NY Times article: Reagan Boom greatest economic expansion EVER.

Discussion in 'Politics' started by MarathonMike, Oct 17, 2017.

  1. MarathonMike
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    MarathonMike Platinum Member

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    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
     
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  2. Weatherman2020
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    Weatherman2020 Educating Libs Since 1978

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    Over a million jobs gained in a month.
    The left cheered when the community organizer got 20,000.
     
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  3. BlackFlag
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    BlackFlag I haz hoisted it!

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    What about the debt being tripled?
     
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  4. Weatherman2020
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    Weatherman2020 Educating Libs Since 1978

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    Reagan won the Cold War, allowing future savings possible.
     
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  5. Dragonlady
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    Dragonlady Designing Woman

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    That piece was written in 1990, before the extent of the damage done by the Reagan Administration was known, and it was an Opinion piece written by one of Reagan's economic advisors. No bias there at all. :rolleyes:
     
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  6. busybee01
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    busybee01 VIP Member

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    The debt to GDP ratio dropped during the Reagan Administration as revenues poured into the Treasury from the stronger economy. Even the deficits were dropping as the Reagan Administration came to a end.
     
  7. Snouter
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    Snouter Can You Smell Me

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    One of stupidest things I did was sell most of my ETFs and mutual funds when The Donald won the election, the assumption being The Wall Street Swamp would try to sabotage him. They cannot stop the economy though thriving after removing Obama era anti-American crap, unless the Fed gets crazy. Opportunity cost...sucks. Any slight pull back is a buy opportunity as long as we have The Donald clearing the way and eliminating Obama era anti-American crap.
     
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  8. francoHFW
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    francoHFW Diamond Member

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    Reagan ISM has been destroying the middle class and the country ever since... We have to tax the rich their fair share and use the money for infrastructure and services and cheap Education and Training for the middle class duh... See signature. Gorby destroyed the USSR with glasnost and perestroika. We're lucky Reagan didn't bring back the hardliners with his stupid Bluster.
     
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  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    What a total ProgDuppe
     
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  10. Moonglow
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    Moonglow Diamond Member

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    Published in 1990, lol....The Reagan boom never made it to where I lived it was still low wages and few jobs until Clinton was president.,...
     
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