Monday, July 13, 2009

Democratic Strategist Finally Admits Reaganomics Worked

Supporters of Ronald Reagen's economic policies in the 1980's have waited a long time for this day. Democrat strategist Bob Shrum is praising Reaganomics and holding up Republican support for Reagen as an example to Democrats.

From NewsBusters:
Democrat strategist Bob Shrum on Sunday not only praised Reaganomics, but used it as an example as why Americans should be patient in allowing President Obama's stimulus plan to take effect.

During the panel discussion on Sunday's "Meet the Press," host David Gregory asked his guests, "Why shouldn't the Republicans, who certainly spent a long time spending a lot of government money and under whose watch the economy took the turn that it did, why shouldn't there be more patience from the Republican aisle?"

Shrum amazingly offered the following answer (readers are advised to prepare for an alternate reality):
Look, this--Reagan went through this. Reagan went through this in 1981 and, in fact, his approval rating, by the way, at this time was exactly the same as Obama's is today. And...And Republicans, Republicans stayed with him. They stayed despite the difficulties in the mid-term elections. They got to 1983, the recovery came; so did morning in America and so did the confirmation of the Reagan era. The real challenge here is for Democrats. Are they going to stick with the president? Are they going to get wobbly? Are they going to get afraid?

Wow. So, in one paragraph, the man who worked for the presidential campaigns of Michael Dukakis, Al Gore, and John Kerry not only agreed that Reagan's economic policies resulted in a recovery, but used it as an example of why folks should be patient in letting Obama's policies work.

Sadly, no one present noticed this odd turn of events, nor did they point out to Shrum that the crux of Reaganomics was lower taxes and relaxed regulations.

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