Reaganomics vs. Obamanomics
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This is an opinion item.
| Author(s) | Peter Ferrara |
|---|---|
| Source | The Wall Street Journal |
| Date | February 11, 2009 |
| URL | http://online.wsj.com/article/SB123431484726570949.html |
| Quote | "A natural economic recovery will begin sometime this year, not because of the president's policies, but because soon this will be the longest recession since World War II. However, thanks to the administration's retrograde policies -- cut from the cloth of the 1970s and even the 1930s -- the recovery will not be what it should be. Rather, unemployment will remain too high, and inflation will resurge, recreating the disastrous economic results we suffered the last time Keynesian policies were dominant."
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This item argues against the position Act should be passed on the topic American Recovery and Reinvestment Act of 2009.
