You might want to rest your case on facts rather than fiction. The current recession is probably more than twice as bad as what Reagan had to deal with, and recent revisions to the numbers have suggested it is much worse than was reported at the time. And Reagan didn't have to deal with a banking system that was collapsing. Reagan's deficits hit 6% of GDP, while the current deficit is a bit over 10% of GDP. In other words, if we followed Reagan's example, we should be spending much more than we have so far. The roots of the mess have much, much more to do with the Wall Street inventions of packaging mortgages into CDOs and insurance firms like AIG issuing CDS on those. The CDOs were created in such a manner so that nobody, including the people issuing them and insuring them, understood the risk. Of course the ratings firms were essentially bribed into giving high marks to what should have been junk. If Wall Street had behaved itself, a push for affordable housing never would have caused this mess. Instead their unmitigated greed amplified the debt over and over and misled themselves and their investors. Of course the regulators who should have been following this were nowhere to be found since years of Republican "all regulations are bad" had pretty much rendered them inert.