WSJ: Obamanonics vs. Reaganomics

One program for recovery worked, and the other hasn't.

• The Keynesians in the early 1980s assured us that the Reagan expansion would not and could not happen.
• Mr. Krugman was, for once, at least partly right. How could Reagan not look good after four years of Jimmy Carter's economic malpractice?
• In any case, what Reagan inherited was arguably a more severe financial crisis than what was dropped in Mr. Obama's lap. You don't believe it? From 1967 to 1982 stocks lost two-thirds of their value relative to inflation, according to a new report from Laffer Associates.

They had their big chance in 2008 and have failed miserably.  Time to get out the broom!