FDR, Reagan, and Obama
by Paul Krugman
Some readers may recall that back during the Democratic primary Barack Obama shocked many progressives by praising Ronald Reagan as someone who brought America a “sense of dynamism and entrepreneurship that had been missing.” I was among those who found this deeply troubling – because the idea that Reagan brought a transfomation in American dynamism is a right-wing myth, not borne out by the facts. (There was a surge in productivity and innovation – but it happened in the 90s, under Clinton, not under Reagan).
All the usual suspects pooh-poohed these concerns; it was ridiculous, they said, to think of Obama as a captive of right-wing mythology.
But are you so sure about that now?