Remember Reaganomics?

Investorideas.com Opinion


POINT ROBERTS, September 26, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reminds investors of the keystones of President Reagan’s economic policies , leading to the second longest peacetime economic expansion in U.S. history.

Following years of high unemployment and inflation, Reaganomics four key points to turn the economy around were to 1.Reduce Growth of Government spending.2.Reduce Income Tax and Capital Gains Tax.3.Reduce Government regulation.4.Control the money supply to reduce inflation. He also increased defense spending significantly.

In an opinion article in the Wall Street Journal Online , February 2009, entitled, “ Reaganomics vs. Obamanomics “, The current president wants higher taxes, more regulation, more spending and loose money.. PETER FERRARA strongly stated the following in closing:

“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.”

Mr. Ferrara is director of entitlement and budget policy for the Institute for Policy Innovation. He served in the White House Office of Policy Development under President Reagan.
http://online.wsj.com/article/SB123431484726570949.html

Mr . Ferrara wrote this in 2009 and his assumption was correct that the economy would start to recover, but with the ongoing policies of the Obama Government , the recovery is now in serious danger of heading into another recession .

So looking at the current economic policy of President Obama, known now as Obamanomics, we have to have a Dr. Phil moment and ask, “So how’s that working for you?”.

The US has never been more regulated and instead of preventing further financial disasters as intended, it has only served to restrict small business, the heart of the economy .

Investors are leaving the US markets and looking at foreign investment as they loose faith in their own economy and what made it great in the past. In a recent discussion with a US investor living in Texas, he told Investorideas.com “ I live in Texas, I love the US, I love living here, but I invest in Brazil. I would not invest here now .”

As investors and consumers watch this play out , its time to get off the sidelines and make their voice heard again. The current economic policy and thinking behind it will destroy the US as a world leader if left in place.


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