October 16, 2023

Ronald Reagan was elected during the period of malaise and stagflation created by Jimmy Carter, our third worst president.  The economy was so horrible that economists had to invent a new metric, the misery index, which was calculated by adding the unemployment and inflation rates.  Going into the election of 1980, the misery index stood at a staggering 22 percent.

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President Reagan put America on a path to economic recovery with policies to

  • balance the federal budget,
  • limit government growth,
  • reduce regulatory burden on the private sector,
  • lower taxes, and
  • tighten the money supply to control inflation.

We experienced a couple of tough years while climbing out of our economic doldrums, but eventually Reagan’s policies worked and ushered in a period of economic boom.  Reagan’s landslide re-election in 1984 was largely due to the economic recovery, which he had piloted America through.  His policies became known as Reaganomics.

Now our modest Oval Office occupant has decided that if the Gipper can have an economic recovery named after him, then his legacy needs one, too.  Joe has sent his propaganda ministry forth to talk about the miracle of Bidenomics — which is a tad different from Reaganomics in both implementation and outcomes.

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Joe Biden is promising long-term economic prosperity through

  • massive accumulation of debt,
  • raising taxes,
  • growing government bureaucracy at an unprecedented rate,
  • increasing government regulations,
  • tampering with free enterprise,
  • opening our borders, and
  • crushing the middle class to finance the expansion of the ultra-wealthy and freeloader classes.

We’re assured that the numbers don’t lie, even if the propagandists do.  We should forget our concerns, as everything is going swimmingly.  We just don’t recognize it because we don’t have Alexandria Ocasio-Cortez’s degree in economics.

Inflation is down.  It’s only twice what the Federal Reserve thinks it should be for a healthy economy.

More jobs have been created by Bidenomics than by any other administration in history.  In September, 336,000 jobs were created.  Of course, 22 percent of those new employees are “public servants” living on our taxes.  The remainer are people who’ve been allowed to go back to work after the pandemic lockdowns — at least until the next election.

After a little tampering with the energy and manufacturing sectors, wages are up, and global warming is down.  Or is it that climate change has changed back?  I forget.  I guess it depends on whether it’s snowing or sweltering today.

You can’t argue with the squiggly lines on the economist’s graph paper.  Bidenomics is just like Reaganomics — only better, because it was done by a compassionate Democrat and not a heartless Republican.  In fact, if it weren’t for the obstructionist MAGA semi-fascists we could have reached peak prosperity and national harmony by now.