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That actually began before Reagan was president. Also, at the time, Iran was our enemy. Iraq was armed so there would be no clear winner in the Iran/Iraq war. Which is what happened... neither country won that 8-year war.
Now there is proof you don't know what you are talking about! The middle class did very well, overall, during Reagan's presidency. One example: The middle class ended up paying less in taxes by the end of Reagan's presidency (and the wealthy were paying more, by percent).
Another example: The inflation rates were very low from 1982-1989 (3.8%, 3.8%, 3.9%, 3.8%, 1.1%, 4.4% and 4.4% for each year, respectively).
Another example: The American economy performed better during the Reagan years than the years before or after him. Real median family income grew by $4,000 during Reagan's term after experiencing no growth at all in the Carter years. Interest rates, inflation and unemployment fell faster under Reagan then they did immediately before or after his presidency.
Under Reagan, productivity grew at a 1.5% annual rate- lower than in the '50s and '60s, but much higher than in the post-Reagan years (under Clinton, productivity grew increased at an annual rate of 0.3% per year).
You conveniently missed where I pointed out he armed Iran, he secretly facilitated weapons shipments to Iran, our enemy. I also neglected to mention he funded the Contras, who were responsible for the crack epidemic via the huge proliferation of low price cocaine.
Obviously the economy was going to grow since it had bottomed out due to high oil prices and stagflation, same recovery would've happened had Carter been reelected. Reagan's union crushing completely killed the less educated working class, as did his complete deregulation of financial markets, allowing the greed-is-good Michael Milken types to fleece working people of their savings. If Reagan really was so good for the economy, why did the house of cards fall apart when Bush the elder got into office?
And as a member of the U.S Army at that time I had a full recollection of the "so-called" expansionist Soviet Union. Whatever expansionist plans the former Soviet Union had died on the battlefields of Afghanistan.
The Soviet Union became an economic impracticality. That more than anything else ended the Cold War.
Well that was convenient. Good thing they got in that war randomly and spent themselves into political evolution. LOL. You folks are freaking hilarious.
Hmmm, considering that this nut-job president started the debacle we are living today economically -- umm, yeah, worth going back 30 years to study history ... Why study history? Theory is it will help you avoid making the same mistakes in the future ... but apparently not.
Started what? Deregulation? Please enlighten us oh great one...
You conveniently missed where I pointed out he armed Iran, he secretly facilitated weapons shipments to Iran, our enemy. I also neglected to mention he funded the Contras, who were responsible for the crack epidemic via the huge proliferation of low price cocaine.
Obviously the economy was going to grow since it had bottomed out due to high oil prices and stagflation, same recovery would've happened had Carter been reelected. Reagan's union crushing completely killed the less educated working class, as did his complete deregulation of financial markets, allowing the greed-is-good Michael Milken types to fleece working people of their savings. If Reagan really was so good for the economy, why did the house of cards fall apart when Bush the elder got into office?
You people have been lied to for so long that you don't even know the truth or how to find it.
What does Christina Romer think about your "house of cards" theory?
Quote:
Over the past fifty years, there have been large changes in aggregate demand policy in the United States, and, as a consequence, substantial changes in economic performance. In the 1950s, monetary and fiscal policy were somewhat erratic, but moderate and aimed at low inflation. As a result, inflation was indeed low, and recessions were frequent
but mild. In the 1960s and 1970s, both monetary policy and fiscal policy were used aggressively to stimulate and support rapid economic growth, and for much of the period unemployment was remarkably low. But inflation became a persistent problem, and periodic severe recessions were necessary to keep inflation in check. In the 1980s and 1990s, aggregate demand policy became more temperate and once again committed to low inflation. Not surprisingly, inflation has been firmly under control for almost twenty years now, and the American economy experienced two decade-long expansions at the end of the twentieth century, interrupted only by one of the mildest postwar recessions.
Conservatives, what great things did Reagan do that makes you idolize him?
I'm no longer a conservative. I was Republican for decades but now I'm an independent. I proudly voted for Reagan in both 1980 and 1984. Although I don't idolize him, I do admire him and during his term, America felt like it was on the rebound after the Nixon Watergate scandal, failure in Vietnam, and the economic malaise of the Carter years. I'd say his greatest achievment was to re-energize the public after a difficult decade. It just felt like things were under control and in good hands following years of unsettled, unresolved issues that seemed almost too big to get ahold of.
It's clear why the GOP keeps wanting to resurrect him. Because the only living Republican ex-presidents aren't exactly beacons of success. What they never mention though is how well Reagan worked with a Democratic congress to achieve progress. Something the current hyperpartisan GOP wouldn't dream of. Reagan seemed to be interested in doing what was right for America, not whatever was best solely for his party.
Oh look, another one. How mentally challenged does one person have to be to continue to repeat the same lies as if they were the truth even though they've already be debunked in this thread.
How adorable lobbing personal insults when you have nothing backing you up. I'm not opening some memory hogging PDF but thanks for showing right wing true colors in the face of truth against their cult of personality leader
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Conservatives, what great things did Reagan do that makes you idolize him?
