President Ronald Reagan got America out of the 1982 recession by cutting taxes and deregulating the economy. This is the exact opposite of the policies being implemented now. Why did Reagan’s plans work?
Research conducted by the U.S. Commerce Department’s Economic Development Administration found that efficient entrepreneurs could produce new jobs at a cost of $144 to $216 seed money per job compared with $2,920 to $6,872 for President Obama’s preference of federally funded construction programs. That is a difference of 20 to 1.
By reducing taxes and allowing a free people to invest their money as they please, many more millions of jobs are created than an investment in government enterprises as Obama favors. His recipe will far more likely retard investment growth by taking it from productive areas of the economy and transferring it to far less productive enterprises.
If Americans had a decent economics education in their public schools, Obama would never been able to perpetrate this travesty on the American public.
prepare to be shocked http://www.lafn.org/politics/gvdc/Natl_Debt_Chart.html