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Originally Posted by Vendzilla
Sorry, don't buy that, most of downtown LA was built during Reagans Administration, I know, I was working there
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Tucson is still growing, housing still being built... AZ is actually doing rather well compared to other States right now. Does that mean because I live here, every restaurant is super packed, houses sell in a few weeks to a month, does this mean the rest of the Country is doing perfectly fine because it's kicking ass here?
It's without question that the 80's had a hell of a recession, job issues and had crazy high interest rates, the housing market was dead in the water and personal savings was extremely low. With the 80's, after inflation adjustment, the 80's had a 19.04% growth rate. Compared to 45% during the 70's and 39-54% during the 90's.
http://en.wikipedia.org/wiki/Nationa...idential_terms
I would like you to pay attention to which party increases our National Debt and look at the %'s that Obama was left to deal with. Also notice Reagan sky rocked the Debt with his policy changes. Then Bush Jr does tax cuts and explodes our spending.
Clinton has a lot to thank H.W. Bush though, he took the heat of the correction and Clinton was able to capitalize on that greatly. But once we went back to the way it was done, shit went crazy once again.
Maybe you should give Obama another year.. it took the mighty Reagen two terms to do anything that could be counted as helpful, outside of the damage he did.