NY Times article: Reagan Boom greatest economic expansion EVER.

[Bootney Lee Farnsworth]

I thought Regan ushered in the era of its all the poor peoples fault.

Who is blaming the poor?

Giving businesses the ability to give the poor jobs was a bad idea?

 

[bendog]

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

Over a million jobs gained in a month.
The left cheered when the community organizer got 20,000.

FAKE NEWS. TRUMP told us the FAILING NYT is always FAKE NEWS

 

[NYcarbineer]

The US economy was vastly different in 1982 than it is now.

 

[francoHFW]

I thought Regan ushered in the era of its all the poor peoples fault.

Mario Cuomo said Reagan made it acceptable to blame poor people... Reagan ism has wrecked the country and the middle class. See signature

 

[Tax Man]

The original concept of capitalism is that investors and entrepreneurs are allowed to pursue profits because that's good for everyone. Private ownership and free-market competition drive the creation of wealth, and raise the standard of living. So profit is a means to an end. But under Reagan, we lost sight of this original purpose, profit became the end in itself. This led to the concentration of wealth and slow decline in the standard of living for most people, a trend that continues to this day.

Reagan deregulated many industries, in effect destroying competition and creating oligopolies. For example, his deregulation of airlines resulted in every single airline in the US going bankrupt except two. His deregulation of broadcasting resulted in the entire industry being dominated by a few enormously powerful players, like Disney and Clear Channel.

Under Reagan, money became more powerful in politics than ever before. So powerful that today we don't really have elections, we have auctions. The candidate who spends more money wins about 98% of the time. This has made it easier for powerful corporations to 'buy' politicians.

The concentration of wealth created a whole new class of millionaires, but for each new millionaire there were several hundred new homeless. The poor were demonized and Republican politicians and their mouthpieces in the media directed the public's anger at them for being a drag on the economy, while actually, all along, it was the rich who were really ripping us off. The city of Los Angeles installed a fingerprint system to guard against welfare fraud. The system cost $30 million, and it caught -one- welfare cheat. Meanwhile for the first time in US history corporate fraud and white collar crime cost us more than street crime, did more damage, and even arguably resulted in more deaths.

Reagan's deregulation of the savings and loan industry ended in a debacle that cost Americans $500 billion. I wonder how many Americans realize that the current banking debacle based on subprime mortgages is the THIRD huge financial services disaster in as many decades caused by imprudent Republican deregulation.

Reagan also began (or accelerated) the export of American manufacturing overseas. In fact the US govt. actually subsidizes corporations to move jobs overseas, making investors richer and working people poorer.

 

[miketx]

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

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.

The thing you overlook is that the ultra liars club NYT printed it.

 

[regent]

Reagan did two great things in his life;, one he voted for FDR four times and understood a little of what FDR was trying to do. So he used Keynes as had FDR, but now conservatives loved what Reagan was doing: borrow more money and spend it. And that's about the extent of our knowledge to fight recessions and depressions.

 

[Toddsterpatriot]

The original concept of capitalism is that investors and entrepreneurs are allowed to pursue profits because that's good for everyone. Private ownership and free-market competition drive the creation of wealth, and raise the standard of living. So profit is a means to an end. But under Reagan, we lost sight of this original purpose, profit became the end in itself. This led to the concentration of wealth and slow decline in the standard of living for most people, a trend that continues to this day.

Reagan deregulated many industries, in effect destroying competition and creating oligopolies. For example, his deregulation of airlines resulted in every single airline in the US going bankrupt except two. His deregulation of broadcasting resulted in the entire industry being dominated by a few enormously powerful players, like Disney and Clear Channel.

Under Reagan, money became more powerful in politics than ever before. So powerful that today we don't really have elections, we have auctions. The candidate who spends more money wins about 98% of the time. This has made it easier for powerful corporations to 'buy' politicians.

The concentration of wealth created a whole new class of millionaires, but for each new millionaire there were several hundred new homeless. The poor were demonized and Republican politicians and their mouthpieces in the media directed the public's anger at them for being a drag on the economy, while actually, all along, it was the rich who were really ripping us off. The city of Los Angeles installed a fingerprint system to guard against welfare fraud. The system cost $30 million, and it caught -one- welfare cheat. Meanwhile for the first time in US history corporate fraud and white collar crime cost us more than street crime, did more damage, and even arguably resulted in more deaths.

Reagan's deregulation of the savings and loan industry ended in a debacle that cost Americans $500 billion. I wonder how many Americans realize that the current banking debacle based on subprime mortgages is the THIRD huge financial services disaster in as many decades caused by imprudent Republican deregulation.

Reagan also began (or accelerated) the export of American manufacturing overseas. In fact the US govt. actually subsidizes corporations to move jobs overseas, making investors richer and working people poorer.

In fact the US govt. actually subsidizes corporations to move jobs overseas,

Please share your definition of subsidize. You claim doesn't fit this one.....

to aid or promote (someone or something, such as a private enterprise) with public money

Definition of SUBSIDIZE

 

[francoHFW]

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.

What a total ProgDuppe

Any actual argument, dingbat dupe? You people are the results of 30 years of b******* brainwashing about Reagan. Everyone was sick to death of them when he left office. Talk about a swamp...

 

[initforme]

I lived through the 80s. One thing i can say was I walked off 2 jobs without notice into higher paying jobs....no notice to my employers and it was a most GRATIFYING feeling to do that. White collar jobs were easy to find and it felt so very good to walk away when needed. Blue collar jobs were not that way. I'm the end it was the same old status quo.