The day after Barack Obama's inauguration, the New York Times ran a business story headlined: "The economy is bad, but 1982 was worse." The comparison between the present day and the Reagan years wasn't new: during the presidential election campaign, I was taken aback at the frequency with which Reagan's name was invoked for his ability to unite the country at a time of economic crisis. My memories of the Reagan years are a little different from President Obama's. As a teenage punk-rock obsessiv...
Guardian Music — The day after Barack Obama's inauguration, the New York Times ran a business story headlined: "The economy is bad, but 1982 was worse." The comparison between the present... more info