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On Reagan’s birthday
SFC (RET) U.S. Army Combat Veteran, Patriot, Conservative
Last comment by timeontarget 4 years, 3 months ago.

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On Reagan’s birthday, his unworthy successors tell us to prepare for ‘new normal’ slow growth

When the Gipper faced a challenge like this, he conquered it. Obama? No.

Ronald Reagan would have been 103 years old today, and it shows how far we’ve fallen from the high standard his leadership represented that, today, the Congressional Budget Office projects slower-than-average growth may be the “new normal” for America.
President Reagan would never have accepted such a fate for this nation. And before defenders of President Obama try to blame Bush and say there’s nothing Obama could have done because he faced such a difficult economy coming into office, they should know that Reagan faced a flaming recession of his own when he took office.
What Reagan inherited from Jimmy Carter as abysmal. Unemployment was soaring at 10.8 percent. Inflation was over 13 percent. The prime interest rate was an astonishing 25 percent!
Reagan could have done what Obama has done, which is to blame his predecessor and tell everyone to prepare for a “new normal” of slow growth and economic stagnation. He could have insisted to everyone that the challenge was too hard and that he couldn’t be expected to make it better.
But here is the difference between Reagan and Obama: When Reagan ran for president, it was because he understood that challenges were difficult but needed to be successfully tackled. The well-being of the nation depended on it. When someone runs for president, and then whines like Obama does about how hard the job is, the appropriate response is, “Then why did you run for it?”
Reagan knew the job was hard. He ran for it because he believed he was the man to do it.
And Reagan had a plan. In 1981, he cut taxes, including a cut in the top marginal rate from 70 percent (!) to 28 percent. Oh, by the way, the opposition party controlled the House. Sound familiar? Reagan successfully persuaded enough Democrats to support his tax cuts that he was able to get them passed into law. He did not use the divided Congress as an excuse.
He also cut federal spending by $31 billion in his first year, which flew in the face of Keynesian arguments that more spending was needed to boost the economy. Reagan understood the federal government was too big and it was draining capital from the private sector. He began the reversal of that trend.
Reagan also slashed regulations that were saddling the private sector with hundreds of billions of dollars’ worth of additional costs.
It worked. The recession got pretty bad in 1982, but in 1983 it was roaring back. The American people understood that Reagan’s policies had made the difference – so much so that when he ran for re-election in 1984 he won an astonishing 49 states!
Obama’s policy direction has been exactly the opposite of Reagan’s. He has raised taxes, increased regulation and grown government control over the economy. He has overseen an enormous increase in federal spending, and run up the national debt to more than $17 trillion. The same Democrats who were howling about $200 billion deficits when Reagan was in office have undertaken a spending spree so breathtaking that we’ve had deficits north of $1 trillion for all but one year of Obama’s presidency.
And how well has all this worked? It has been such a complete and utter failure that the CBO is now imploring us to just accept it as the new normal.
That’s not how America was built. We are not built on normalcy. We were built on exceptionalism.
This economy is not stuck in the mud because the recession was too hard for Obama to fix. We are stuck in the mud because Obama’s policies are wrong, and he will not for one second consider the correct policies that worked in the 1980s – because he is ideologically incapable of doing so.
Happy birthday, President Reagan. We miss you. Boy, do we miss you.


Latest Activity: Feb 07, 2014 at 6:19 PM

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MikeLongCounty commented on Saturday, Feb 08, 2014 at 14:36 PM

President Ronald Reagan, the greatest president to serve during my life time!!! Youngest son, Holden Reagan Riddle named in his honor.

timeontarget commented on Sunday, Feb 09, 2014 at 14:34 PM

I also think Reagan was the best President of my lifetime.

I still have my bumper sticker from the time around two years before he won the nomination.


Funkentelecky commented on Sunday, Feb 09, 2014 at 15:23 PM

Thanks Jimmy, General Powell is a great leader isn’t he and I watched the whole clip. He’s right that you should call out the elements in the Republican Party that disturbs him and I would've asked him to be more specific and what about the Democrats that do the same thing. I also would’ve asked why did he think Obama was best for economic reform and other things as well as asking what does he think about it now? These questions would’ve strengthened the interview and given it more credibility, IMHO.

MLC, Chief ,and TOT, I agree that Reagan is the greatest President in my lifetime too!

Funkentelecky commented on Sunday, Feb 09, 2014 at 17:05 PM

Jimmy, I didn't pick Kennedy because he served only 3 years, but I imagine he could have garnered my vote with 2 full terms. I rank him #2. I rank Clinton #3 because he flopped in his first 2 years with the Democrats in charge of congress. The economic prosperity didn't start happening until the Republicans took over congress in January 1995 with Newt Gingrich as the Speaker. Trickle down economics is a term used by Democrats to demonize Conservative policies that work. Reagan did this with divided government and his policies were so effective that 1 million jobs were created in one month during the recovery of the recession that he inherited from Carter. And he didn't blame Carter either.

MikeLongCounty commented on Sunday, Feb 09, 2014 at 17:19 PM

"There you go again" Jimmy talking about cuts to the poor, let's not forget that in 1984 President Reagan initiated and pushed through the largest percentage increase on the Earned Income Tax Credit, to even this day. Which is pretty much a "welfare check" on tax returns, because all who qualify for it, actually pay no federal income tax into the system. I think, but am not for sure on this point, but I believe under President Reagan, the EITC was expanded even further just before he got out of office. But I will say that just behind President Reagan, I do believe that President Kennedy was the next greatest president in my life time, so he would have received my Silver Medal. And since the Olympics are going on, I will say that George W. Bush gets the Bronze Medal for coming in a distant third. In the continuing spirit of bi-partisanship I will also say that I like President Clinton much more as an ex-president than I do that.......well I'll be respectful here.....that former president from Plains, Georgia. President Clinton has been graceful and productive since he left office, and right now I wish he was the First Husband, and Hillary was ending her second term, instead of the president we have in office now. I would invite all of you too also list your top three presidents in your lives; Jimmy, Funk. Sebe, and ToT.

MikeLongCounty commented on Sunday, Feb 09, 2014 at 17:28 PM

Well Funk, even though President Reagan was too good of a leader and man to make excuses for the circumstances he inherited...I'll blame President Carter for him, or at lease give a good portion of the blame. And since we are talking about the man who ruined any Georgian's chance of ever winning the presidency. He hands-down in a landslide victory, is the worst president to serve during my life.

Funkentelecky commented on Sunday, Feb 09, 2014 at 17:46 PM

MLC, I rank GWB as #4 because he didn't have enough influence to get congress to put a strangle hold on Fannie Mae and Freddie Mac and prevent the financial crisis that happened on his watch. He warned congress around 34 times and there were even hearings in 2004 that the Democrats filibustered and prevented any reform. He warned congress 17 times in 2007 and 2008 which was on totally deaf ears with Nancy Pelosi in charge as Speaker. For this reason I can't rank him above Clinton and its a shame that good people like Jimmy hate him when all his policies passed with bipartisan support. They even blame the war totally on him even though congress gave him the authority with over 75% approval. GWB economic policies were solid and wasn't the downfall of the economy.

MikeLongCounty commented on Monday, Feb 10, 2014 at 08:32 AM

Pretty interesting the presidents who were not mentioned...G.H. Bush, Ford, Carter, Nixon, Johnson,and Eisenhower. I don't know if any of you date past Ike. Since some of these men served before I was an adult, I can only reflect on them from a historic perception; too me, this list has presidents who were either real bad, or very Luke-warm. I would assert that most of us want presidents to take action, and then either we like that president a lot, or dislike him a lot.

timeontarget commented on Tuesday, Feb 11, 2014 at 06:26 AM

Jimmy Carter was indeed a failure and I feel like he had a heavy hand in the crippling of the economy because I think he shortly before his term ended, took action to do away with the usury laws.

sebekm, will you research that please.

I know Carter did something which allowed local banks to increase their rates rapidly.

timeontarget commented on Thursday, Feb 13, 2014 at 07:23 AM

sebekm, I very much appreciate your research.

I believe that interest rates should never been allowed to rise above 10 per cent.

When prime went to 21% short term financing in our two local banks at the time went above that a couple of points.

While it enriched greedy lenders and slumlords, it bankrupted some small business owners.

timeontarget commented on Thursday, Feb 13, 2014 at 07:28 AM

A substantial amount of our national debt accumulated in those years.

"Amen. This goes to show you what happens when you have a nuclear physicist as President who should have stayed a peanut farmer. While Reagan may have been our greatest president since WWII, he never would have gotten into office if Carter hadn't been such a LOUSY president."


Again thank you very much.

timeontarget commented on Thursday, Feb 13, 2014 at 07:33 AM

The whole globe staggered. In fact, there are some very good arguments that suggest that large populations world-wide have never really recovered from the 1982 recession that was deliberately triggered for ideological reasons."

Oh and by the way, did we mention that Jimmy Carter was a Democrat?

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