It's not coincidental that America's vigorous recovery in the early 1980s was led by a president who worked hard to unshackle growth in the private sector.
Sentiment: NEGATIVE
Government actually grew during the Reagan years.
The fundamental problem is that President Obama has grown government. He has grown the private sector jobs.
Well, I think the reality is that as you study - when President Kennedy cut marginal tax rates, when Ronald Reagan cut marginal tax rates, when President Bush imposed those tax cuts, they actually generated economic growth. They expanded the economy. They expand tax revenues.
After 25 quarters of so-called recovery under Obama, it has increased a total of only 14.3 percent. Compare this to earlier periods. After the JFK tax cuts of the early 1960s, the economy grew in total by roughly 40 percent. After the Reagan tax cuts of the 1980s, the economy grew by a total of 34 percent.
JFK and Reagan's growth model included tax cuts and a steady dollar. Trump has taken a gigantic step toward restoring prosperity with his tax-cut-centered fiscal policy.
Throughout his life, Ronald Reagan believed America is capable of great things and its people could and would lead the way if left unburdened by taxation and regulation.
We have not recovered all that we lost in the Bush recession. That's why we need to continue to move forward.
Ronald Reagan's vision of smaller government, less taxes, and a strong national defense has led to a prosperous America. As president, he rebuilt our military and reinvigorated our confidence in ourselves.
Many bought into the idea that America could go from a technology-based, export-oriented powerhouse to a services-led, consumption-based economy - and somehow still expect to prosper. That idea was flat wrong. Our economy tilted instead toward the quicker profits of financial services.
I thought the Bush economic policy was a disaster. We lost 500,000 private sector jobs during his tenure.