Obama vs. Reagan
Today, the Cato Institute’s Richard Rahn wrote an excellent op-ed for the Washington Times, in which he evaluates the “worst recession since the Great Depression” meme and compares the situations inherited and actions by Presidents Reagan and Obama. I urge everyone to give it a read, but here are the highlights: Even though the president, many members of Congress and many journalists keep saying we are in the worst recession since the 1930s, it is an assertion that is premature, to say the