FRANK RICH: Let Obama’s Reagan Revolution Begin:
Source: NYT, 1-8-11
…The present-day radicals donning Reagan drag, led by Sarah Palin, seem not to know, as Cannon writes, that their hero lurched “from excessive tax cuts to corrective tax increases disguised as tax reform” and “submitted eight unbalanced budgets to Congress in succession.” Reagan made no promise whatsoever of a balanced budget in the document that codified Reaganomics, his White House’s 281-page message to Congress in February 1981. The historian Gil Troy has calculated that spending on entitlement programs more than doubled on Reagan’s watch. America slid into debtor-nation status, and Americans “went from owing 16 cents for every dollar in national income in 1981” to owing 44 cents per dollar in 1988….
At this point the speed of our own halting recovery is not in the president’s hands. The ability to remake his style of leadership still is. But that makeover can come only from him, not from old Clinton hands in a reshuffled West Wing. Without it, the miracle of his Christmas resurrection could be over by Easter…. –