The Obama administration has saved or created another several million jobs as the unemployment rate ironically rises to its highest point since 1983 - 10.2%

Let's look at some of the differences between now and 1983.

In 1983, two years after Reagan took office, we were coming out of the Carter recession - which by the way - was far worse than this one. Fourteen percent inflation, 21% interest rates and soon a 10+% unemployment rate. No, Obama didn't inherit the worst recession since the Great Depression. It's the worst recession since the Carter recession - but it's not even half as bad... not yet anyway.

1983 was the worst year of the Carter recession although it was well into Reagan's first term. After 1983 the economy began to improve greatly as a result of Reagan's sound fiscal policies. And the policies Reagan put into place led America on a twenty-plus-year economic boom.

Here's the problem. The policies Obama and the Democrats are putting into place are the exact opposite of the ones Reagan put into place. Days after his inauguration, Ronald Reagan ordered a hiring freeze on the federal government. And then he ordered that 40,000 jobs be slashed from the federal payroll.

Can you imagine the current president firing any federal employees? He thinks the federal government is the greatest jobs program going! Yes, it's a complicated theory and perhaps too difficult for the current simple-minded occupant of the White House to grasp, but firing federal employees ironically leads to less unemployment.

Reagan slashed domestic government spending - not as much as he wanted to, with a Democratic congress attacking his sound fiscal policies every step of the way. Democrats said he was insensitive to the needs of average people. But his insensitive policies put average people back to work by the millions. Unemployment was slashed by half. Inflation was cut by more than half from 14% to under 5% for so many years that most of us can't even imagine what a 14% inflation rate would feel like.

Another key to Reagan's success was his insensitive tax cuts for the rich. Under Reagan the top tax rate was slashed in half from 70% to 36% and taxes were lowered across the board for all income levels. Federal hiring was frozen, federal jobs were cut, and domestic spending was slashed. All of this was enacted in the economic recovery act of 1981 - which didn't take effect until 1982. It took one year for these measures to start showing positive signs of recovery. After unemployment hit its high in 1983, it started coming down, as did inflation and interest rates. And we were launched into an economic boom that lasted nearly a quarter of a century.

In a bizarre display of twisted historical interpretation though, the Obama team thinks the economy improved despite Reagan's policies not because of them. So they've decided to do the exact opposite. Instead of cutting taxes they're raising them. Instead of freezing government hiring they're accelerating it - because in their simplistic view, they don't understand how you can create employment by firing people! (If you don't understand that either, please leave a comment here and ask. Someone will be happy to explain it to you).

The question that's all too obvious is - if Reagan's policies led to a quarter-century economic boom, what will the opposite policies lead to?

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Exactly! The fed needs to slash at least 40,000 jobs, starting at the top!