Comparing Reagan's success in restoring our country to prosperty after the Carter years is a reality, but the possibility that Obama will have the same success recovering from our financial disasters brought on by Bush and Obama himself is ludicrous.
Reagan inherited the mess that he had to fix and he did just that by instituting sound Conservative principles. While Obama inherited a mess as well but Obama only made it worse, but not only worse, he made it four times worse and is trying to add to the calamity that is his administration's agenda to "fundamentally change America".
Bush added nearly 1 trillion to the national debt in 8 years. Obama added 4 trillion to the debt in just two years and with no results to show for it.
The 'change' Obama is talking about is one from a free republic based on our Constitution to one that reflects the European's socialist democracy nightmare which has failed continent wide. This is not lost on the general public. The agenda that is Obama's socialist vision for our country has failed.
It is imperative then, that we vote this man out in November 2012. If we fail in this, we will get the government we deserve. It won't be the Democrats or Obama that will be at fault for the demise of America, it will be the voting public that will be responsible. There will be no escaping this reality.
Obama's Economic Burden
Source: Steve Chapman, "Obama's Economic Burden," Reason Magazine, October 10, 2011.
Democrats contemplating Obama's reelection search for hope despite the economic atmosphere. In doing so, they are tempted to look to Ronald Reagan's first term, where he presided over a serious recession only to win 49 out of 50 states in 1984. Additionally, President Obama still has a whole year to help the economy rebound.
However, this hope is ill-founded -- while the situations of the two presidents might seem similar, popular sentiment and real economic indicators tell a completely different story. The disparity in these facts explains Reagan's success and reins in much of the optimism regarding Obama's electoral prospects, says Steve Chapman, a columnist and editorial writer for the Chicago Tribune.
The first and second quarters of 1983 saw growth of 5.1 percent and 9.3 percent, respectively, while the economy in the first and second quarters of 2011 grew only 0.4 and 1.3 percent, respectively.
The number of people employed in the United States dropped by 2 million in the Reagan recession, while that population plunged by 8.6 million during this recent downturn.
Before the contraction hit, 66.4 percent of all adults had jobs or were looking for them while only 64.2 percent still are currently, showing the largest exodus out of the workforce in 60 years.
In addition to facts on the ground, popular feelings over the current recession are different from those in the early 1980s.
While the public seemed willing to brace the pain of recession in order to check the roaring inflation that had consumed the Carter administration, the nation seems far less understanding in the current debacle (the fact that little success has been had and there remains little optimism in sight exacerbates this frustration).
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