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Check the dates of legislation, spending, and recovery, then come back and admit you are a toid.
.It took Reagan 17 months to straighten out Jimmy Carter's mess he left. Unemployment actually rose during the first months of his presidency to over 10% (sound familiar?) Inflation jumped to 13.5%
Bill Clinton lied last night saying no other president faced what Obama was facing. Reagan's was just as bad if not worse.
When Reagan took office the economy was one of the double-digit inflation and high interest rates. During the campaign Reagan promised to restore the free market from excessive government regulation and encourage private initiative and enterprise.
Reagan's economic policies came to be known as "Reaganomics," an attempt, according to Lou Cannon, to "balance the federal budget, increase defense spending, and cut income taxes." The President vowed to protect entitlement programs (such as Medicare and Social Security) while cutting the outlays for social programs by targeting "waste, fraud and abuse." Reagan embraced the theory of "supply side economics," which postulated that tax cuts encouraged economic expansion which in turn increased the government's revenue at a lower tax rate.
During his first year in office, Reagan engineered the passage of $39 billion in budget cuts into law, as well as a massive 25 percent tax cut spread over three years for individual, and faster write-offs for capital investment for business. At the same time, he insisted on, and for the most part, was successful in gaining increased funding for defense.
Although inflation dropped from 13.5% in 1980 to 5.1% in 1982, a severe recession set in, with unemployment exceeding 10% in October, 1982 for the first time in forty years. The administration modified its economic policy after two years by proposing selected tax increases and budget cuts to control rising deficits and higher interest rates. After the 1982 downturn, the reduced inflation rate (under 5% for the remainder of the administration) sparked record economic growth, and produced one of the lowest unemployment rates in modern U.S. history (unemployment hit a 14 year low in June of 1988). As Reagan left office, the nation was experiencing its sixth consecutive year of economic prosperity.
The economic gains, however, came at a cost of a record annual deficit and a ballooning national debt. The budget deficit was exacerbated by a trade deficit. Americans continued to buy more foreign-made goods than they were selling. Reagan, however adhered to his free trade stance, and signed an agreement to that effect with Canada. He also signed, reluctantly, trade legislation designed to open foreign markets to U.S. goods.
Ronald Reagan Presidential Library, National Archives and Records Administration
Reaganomics - Wikipedia, the free encyclopedia
.It took Reagan 17 months to straighten out Jimmy Carter's mess he left. Unemployment actually rose during the first months of his presidency to over 10% (sound familiar?) Inflation jumped to 13.5%
Bill Clinton lied last night saying no other president faced what Obama was facing. Reagan's was just as bad if not worse.
When Reagan took office the economy was one of the double-digit inflation and high interest rates. During the campaign Reagan promised to restore the free market from excessive government regulation and encourage private initiative and enterprise.
Reagan's economic policies came to be known as "Reaganomics," an attempt, according to Lou Cannon, to "balance the federal budget, increase defense spending, and cut income taxes." The President vowed to protect entitlement programs (such as Medicare and Social Security) while cutting the outlays for social programs by targeting "waste, fraud and abuse." Reagan embraced the theory of "supply side economics," which postulated that tax cuts encouraged economic expansion which in turn increased the government's revenue at a lower tax rate.
During his first year in office, Reagan engineered the passage of $39 billion in budget cuts into law, as well as a massive 25 percent tax cut spread over three years for individual, and faster write-offs for capital investment for business. At the same time, he insisted on, and for the most part, was successful in gaining increased funding for defense.
Although inflation dropped from 13.5% in 1980 to 5.1% in 1982, a severe recession set in, with unemployment exceeding 10% in October, 1982 for the first time in forty years. The administration modified its economic policy after two years by proposing selected tax increases and budget cuts to control rising deficits and higher interest rates. After the 1982 downturn, the reduced inflation rate (under 5% for the remainder of the administration) sparked record economic growth, and produced one of the lowest unemployment rates in modern U.S. history (unemployment hit a 14 year low in June of 1988). As Reagan left office, the nation was experiencing its sixth consecutive year of economic prosperity.
The economic gains, however, came at a cost of a record annual deficit and a ballooning national debt. The budget deficit was exacerbated by a trade deficit. Americans continued to buy more foreign-made goods than they were selling. Reagan, however adhered to his free trade stance, and signed an agreement to that effect with Canada. He also signed, reluctantly, trade legislation designed to open foreign markets to U.S. goods.
Ronald Reagan Presidential Library, National Archives and Records Administration
Reaganomics - Wikipedia, the free encyclopedia
Clinton lied last night? You only caught one of several dozen, but good catch anyway
It took Reagan 17 months to straighten out Jimmy Carter's mess he left. Unemployment actually rose during the first months of his presidency to over 10% (sound familiar?) Inflation jumped to 13.5%
Bill Clinton lied last night saying no other president faced what Obama was facing. Reagan's was just as bad if not worse.
When Reagan took office the economy was one of the double-digit inflation and high interest rates. During the campaign Reagan promised to restore the free market from excessive government regulation and encourage private initiative and enterprise.
Reagan's economic policies came to be known as "Reaganomics," an attempt, according to Lou Cannon, to "balance the federal budget, increase defense spending, and cut income taxes." The President vowed to protect entitlement programs (such as Medicare and Social Security) while cutting the outlays for social programs by targeting "waste, fraud and abuse." Reagan embraced the theory of "supply side economics," which postulated that tax cuts encouraged economic expansion which in turn increased the government's revenue at a lower tax rate.
During his first year in office, Reagan engineered the passage of $39 billion in budget cuts into law, as well as a massive 25 percent tax cut spread over three years for individual, and faster write-offs for capital investment for business. At the same time, he insisted on, and for the most part, was successful in gaining increased funding for defense.
Although inflation dropped from 13.5% in 1980 to 5.1% in 1982, a severe recession set in, with unemployment exceeding 10% in October, 1982 for the first time in forty years. The administration modified its economic policy after two years by proposing selected tax increases and budget cuts to control rising deficits and higher interest rates. After the 1982 downturn, the reduced inflation rate (under 5% for the remainder of the administration) sparked record economic growth, and produced one of the lowest unemployment rates in modern U.S. history (unemployment hit a 14 year low in June of 1988). As Reagan left office, the nation was experiencing its sixth consecutive year of economic prosperity.
The economic gains, however, came at a cost of a record annual deficit and a ballooning national debt. The budget deficit was exacerbated by a trade deficit. Americans continued to buy more foreign-made goods than they were selling. Reagan, however adhered to his free trade stance, and signed an agreement to that effect with Canada. He also signed, reluctantly, trade legislation designed to open foreign markets to U.S. goods.
Ronald Reagan Presidential Library, National Archives and Records Administration
Reaganomics - Wikipedia, the free encyclopedia
Check the dates of legislation, spending, and recovery, then come back and admit you are a toid.
The untruth of your post returns to you. I've already shown Reagan restored a worse recession in less than half the time Obama had.
It's all the smoke and mirrors the Dems are spewing.
Starkey, you are most definitely not a Republican. Why do you continue to lie about it??
It took Reagan 17 months to straighten out Jimmy Carter's mess he left. Unemployment actually rose during the first months of his presidency to over 10% (sound familiar?) Inflation jumped to 13.5%
Bill Clinton lied last night saying no other president faced what Obama was facing. Reagan's was just as bad if not worse.
When Reagan took office the economy was one of the double-digit inflation and high interest rates. During the campaign Reagan promised to restore the free market from excessive government regulation and encourage private initiative and enterprise.
Reagan's economic policies came to be known as "Reaganomics," an attempt, according to Lou Cannon, to "balance the federal budget, increase defense spending, and cut income taxes." The President vowed to protect entitlement programs (such as Medicare and Social Security) while cutting the outlays for social programs by targeting "waste, fraud and abuse." Reagan embraced the theory of "supply side economics," which postulated that tax cuts encouraged economic expansion which in turn increased the government's revenue at a lower tax rate.
During his first year in office, Reagan engineered the passage of $39 billion in budget cuts into law, as well as a massive 25 percent tax cut spread over three years for individual, and faster write-offs for capital investment for business. At the same time, he insisted on, and for the most part, was successful in gaining increased funding for defense.
Although inflation dropped from 13.5% in 1980 to 5.1% in 1982, a severe recession set in, with unemployment exceeding 10% in October, 1982 for the first time in forty years. The administration modified its economic policy after two years by proposing selected tax increases and budget cuts to control rising deficits and higher interest rates. After the 1982 downturn, the reduced inflation rate (under 5% for the remainder of the administration) sparked record economic growth, and produced one of the lowest unemployment rates in modern U.S. history (unemployment hit a 14 year low in June of 1988). As Reagan left office, the nation was experiencing its sixth consecutive year of economic prosperity.
The economic gains, however, came at a cost of a record annual deficit and a ballooning national debt. The budget deficit was exacerbated by a trade deficit. Americans continued to buy more foreign-made goods than they were selling. Reagan, however adhered to his free trade stance, and signed an agreement to that effect with Canada. He also signed, reluctantly, trade legislation designed to open foreign markets to U.S. goods.
Ronald Reagan Presidential Library, National Archives and Records Administration
Reaganomics - Wikipedia, the free encyclopedia
Are you familiar with the term STAGFLATION? Look it up, you may find the the challenges faced by President Carter were not of his doing (or continue your mission with the Ministry of Truth).
So tell me again how Reagan eliminated stagflation so quickly when Carter had so much trouble with it.Gosh, you historical revisionists really make me nostalgic for the Reagan gas shortages, the job losses, the enormous increase in the deficit.
Reagan put us deeper in debt than all other presidents combined.
And then he left for another vacation.
After 1980, oil prices began a 20-year decline down to a 60 percent price drop in the 1990s. Oil exporters such as Mexico, Nigeria, and Venezuela expanded production ; USSR became the first world producer, and North Sea and Alaskan oil flooded onto the market.
Gosh, you historical revisionists really make me nostalgic for the Reagan gas shortages, the job losses, the enormous increase in the deficit.
Reagan put us deeper in debt than all other presidents combined.
And then he left for another vacation.
The gas shortages were during Jimmy Carter's regime. I don't remember any during Reagan's 8 years.
After 1980, oil prices began a 20-year decline down to a 60 percent price drop in the 1990s. Oil exporters such as Mexico, Nigeria, and Venezuela expanded production ; USSR became the first world producer, and North Sea and Alaskan oil flooded onto the market.
After 36 months of failed Friedman programs, Reagan finally gave in to tax revenues and increased defense spending. Worked.
Post your source and tell us how you were personally affected by Reagan...I think you are about twenty and making shit up as you go.
Start with naturegirl for posting her source. She made the affirmation, I corrected her, and you want me to post my source.
Not how it works.
But look up Unemployment in October 1983 and come back and tell us what it was. Hmmm?
After 36 months of failed Friedman programs, Reagan finally gave in to tax revenues and increased defense spending. Worked.
Post your source and tell us how you were personally affected by Reagan...I think you are about twenty and making shit up as you go.
Nope, you get to ask for nothing, because I was responding to naturegirl's incorrect information.
You have nothing to add.
Reagan's recession was tough but not as tough as this one. I have been through both as well as the oil embargos. The bushies' wild west escapades domestically and internationally damn near broke the country. Obama has managed to not destroy the country but that is not enough. Romney is going to have to turn it around, or he will be a one-term president, and if he is, the changing demographics in our county will make the last Republican president in American history.
Sweetie, this one is harder because Washington has no clue how to end it. My stats didn't fail, Reagan fixed a worse economy in 17 months.
Nope, you get to ask for nothing, because I was responding to naturegirl's incorrect information.
You have nothing to add.
Meaning you don't know shit about shit and are simply content to lie.
You are dismissed kid.
Reagan was allowed to triple the debt to force a recovery. He did not have to contend with massive layoffs in the public sector while he was trying to cut the unemployment rate
Would you give a monetary amount (including inflation) that Reagan spent over his 8 years and compare that to what Obama has spent in 3+ years?
I'll be waiting, Leftwinger.
It took Reagan 17 months to straighten out Jimmy Carter's mess he left. Unemployment actually rose during the first months of his presidency to over 10% (sound familiar?) Inflation jumped to 13.5%
Bill Clinton lied last night saying no other president faced what Obama was facing. Reagan's was just as bad if not worse.
When Reagan took office the economy was one of the double-digit inflation and high interest rates. During the campaign Reagan promised to restore the free market from excessive government regulation and encourage private initiative and enterprise.
Reagan's economic policies came to be known as "Reaganomics," an attempt, according to Lou Cannon, to "balance the federal budget, increase defense spending, and cut income taxes." The President vowed to protect entitlement programs (such as Medicare and Social Security) while cutting the outlays for social programs by targeting "waste, fraud and abuse." Reagan embraced the theory of "supply side economics," which postulated that tax cuts encouraged economic expansion which in turn increased the government's revenue at a lower tax rate.
During his first year in office, Reagan engineered the passage of $39 billion in budget cuts into law, as well as a massive 25 percent tax cut spread over three years for individual, and faster write-offs for capital investment for business. At the same time, he insisted on, and for the most part, was successful in gaining increased funding for defense.
Although inflation dropped from 13.5% in 1980 to 5.1% in 1982, a severe recession set in, with unemployment exceeding 10% in October, 1982 for the first time in forty years. The administration modified its economic policy after two years by proposing selected tax increases and budget cuts to control rising deficits and higher interest rates. After the 1982 downturn, the reduced inflation rate (under 5% for the remainder of the administration) sparked record economic growth, and produced one of the lowest unemployment rates in modern U.S. history (unemployment hit a 14 year low in June of 1988). As Reagan left office, the nation was experiencing its sixth consecutive year of economic prosperity.
The economic gains, however, came at a cost of a record annual deficit and a ballooning national debt. The budget deficit was exacerbated by a trade deficit. Americans continued to buy more foreign-made goods than they were selling. Reagan, however adhered to his free trade stance, and signed an agreement to that effect with Canada. He also signed, reluctantly, trade legislation designed to open foreign markets to U.S. goods.
Ronald Reagan Presidential Library, National Archives and Records Administration
Reaganomics - Wikipedia, the free encyclopedia
