If he succeeds in righting this listing economy, or is seen in the end to have succeeded, he will have changed the paradigm as Reagan and FDR did before him. But for those of us who came to believe in the free market/small government model that Reagan pitched so successfully to the nation – a paradigm which grew to be the bellwether feature of American society in the minds of populations around the globe – there is now a much larger question to be answered:

Were these past thirty years of increasing national and global prosperity nothing but an illusion and can we hope to pull ourselves out of it this time by forsaking those policies that saved us the last time we blew it?

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Stuart W. Mirsky, a former New York City official and longtime Republican activist, is the author of several books, including a historical novel about Vikings and Indians in eleventh-century North America (“The King of Vinland's Saga”); a Holocaust memoir about a young Jewish girl trapped in eastern Poland at the height of World War II (“A Raft on the River”), and a work of contemporary moral philosophy (“Choice and Action”) exploring the linguistic and logical underpinnings of our ethical beliefs.
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