by Mitch Kokai
Senior Political Analyst, John Locke Foundation
The brand-new nickname for Barack ObamAA+ symbolizes America’s total net jobs created in August: Zippo.
So, how many jobs emerged in August 1983, the analogous point in Ronald Wilson Reagan?’s presidency? 280,000. Proportional to today’s population, that equals 367,360 new hires.
Citizens pondering Obama’s jobs speech, and how to get America working, again should focus on today’s great experiment. Ronald Reagan’s supply-side mixture of tax cuts, deregulation, and sound money competes directly against Obama’s big-government blend of Keynesian stimuli, rampant red tape, and promiscuous printing of money — as if dollars were wallpaper. The late Reagan trounces the leisurely Obama.