'Has Obamanomics Vanquished Reaganomics?'
The whole Reaganomics vs. Obamanomics
meme is silly. Obviously, the economic world hasn't yet grasped Hub Blog's groundbreaking Theory of Alternating Economic Theories
, which says the excesses of one theory creates the conditions for the other, and vice versa. The ossified socialism in Great Britain and liberal stagnation in America in the '70s created the conditions for Margaret Thatcher and Ronald Reagan. The later excesses of their policies, in turn, have created the conditions for Obama and Obamanomics. I'm 100 percent sure -- not just 99.9 percent sure -- there will be Obamanomic excesses that will soon have a majority of Americans demanding smaller government and lower taxes. ... FYI: Note the Rassmusen poll in which 59 percent of respondents still agree with Reagan’s famous line that “government is not the solution to our problem; government is the problem.” Conservatives shouldn't take too much comfort from that response, though. For the time being, Americans are still grossed out by the excesses of the disastrous Bush years.
P.S. -- Pride comes before the fall.