Originally Posted by Vendzilla

Jesus, thats the best liberal spin I have have ever heard

During Jimmy Carter's last year in office (1980), inflation averaged 12.5%, compared to 4.4% during Reagan's last year in office (1988). Over those eight years, the unemployment rate declined from 7.5% to 5.3%, hitting highs of 9.7% (1982) and 9.6% (1983) and averaging 7.5% during Reagan's administration.

During Reagan's presidency, federal income tax rates were lowered significantly with the signing of the bipartisan Economic Recovery Tax Act of 1981. Real gross domestic product (GDP) growth recovered strongly after the 1982 recession and grew during his eight years in office at an annual rate of 3.85% per year. Unemployment peaked at 10.8% percent in December 1982?higher than any time since the Great Depression?then dropped during the rest of Reagan's presidency. Eighteen million new jobs were created, while inflation significantly decreased. The net effect of all Reagan-era tax bills was a 1% decrease in government revenues when compared to Treasury Department revenue estimates from the Administration's first post-enactment January budgets. However, federal Income Tax receipts almost doubled from 1980 to 1989, rising from $308.7Bn to $549.0Bn.

During the Reagan Administration, federal receipts grew at an average rate of 8.2% (2.5% attributed to higher Social Security receipts), and federal outlays grew at an annual rate of 7.1%.

Reagan also revised the tax code with the bipartisan Tax Reform Act of 1986.


Immigration Reform and Control Act in 1986
Too bad no one has enforced that

End of the cold war
By the early 1980s, the USSR had built up a military arsenal and army surpassing that of the United States. Previously, the U.S. had relied on the qualitative superiority of its weapons to essentially frighten the Soviets, but the gap had been narrowed. After President Reagan's military buildup, the Soviet Union did not further dramatically build up its military;the enormous military expenses, in combination with collectivized agriculture and inefficient planned manufacturing, were a heavy burden for the Soviet economy. At the same time, the Reagan Administration persuaded Saudi Arabia to increase oil production, which resulted in a drop of oil prices in 1985 to one-third of the previous level; oil was the main source of Soviet export revenues. These factors gradually brought the Soviet economy to a stagnant state during Gorbachev's tenure

We havn't had a good leader since