Quote:
Originally Posted by MK Ultra
And here I thought it was because it's an election year and the dems appear to be on the losing side so the administation created this "cause" to gin-up the liberal base to get them to go out and vote while at the same time buying the poor vote using private sector money. |
That too!
Quote:
|
What Republican Saint Regan did, is common knowledge. Righties like you are hoping that after 30 years people will have forgot what a dick he was. Not gonna happen. I bet you are hoping that in 30 years, people will have forgot that Soon to be Republican Saint George W Bush Started a War that lasted for 10 years and killed tens of thousands of people, for wrong reason. Not gonna happen either.
|
The Reagan recovery started in official records in November 1982, and lasted 92 months without a recession until July 1990, when the tax increases of the 1990 budget deal killed it. This set a new record for the longest peacetime expansion ever, the previous high in peacetime being 58 months.
During this seven-year recovery, the economy grew by almost one-third, the equivalent of adding the entire economy of West Germany, the third-largest in the world at the time, to the U.S. economy. In 1984 alone real economic growth boomed by 6.8%, the highest in 50 years. Nearly 20 million new jobs were created during the recovery, increasing U.S. civilian employment by almost 20%. Unemployment fell to 5.3% by 1989
The shocking rise in inflation during the Nixon and Carter years was reversed. Astoundingly, inflation from 1980 was reduced by more than half by 1982, to 6.2%. It was cut in half again for 1983, to 3.2%, never to be heard from again until recently. The contractionary, tight-money policies needed to kill this inflation inexorably created the steep recession of 1981 to 1982, which is why Reagan did not suffer politically catastrophic blame for that recession.
Real per-capita disposable income increased by 18% from 1982 to 1989, meaning the American standard of living increased by almost 20% in just seven years. The poverty rate declined every year from 1984 to 1989, dropping by one-sixth from its peak. The stock market more than tripled in value from 1980 to 1990, a larger increase than in any previous decade.
So if you can understand that, which I doubt, please tell me where he was a bad president!