| Obama Could Learn from Reagan By Michael Reagan, FloydReports.com |
| If President Obama really wants to get the U.S. economy going again, he could do worse than to study the results of my Dad's 1981 Economic Recovery Act, which boosted the economy by leaps and bounds. Take the matter of jobs, for example. Thanks to the 1981 act, an astounding 20 million new jobs were created. Moreover, inflation dropped from 13.5 percent in 1980 to a mere 4.1 percent by 1988, and unemployment fell from 7.6 percent to 5.5 percent. Moreover, the net worth of families earning between $20,000 and $50,000 annually grew by 27 percent. At the same time, the real gross national product jumped.... |
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