PubliusInfinitum
Rookie
- Aug 18, 2008
- 6,805
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- Banned
- #101
Are you kidding? You righties can't get past the Carter Administration. Or won't. That would require addressing the actions of Herr Bush.
Talking points indeed.
Reagan got his tax cut stimulus package passed early in 1981, but after unemployment rose from Carter's 7.5% to Reagan's 10.8% by Dec 1982 and the GDP for 1982 was -6.8%, no problem.
ROFLMNAO... Only a Leftist could assert that August 13th is representative of 'EARLY in 1981... which is when Reagan's first economic policy was signed into law...
Whatta lying sack of leftist... And the balance of this argument is filled with similar distortions...
The fact is that Reagan inherited the worst economic recession since WW2, when he took office; where he faced a strong majority of his political opposition in the congress... who did not get his FIRST economic policy SIGNED INTO LAW, thus was prevented from becoming US GOVERNEMNT POLICY UNTIL MID AUGUST OF 1981... That policy realized what is TO THIS DAY, the most dramatic improvement in economic conditions since US Economic stastistics have been collected, by the last quarter of 1983, Unemployment had fallen nearly three full percentage points...
OK, using August 1981 as Reagan's economic starting point, unemployment in July 1981 was 7.2%, down from the 7.5% when Reagan took office without his Economic Recovery Tax Act of 1981 enacted yet, and then soared one year and four months AFTER enactment to 10.8% by November 1982 in what you call "the most dramatic improvement in economic conditions since US Economic statistics have been collected."
When Reagan got the 1982 economic projections that showed his tax policy failure, St Ronnie then RAISED taxes 8 times in 6 years which is what brought about what you call "the most dramatic improvement in economic conditions since US Economic statistics have been collected."
ROFLMNAO...
What a load of revisionist PAP.
The US Econony was a CATASTROPHIC DISASTER when Reagan took office in january of 1981. Reagan's upbeat, pro-American-self reliance meassage was well received by all Americans, which spurred a positive influence on the economy; but the double digit interests rates and stagflation from the leftist economic policy since LBJ made economic growth of the economy nearly impossible; as it always does.
Reagan took office with unemployment at nearly 8% and his pro-American message and unwavering positive attitute pushed such back to just over 7% for most of 81 and all but the last quarter of 82 where unemployment spiked to 10.8% at the end of 82 and steadily declined due, in large measure, to Reagan fiscal policy of lowering Tax liabilities and his fight to maintain such against the steady drumbeat to increase tax liability upon the markets by the ideological left which controlled the congress, to 5.4% when he left office in January of 1989...
Reagan himself did not advocate for a SINGLE tax increase on anyone... but he did sign legislation which came to him from the Congress which suffered from overwhelming leftist majorities; What the left NEVER wants to admit, despite such being indisputable, is that Reagan only agreed to increase taxes, through negotiations where Congress agreed to cut SPENDING, DOLLAR FOR DOLLAR, for to offset the taxes he agreed to raise; of course the left being LIARS by nature, increased the taxes and NEVER CUT A DIME OF SPENDING...
In effect Reagan's economic policies, cannot be set against a SINGLE negative economic reaction or correlated to a negative effect... and in FACT resulted in cutting the unemployment rate from its high of 10.8% to 5.4%.
The Left wants to argue that the Recession inherited by Reagan, caused by manipulations of the Markets, through economic policies of the Leftist Legislature and liberal Presidents going back to LBJ... are correlated directly to the recession in economic growth, THEN; as they are correlated to the EXACT same problems we're experiencing today... and for the same reasons.
