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Reagan economics vs. Clinton economics

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    Could they have done more for their recoveries?

  • Duration 2:46
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Both President Obama and governor Romney -- the final sprint to Election Day governor Romney is casting the president as an -- -- of America's economy.

This week you heard former President Clinton defend President Obama as saying.

That as badly as the economy was damaged no president could have turned things around in four years.

I spoke to former Reagan economic advisor.

What Bill Clinton said at the convention is literally true it is true.

But comparing Obama to W.

President George W.

Bush is is damning him with faint praise.

Both presidents were really very -- presidents and Obama has not made things better unfortunately.

And as you know I'm a big fan of Bill Clinton some obviously a big fan of Ronald -- and Ronald Reagan -- Bill Clinton -- -- brought this economy back to a roaring growth but these two can't.

Reagan brought the economy back in very great growth mean.

In 19831984.

And a quarterly basis we had growth rates five and F six F seven F eight and a half percentage.

Real growth per quarter on an annualized basis we had that for four to three years straight -- huge growth when Bill Clinton was present if you'll remember.

We initially had a downturn -- first and then there was an enormous growth under Bill Clinton.

So Bill Clinton and Ronald Reagan both could have easily brought us back to roaring growth just the way Jack Kennedy -- by the way in the 1960s.

We had to go low sixties after a first two years of -- which were very bad and then boom you had a huge expansion.

It's just Obama's doing bad policies is a fine man.

But he's doing bad policies and they are working and they won't work and I'm very worried about the country over the next four years if he's still remains president.

And I -- went on to say that if President Obama is reelected we'll all feel the pinch -- our wallets.

My guess is that if Obama is reelected we will get a huge tax increase.

On January 1 2013.

Whatever -- -- tax would get them.

We're gonna see the bush -- -- tax cuts go away we're gonna see all these obamacare taxes coming to places.

My best guess you're gonna see a very bad economy for the next four years.

Just very simply Obama.

If he -- people who work.

-- and you pay people who don't work.

Don't be surprised if you find a lot of people not working.

That's exactly what we've seen for the last four -- isn't their fault if Obama is -- -- I think that's what we're gonna see for the next four years.

How I wish Romney and Ryan would push the growth agenda stronger but I think -- will give us a good growth agenda.

All right our thanks -- art -- For giving us his insights and comments in what is obviously a very very volatile campaign season.

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