Quote:
Originally Posted by Robbie
Reagan: "The unemployment rate declined from 7.0 percent in 1980 to 5.4 percent in 1988. The inflation rate declined from 10.4 percent in 1980 to 4.2 percent in 1988"
|
You have to look at the entirety of what Reagan did because at the end of the day, it was not a balanced, sound policy that benefited everyone. And of course it ended in a recession due to the growth of the deficit... Reaganomics was great for the GDP and big business, but it wasn't good for the country in the long run.
http://en.wikipedia.org/wiki/Reaganomics
A more balanced approach is needed that takes out the high highs and low lows. Something that Germany seems to have gotten a handle on although they're not perfect either.