You are here
What does a real recovery look or should look like? Better than what we have seen over the past four years. Since 2009, we have technically been in a recovery, but as I have pointed out, this has hardly been a robust recovery. So what would a robust recovery look like? For one, simply looking at the early 80’s during the Reagan era would be a start.
In July of 1981, the economy fell into a recession just one year after a previous recession ended. To those who state that this present downturn was the worst economic downturn since the Great Depression often forget that Reagan inherited double digit inflation and the unemployment would eventually soar to nearly 11%, higher than
For many years after he left office, Reagan’s Presidency was viewed as a failure, but since his foreign policy led to the end of the Cold War and his economic philosophy led to three decades of growth, it was hard for historians to continue deriding one of the most influential and successful Presidents in American History. When Reagan died in 2004, many of those historians and pundits who vilified him when he was alive, eulogized him as one of our great President and often asked, could Republicans use a man like Reagan again? (I suspect that many Republicans agree.) Read more »