Quote:
Originally Posted by $5 submissions
What made Reagan a GREAT president in my book was the following:
Paul Volcker had a plan to FUCK INFLATION once and for all. However, it will be EXTREMELY PAINFUL. Reagan bit the bullet. He put the country first instead of his reelection chances. If the plan went to shit, he knows he will go down as one of the most hated presidents. The chances of success were slim. But he knew that STAGFLATION is NOT the destiny of the American people. So he took the hit.
The same goes with spending cuts. America was well on its way to being a social democratic state (socialist), he dug his heels and cut spending and cut taxes. Very unpopular.
The result was the LONGEST peacetime economic expansion in the USA.
My favorite speech of his was the "shining city on a hill".
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Reagan increased spending more than any President in History. And his tax cuts had to be reversed, even though he took in more tax revenue, it was only the money he dished out, so it wasn't enough to pay anything back ie: massive deficit growth.
The rest is spot on though... Why does he get credit for peacetime expansion when it happened under other Presidents that reversed his policies?