MarathonMike
Diamond Member
The next time some Liberal tries to sell you the snake oil that Ronald Reagan "Destroyed" the middle class, feel free to reference this very accurate description of what REALLY happened during the 80s under Reagan and Bush Senior's first year. There are many other references that tell the real truth about Reaganomics.
The truth is, America was stuck in a quagmire economy from 1970 until 1982. Unemployment was high, wages were low, Interest rates on mortgages were 15%. Then Reaganomics kicked in and and everything changed. Millions of jobs were created in all sectors, the stock market skyrocketed and just about every economic indicator was positive. The middle class "shrunk" because twice as many people moved up and out of the middle class as moved down. Rachel Maddow and the rest of you Lib stooges can stick your revisionist history. I was there and it was a boom time in every sense of the word.
The Reagan Boom - Greatest Ever
The truth is, America was stuck in a quagmire economy from 1970 until 1982. Unemployment was high, wages were low, Interest rates on mortgages were 15%. Then Reaganomics kicked in and and everything changed. Millions of jobs were created in all sectors, the stock market skyrocketed and just about every economic indicator was positive. The middle class "shrunk" because twice as many people moved up and out of the middle class as moved down. Rachel Maddow and the rest of you Lib stooges can stick your revisionist history. I was there and it was a boom time in every sense of the word.
The Reagan Boom - Greatest Ever