from The American Spectator
By Peter Ferrara on 11.25.09 @ 6:08AM
John Bolton has referred to President Obama as America’s first post-American President. By this he means that instead of pursuing America’s interests in relation to the rest of the world, President Obama is pursuing the rest of the world’s interests in relation to America. In other words, Obama is imposing on America the policies the rest of the world would like to see stuffed down our throats.
This is why it seems like we are losing our country piece by piece, and that America is in an accelerating downward spiral. To those who are paying attention, and not just blindly accepting the Obama/Democrat talking points, everything suddenly seems so different, because America was conquered by an alien ideology in 2008.
Reagan’s Peace and Prosperity
The rest of America experienced the Reagan Revolution starting in 1980. The failed Keynesian economics from the 1970s was producing double-digit inflation, double-digit unemployment, and double-digit interest rates. Reagan’s strong dollar monetary policies cut inflation in half by 1982, and cut it in half again by 1983, taming it still to this very day. In 1983, the greatest economic boom in world history took off, as a result of Reagan’s free market economics.
The Keynesian-induced business cycle that produced four increasingly worse recessions from 1969 to 1982 was replaced by a shocking 25-year economic boom, with only mild, short downturns in 1990 and 2001. As Art Laffer and Steve Moore point out in The End of Prosperity, more wealth was created in America during that 25-year boom than in the entire previous history of America combined, from George Washington up to Ronald Reagan. The boom spread worldwide, boosted by other countries adopting Reaganomics as well. We began to see a blooming middle class as a result in places like India, Brazil, and even China.
Reagan also aggressively fought the Cold War by pursuing his powerful defense buildup, funding and supporting revolutionaries on the outskirts of the Soviet Empire like the mujahedeen in Afghanistan and the contras in Nicaragua, and affirmatively seeking to cut off the sources of hard currency for the weak and unproductive Soviet Communist economy. As a result, in 1989 the Berlin Wall fell, and the Soviet Empire collapsed. As the British Prime Minister Margaret Thatcher said, “Reagan won the Cold War without firing a shot.”
These are the reasons that Reagan will be recognized as the most successful President in American history.
(hat tip Richard)
