Many people have compared Obama to Ronald Reagan in his ability to promise “morning in America,” but they have focused only on the most superficial part of the Reagan revolution. Reagan didn’t cast himself as the agent of hope, but appealed to the hope within Americans that they could lift up the country, and not the other way around. He focused on the hope of the individual as the true agent of change, and not the despair of the collective that required government intervention.
The rhetoric has given us nothing really new. It has the same populist ring to it that we have heard since before collectivism got entirely discredited in the latter 20th century. It’s simplistic calls to soak the rich and redistribute the wealth, to impose economic isolationism, and to prey on the fears of the working class by casting globalization as an unmitigated evil.
(Be sure to read the rest at Hot Air)
I've got to admit that "Obamanomics" has a nicer ring to it than "Blumneconomics."
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