"At George Mason University today, President-elect Barack Obama declared, “…only government can provide the short-term boost necessary to lift us from a recession this deep and severe.” Is that the “change” we’re supposed to believe in? In many ways, it was government “solutions” that created this recession, with the Fannie Mae / Freddie Mac subprime mortgage meltdown being a root cause.
If President-elect Obama is serious about ending the recession, he might want to pause for a moment to review how Ronald Reagan tackled the 1981 recession. Here’s a hint: Reagan didn’t believe big government spending was the solution—tax cuts are!"
Gary Bauer
Campaign for Working Families