Michael Reagan

It’s not Obama vs. Romney in 2012.

It’s really Obama vs. Obama.

The president has to run against himself. His own record on the economy has been so pitiful he can’t defend it or run on it. He has to run away from it.

Instead of comparing his performance as president to what Romney-Ryan might do, Obama has to pretend like it’s been someone else who’s been mismanaging the economic recovery for the last 3 1/2 years.

He has to pretend that it’s not his policies that have kept unemployment above 8 percent for 43 straight months and racked up too many trillions of new debt to count.

And this week, when the incompetent-in-chief was asked to give himself a grade for his own performance, his answer was not an “F” or “F-minus.” It was “incomplete.”

President Obama said he needed more time. For what?

To hope that Obamanomics can work, if we just wait until the USA becomes Greece or California?

To prove that obscene deficits, wasteful government spending, overregulation and higher taxes on the successful can put the greatest economy in the history of the world in a coma for another four years?

Compare what Obama is doing in this election to what Ronald Reagan did when he ran for re-election in 1984 against Walter Mondale.

My father didn’t have to hide from his own record, he ran on it. Proudly. Unlike Obama, he was able to show that his economic policies had pulled the wrecked Jimmy Carter economy out of the ditch and turned it around.

Ronald Reagan could point to real progress -- real hope and change. He had cut the unemployment rate from double digits to 7.2 percent, adding almost 8 million jobs. The inflation rate had dropped from 10.3 percent to 3.3 percent. Interest rates were on their way down from 20 percent. Gasoline prices were not going up, but down.

By 1983, the country was already clearly headed down the road to recovery, fueled by lower tax rates, simpler tax codes, less regulation and tighter monetary policy.

Reaganomics -- which got government out of the way of the private sector -- was working. The severe recession of ‘82 – when unemployment hit 10.8 percent, still the highest since the Great Depression, was shrinking in the rear-view mirror.

When my father’s re-election campaign ran that famous optimistic ad that said, “It’s morning again in America,” people believed it. It was already coming true. That’s why he was re-elected in a landslide.


Michael Reagan

Michael Reagan, the eldest son of Ronald Reagan, is heard daily by over 5 million listeners via his nationally syndicated talk radio program, “The Michael Reagan Show.”