people" - especially the "GOP people", reelected Reagan in an '84 landslide.

How do we explain this? Well...let's remember the "popular wisdom" of the time. Reagan's negative economic numbers - whether they came in his 1st year or his 3rd, weren't his "fault". Anything untoward that he may've been facing, was ALL Carter's fault. And, Reagan was only doing what needed doing, to clean up Carter's alleged mess. Therefore of course, ALL people of enlightenment, goodwill, and righteousness...OWED their president and their country, the benefit of the doubt.

Isn't that what we spent $1 trillion dollars of borrowed money on?

WorldlyMrB:

Isn't that what we spent $1 trillion dollars of borrowed money on?

And Reagan added $3 trillion to the debt so what's your point?

Simply declaring that "Bush did it too" or "The Repubs did it to" or " Reagan did it too" isn't going to cut it especially since your boys were given filibuster proof control over the whole GobernMint on their hope & change platform.

well worth the investiment.

At least Reagan's debt created a REAL growing economy that increased jobs and revenue for the IRS.

Your boy has matched Reagans 3trillion debt in just 2 years and has nothing to show for it.

I believe that spreadsheet's point was that the "Reagan miracle" took ~ 4 years to unfold with supply side apologists excusing the high unemployment and budget deficits (a problem endemic to the supply side era) as the malingering result of Carter and a Democratic Congress. If Obama is to be blamed for anything, it might be that he was overly cautious in the design and scope of his stimulus package.

WorldlyMrB:

At least Reagan's debt created a REAL growing economy that increased jobs and revenue for the IRS.

Your boy has matched Reagans 3trillion debt in just 2 years and has nothing to show for it.

Almost all of this years deficit was set in stone before January 20. Plus how do you stretch 1 year into 2 years?

macrol:

Simply declaring that "Bush did it too" or "The Repubs did it to" or " Reagan did it too" isn't going to cut it especially since your boys were given filibuster proof control over the whole GobernMint on their hope & change platform.

Yeah, declaring Reagan as an example of inherited economic woes, inherited, by the way, by Obama, you should be willing to give the president the benefit of the doubt, at least for a little while. But you called it unpatriotic to question your boy, and now you give your own self-described unpatriotic questioning to out President.

Hypocrisy. Did Reagan inherit from Carter? That is whay you claim. Obama inherited from Bush. That is what we claim. And we think he should be given some time to fix it. Get off his back.

2wit

macrol:

Simply declaring that "Bush did it too" or "The Repubs did it to" or " Reagan did it too" isn't going to cut it especially since your boys were given filibuster proof control over the whole GobernMint on their hope & change platform.

We needed it from 2000 to 2008 also but you didn't think so then.

I didn't suggest "The Republicans did it too", in terms of an Obaman apologia. And for the sake of this particular argument, I passed no judgement on Reagan's specific policies. In fact, I essentially stipulated for the sake of my argument, that they were righteous. Although I didn't make specific note of the fact, we all know that unemployment rates trended downward following Reagan's 1983 THIRD year highpoint.

So...if it was objective, wise, and practical of us to allow Reagan a reasonable amount of time to fix what Carter was popularly assumed to've done wrong, why wouldn't the same apply in the current circumstance?

ccccccccccc

Reagan is almost universally acclaimed by GOPs, as one of their historic leadership icons. YET..it took HIM 4+ years to right (no pun) our ship. That doesn't appear to be good enough for macrol. He seems to be suggesting that REAL leadership could accomplish this wonderousness in but 1 year. Something tells me macrol's wishing more for a magician than for a leader.

He made our dollar dissapear durring one of your baroque monologs. LMAO

Trillion dollar stimulus plus the 2010 budget that has already been approved