James Pethokoukis

What Reaganomics meant to accomplish

July 5, 2011

Excellent piece by Brian Domitrovic of Forbes:

What was the point of Reaganomics? Starving the beast? None of the above. The point was to get the private sector booming. And could we ever use this as an objective today.

Why liberals owe Reagan a huge apology

April 27, 2011

It’s the ur-talking point for modern liberals: The 30-year, free-market tilt of U.S. economic policy has been a failure. Tax cuts failed. Deregulation failed. Free trade failed. President Ronald Reagan failed.

Reagan at 100, Reaganomics at 30

February 4, 2011

President Ronald Reagan, Feb. 5, 1981:

Good evening.

I’m speaking to you tonight to give you a report on the state of our Nation’s economy. I regret to say that we’re in the worst economic mess since the Great Depression.

Obamanomics replaced by Reaganomics?

December 20, 2010

This Larry Kudlow commentary is a nice companion piece to my previous post:

In one fell swoop, Obamanomics is out the window. Reaganomics 2.0 is now in the driver’s seat. …  In the new session of Congress — which will feature a true Tea Party GOP conservative majority — new spending-limit policies can fill in the blanks left by the tax deal. But if President Obama has the acumen to see that a pro-growth economic policy is tied to low tax rates, the GOP should take great care not to cede that message and lose the economic-growth high ground. … A great battle will be joined over the spending, taxing, and regulatory mandates of Obamacare, which is probably the biggest job-killer of all. Conservative reformers in the new Congress will force this fight, along with tax, spending, entitlement, and monetary reform. Behind all this, however, the new Tea Party GOP must maintain a message of economic growth and prosperity.

The Obama recovery vs. the Reagan recovery

October 13, 2010

Expect to see this chart from the Heritage Foundation all around the blogosphere. I don’ t think it is completely fair given the different flavors of the two recessions. But I certainly don’t think the current recovery is a robust as could possibly be expected. I think even the POTUS would concede that.