Yesterday, Ezra Klein posted an interesting comparison between Obama and Reagan at this stage in their presidencies. On the surface, there are more similarities than might be expected in terms of the economic conditions they inherited and the recovery over which they presided.
The whole thing is worth reading (seriously, go read it) but there were a few facts that I thought especially deserved calling out.
- Taxes are lower now under Obama than they were under Reagan.
- Even Obama’s proposed tax rate is lower than the tax rate under Clinton.
- Reagan’s Democrats compromised more than Obama’s Republicans.
You won’t hear many conservatives admit these things when talking about the economy; in fact, they will often imply or even explicitly state the opposite. But these are verifiable facts, regardless of whether anyone disagrees. Any discussion about Obama and the effectiveness of his policies and whether we should choose to re-elect him or give Mitt Romney a chance should start with these (and other) facts in mind.