Obama's Economic Miracle

[Toro]

I think Obama's economic performance will give Republicans a lot to worry about in November. His handling of the economy has been almost on par with his grasp of US Constitutional Law.

Consider, the Obama Economic Miracle:

4 straight years of almost 92% employment

Only downgraded once!

Reagan, the Decade of Greed President had whole budgets that were less than Obama deficits!

And he did it all without ever signing a single budget

1. Twice:
Credit rating agency Egan Jones downgraded the United States Thursday on concern over the sustainability of public debt. Egan Jones is one of the most important ratings firms in the world; they lowered our credit level from AA+ to AA. The firm reduced America from AAA to AA+ in July 2011, just before Standard & Poor's did the same.

Egan Jones warned. "Without some structural changes soon, restoring credit quality will become increasingly difficult . . . without some structural changes soon, restoring credit quality will become increasingly difficult."

Read more: Egan Jones Downgrades US Credit Rating - US Credit Rating Downgrade - Fox Nation


2. "By the end of the summer of Reagan's third year in office, the economy was soaring. The GDP growth rate was 5% and racing toward 7%, even 8% growth. In 1983 and '84 output was growing so fast the biggest worry was that the economy would "overheat." In the summer of 2011 we have an economy limping along at barely 1% growth and by some indications headed toward a "double-dip" recession. By the end of Reagan's first term, it was Morning in America. Today there is gloomy talk of America in its twilight."
Stephen Moore: Obamanonics vs. Reaganomics - WSJ.com

Nobody pays attention to Egan-Jones.

They should, but they don't.

 

[PoliticalChic]

I think Obama's economic performance will give Republicans a lot to worry about in November. His handling of the economy has been almost on par with his grasp of US Constitutional Law.

Consider, the Obama Economic Miracle:

4 straight years of almost 92% employment

Only downgraded once!

Reagan, the Decade of Greed President had whole budgets that were less than Obama deficits!

And he did it all without ever signing a single budget

1. Twice:
Credit rating agency Egan Jones downgraded the United States Thursday on concern over the sustainability of public debt. Egan Jones is one of the most important ratings firms in the world; they lowered our credit level from AA+ to AA. The firm reduced America from AAA to AA+ in July 2011, just before Standard & Poor's did the same.

Egan Jones warned. "Without some structural changes soon, restoring credit quality will become increasingly difficult . . . without some structural changes soon, restoring credit quality will become increasingly difficult."

Read more: Egan Jones Downgrades US Credit Rating - US Credit Rating Downgrade - Fox Nation


2. "By the end of the summer of Reagan's third year in office, the economy was soaring. The GDP growth rate was 5% and racing toward 7%, even 8% growth. In 1983 and '84 output was growing so fast the biggest worry was that the economy would "overheat." In the summer of 2011 we have an economy limping along at barely 1% growth and by some indications headed toward a "double-dip" recession. By the end of Reagan's first term, it was Morning in America. Today there is gloomy talk of America in its twilight."
Stephen Moore: Obamanonics vs. Reaganomics - WSJ.com

Nobody pays attention to Egan-Jones.

They should, but they don't.

So.....your point is......?



You're really rubbing it in with that Vancouver thing.......

 

[Toro]

1. Twice:
Credit rating agency Egan Jones downgraded the United States Thursday on concern over the sustainability of public debt. Egan Jones is one of the most important ratings firms in the world; they lowered our credit level from AA+ to AA. The firm reduced America from AAA to AA+ in July 2011, just before Standard & Poor's did the same.

Egan Jones warned. "Without some structural changes soon, restoring credit quality will become increasingly difficult . . . without some structural changes soon, restoring credit quality will become increasingly difficult."

Read more: Egan Jones Downgrades US Credit Rating - US Credit Rating Downgrade - Fox Nation


2. "By the end of the summer of Reagan's third year in office, the economy was soaring. The GDP growth rate was 5% and racing toward 7%, even 8% growth. In 1983 and '84 output was growing so fast the biggest worry was that the economy would "overheat." In the summer of 2011 we have an economy limping along at barely 1% growth and by some indications headed toward a "double-dip" recession. By the end of Reagan's first term, it was Morning in America. Today there is gloomy talk of America in its twilight."
Stephen Moore: Obamanonics vs. Reaganomics - WSJ.com

Nobody pays attention to Egan-Jones.

They should, but they don't.

So.....your point is......?



You're really rubbing it in with that Vancouver thing.......

It only counts if Lord Stanley comes home.

Egan Jones is good but they aren't on the radar. If Moody's hadn't downgraded the US, nobody would know that the government had been downgraded.

 

[PoliticalChic]

Nobody pays attention to Egan-Jones.

They should, but they don't.

So.....your point is......?



You're really rubbing it in with that Vancouver thing.......

It only counts if Lord Stanley comes home.

Egan Jones is good but they aren't on the radar. If Moody's hadn't downgraded the US, nobody would know that the government had been downgraded.

(Damn Oilers)

But you and I know that it did not happen in a vacuum....

...and I believe it is one more straw that will break this administration's back.

(OK...a terrible mixing of metaphors)

 

[starcraftzzz]

1. “Between the early 1980s and 2007 we lived in an economic Golden Age. Never before have so many people advanced so far economically in so short a period of time as they have during the last 25 years. Until the credit crisis, 70 million people a year were joining the middle class. The U.S. kicked off this long boom with the economic reforms of Ronald Reagan, particularly his enormous income tax cuts. We burst from the economic stagnation of the 1970s into a dynamic, innovative, high-tech-oriented economy. Even in recent years the much-maligned U.S. did well. Between year-end 2002 and year-end 2007 U.S. growth exceeded the entire size of China's economy.”

ROTFL I notice you you left of the years 2008-2010. Nice cherry picking.
Also GDP growth from 1950-1980 was 60% higher then GDP growth after 1980.
Also the poverty rate from 1950-1980 declined by 57% while it increased by 20% after 1980.
Its odd how your economic miracle had lower growth and much more poverty

Come back when you can do something other then copy and paste and are able to think for yourself. which means never come back

Links.....?

"Come back when you can do something other then copy and paste and are able to think for yourself. which means never come back...:"
How typical of an Obama supporter to fear actual knowledge....and to find someone who reads to have an
unfair advantage...
I’ll slow down…I didn’t realize it was an ‘idiot x-ing.’
Sounds like you took the spanking you deserved....and that line sure sounds a lot like fear of another one....
I didn’t mean to hurt your feelings…I was aiming lower.
Looking forward to your repeat of that highlight-reel faceplant.

U.S. Bureau of Economic Analysis (BEA)
File:US poverty rate timeline.gif - Wikipedia, the free encyclopedia

ROTFL at the idea that you have knowledge if what you have is considered knowledge then I must be God.

 

[PoliticalChic]

ROTFL I notice you you left of the years 2008-2010. Nice cherry picking.
Also GDP growth from 1950-1980 was 60% higher then GDP growth after 1980.
Also the poverty rate from 1950-1980 declined by 57% while it increased by 20% after 1980.
Its odd how your economic miracle had lower growth and much more poverty

Come back when you can do something other then copy and paste and are able to think for yourself. which means never come back

Links.....?

"Come back when you can do something other then copy and paste and are able to think for yourself. which means never come back...:"
How typical of an Obama supporter to fear actual knowledge....and to find someone who reads to have an
unfair advantage...
I’ll slow down…I didn’t realize it was an ‘idiot x-ing.’
Sounds like you took the spanking you deserved....and that line sure sounds a lot like fear of another one....
I didn’t mean to hurt your feelings…I was aiming lower.
Looking forward to your repeat of that highlight-reel faceplant.

U.S. Bureau of Economic Analysis (BEA)
File:US poverty rate timeline.gif - Wikipedia, the free encyclopedia

ROTFL at the idea that you have knowledge if what you have is considered knowledge then I must be God.

The statement was the following...
'The poverty rate, which had started to rise under Carter, declined every year from 1984 to 1989, dropping by one sixth from its peak.' The Reagan Information Pageoverty Rates

Your link proves same.....
But I can see why you'd wish to change the subject.

Nor were you able to disprove any of the following from the same post:

'5. The benefits from Reaganomics:
a. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
b. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
c. Unemployment fell to 5.5% from 7.1% (Table B-35)
d. Prime interest rate fell by one-third.(Table B-73)
e. The S & P 500 jumped 124% (Table B-95) FDsys - Browse ERP
f. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116 '


That's what meant by 'knowledge,' booooooyyyyyyyyy.


As for 'I must be God'.....

you proved that you are dyslexic....surely you meant 'dog.'

 

[regent]

So again, if the economy was so rosy under Reagan, why did he triple the debt?

 

[Listening]

I think Obama's economic performance will give Republicans a lot to worry about in November. His handling of the economy has been almost on par with his grasp of US Constitutional Law.
Consider, the Obama Economic Miracle:
4 straight years of almost 92% employment
Only downgraded once!
Reagan, the Decade of Greed President had whole budgets that were less than Obama deficits!
And he did it all without ever signing a single budget

Given that Reagan inherited a budget deficit around 1% of GDP, an economy growing at around 2%, and Obama inherited a budget deficit over 10% of GDP and an economy shrinking at around 6% anyone who concludes that Reagan performed better then Obama is either being dishonest or is a brainwashed tool.

Only 10% of the current deficit is due to Obama polices, while the vast majority of Reagan's deficit was due to Reagan policies.

Also if government spending under Obama had increased at the same rate under Reagan then the unemployment rate would actually be lower now then it was at the same time under Reagan.

From a website....

Not all debt is bad. Mortgage debt and student loan debt are worthy investments. No one criticizes President Franklin Roosevelt for the massive debt that financed World War II. Yet the commentators criticizing President Reagan for the $2.1 trillion in added debt (all numbers are in today's dollars) ignore how that debt won the Cold War, lowered the tax burden, and ignited the largest economic boom in American history.

************************

Yes, Reagan was a disaster.

First, he pulled us out of the Carter near depression (well, if Obama can say it so can I).

Next, he got things growing (6%). 4% is sustainable and 2% (Obama's current) is actually somewhat recessionary.

The American people thought he was such a disaster, that a majority of voters in 49 states voted for him in 1984.

We had a pretty good run. After all (as you said) a President's policies take years to have an impact.......and so I am more than willing to give Reagan part of the credit for Clinton's success (that and a GOP congress).

Yes, Reagan was a disaster.

Chris keeps calling Obama the democrats Reagan. Does that mean Chris does not like Obama ?

 

[starcraftzzz]

Links.....?
"Come back when you can do something other then copy and paste and are able to think for yourself. which means never come back...:"
How typical of an Obama supporter to fear actual knowledge....and to find someone who reads to have an
unfair advantage...
I’ll slow down…I didn’t realize it was an ‘idiot x-ing.’
Sounds like you took the spanking you deserved....and that line sure sounds a lot like fear of another one....
I didn’t mean to hurt your feelings…I was aiming lower.
Looking forward to your repeat of that highlight-reel faceplant.

U.S. Bureau of Economic Analysis (BEA)
File:US poverty rate timeline.gif - Wikipedia, the free encyclopedia

ROTFL at the idea that you have knowledge if what you have is considered knowledge then I must be God.

The statement was the following...
'The poverty rate, which had started to rise under Carter, declined every year from 1984 to 1989, dropping by one sixth from its peak.' The Reagan Information Pageoverty Rates
Your link proves same.....
But I can see why you'd wish to change the subject.

No the link shows that since 1980 the poverty rate has increased, and even at teh end of Reagans term the rate was still at an increase. However from 1950-1980 the rate decreased by a staggering 60 sum %.
Perhaps you are to stupid to look at a graph

'5. The benefits from Reaganomics:
a. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)

I see so you're going to cherry pick out the 1982 recession and the early 90's recession, how honest of you. The Reagan boom/growth years was as I stated sum 20% lower then the average growth from 1940-1980. Notice how I don't cherry pick I use all the data, thats because I'm not a partisan hack.

b. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)

I see so you credit Reagan with an end to Middle Eastern embargo....How stupid of you

c. Unemployment fell to 5.5% from 7.1% (Table B-35)

Still higher then it usually was at peak times from 1940-1980.

That's what meant by 'knowledge,' booooooyyyyyyyyy.

I sees your knowledge is a bunch of dishonest lies that don't reflect reality.
Perhaps if you actually thought instead of just copied and pasted regurgitated crap you see you wouldn't make such stupid statements but clearly thinking is beyond you.
Also next tie you post instead of just copy and pasting random stuff address what I've said, I do realize that requires reading my post meaning you'll have to find someone who can read it for you.

 

[starcraftzzz]

I think Obama's economic performance will give Republicans a lot to worry about in November. His handling of the economy has been almost on par with his grasp of US Constitutional Law.
Consider, the Obama Economic Miracle:
4 straight years of almost 92% employment
Only downgraded once!
Reagan, the Decade of Greed President had whole budgets that were less than Obama deficits!
And he did it all without ever signing a single budget

Given that Reagan inherited a budget deficit around 1% of GDP, an economy growing at around 2%, and Obama inherited a budget deficit over 10% of GDP and an economy shrinking at around 6% anyone who concludes that Reagan performed better then Obama is either being dishonest or is a brainwashed tool.

Only 10% of the current deficit is due to Obama polices, while the vast majority of Reagan's deficit was due to Reagan policies.

Also if government spending under Obama had increased at the same rate under Reagan then the unemployment rate would actually be lower now then it was at the same time under Reagan.

From a website....

Not all debt is bad. Mortgage debt and student loan debt are worthy investments. No one criticizes President Franklin Roosevelt for the massive debt that financed World War II. Yet the commentators criticizing President Reagan for the $2.1 trillion in added debt (all numbers are in today's dollars) ignore how that debt won the Cold War, lowered the tax burden, and ignited the largest economic boom in American history.

I see so according to you America wasting trillions of dollars ended the COld War, according to you the USSR didn't collapse because their economic system was less efficient it collapsed because America wasted money.
And Yes what you are saying does sound 100% retarded.

Yes, Reagan was a disaster.
First, he pulled us out of the Carter near depression (well, if Obama can say it so can I).

ROTFL So according to you adding 100,000 jobs a month and GDP increasing by over 2% is a near depression.

Next, he got things growing (6%). 4% is sustainable and 2% (Obama's current) is actually somewhat recessionary.

Considered that the financial crises that caused the current slump was bigger then the one that caused the Great Depression 2% Growth and unemployment at 8% is a good achievement.

We had a pretty good run. After all (as you said) a President's policies take years to have an impact.......and so I am more than willing to give Reagan part of the credit for Clinton's success (that and a GOP congress).

ROTFL only a dumbass thinks Reagan caused the tech boom. However he did cause the S&L crises with deregulation of which it cost the economy hundreds of billions of dollars
Furthermore it was the Democrat congress in 1993 that balanced the budget; I will give credit for the GOP for sticking with the Democrat budget priorities though.

 

[Listening]

I see......

Are you drunk ?

 

[Listening]

Considered that the financial crises that caused the current slump was bigger then the one that caused the Great Depression 2% Growth and unemployment at 8% is a good achievement.

Now this is funny.

Yes we can turns into well....not we couldn't.

Three plus years into his presidency and you morons still blame one of your own kind. Bush.

 

[PoliticalChic]

U.S. Bureau of Economic Analysis (BEA)
File:US poverty rate timeline.gif - Wikipedia, the free encyclopedia

ROTFL at the idea that you have knowledge if what you have is considered knowledge then I must be God.

The statement was the following...
'The poverty rate, which had started to rise under Carter, declined every year from 1984 to 1989, dropping by one sixth from its peak.' The Reagan Information Pageoverty Rates
Your link proves same.....
But I can see why you'd wish to change the subject.

No the link shows that since 1980 the poverty rate has increased, and even at teh end of Reagans term the rate was still at an increase. However from 1950-1980 the rate decreased by a staggering 60 sum %.
Perhaps you are to stupid to look at a graph


I see so you're going to cherry pick out the 1982 recession and the early 90's recession, how honest of you. The Reagan boom/growth years was as I stated sum 20% lower then the average growth from 1940-1980. Notice how I don't cherry pick I use all the data, thats because I'm not a partisan hack.

I see so you credit Reagan with an end to Middle Eastern embargo....How stupid of you

c. Unemployment fell to 5.5% from 7.1% (Table B-35)

Still higher then it usually was at peak times from 1940-1980.

That's what meant by 'knowledge,' booooooyyyyyyyyy.

I sees your knowledge is a bunch of dishonest lies that don't reflect reality.
Perhaps if you actually thought instead of just copied and pasted regurgitated crap you see you wouldn't make such stupid statements but clearly thinking is beyond you.
Also next tie you post instead of just copy and pasting random stuff address what I've said, I do realize that requires reading my post meaning you'll have to find someone who can read it for you.

1 "No the link shows that since 1980 the poverty rate has increased, and even at teh end of Reagans term the rate was still at an increase. However from 1950-1980 the rate decreased by a staggering 60 sum %.
Perhaps you are to stupid to look at a graph"

I can explain it to you...I just can't comprehend it for you.
Now, focus like a laser:
I stated and sourced that "The poverty rate, which had started to rise under Carter, declined every year from 1984 to 1989,..."

Sure enough....your linked graph shows...guess what? "The poverty rate, which had started to rise under Carter, declined every year from 1984 to 1989,..."


2. But, dog, the best part of the post is why you get the award for 'Unintentional Humor.'
Ready?
"Perhaps you are to stupid to look at a graph."
When you write that someone is stupid, it behooves you to spell correctly.
Otherwise.....guess who looks really, really stupid?
Yeah....you!!!

Here, take notes:
"too"
■ adverb
1- to a higher degree than is desirable, permissible, or possible. ▶informal very.
2- in addition. ▶moreover.


"to"
■ prep. toward; for; in contrast with; in order to

■ adv. toward the previous condition; in accordance with; in honor of; for the good health of (during a toast with drinks)
To or Too? | Grammar Explained

So...correct sentence is "Perhaps you are too stupid to look at a graph."

Not the way stupid folks write it: "Perhaps you are to stupid to look at a graph."

Too, too funny!
You should go to school....for more than two years!


Toodaloo!

 

[Listening]

U.S. Bureau of Economic Analysis (BEA)
File:US poverty rate timeline.gif - Wikipedia, the free encyclopedia

ROTFL at the idea that you have knowledge if what you have is considered knowledge then I must be God.

The statement was the following...
'The poverty rate, which had started to rise under Carter, declined every year from 1984 to 1989, dropping by one sixth from its peak.' The Reagan Information Pageoverty Rates
Your link proves same.....
But I can see why you'd wish to change the subject.

No the link shows that since 1980 the poverty rate has increased, and even at teh end of Reagans term the rate was still at an increase. However from 1950-1980 the rate decreased by a staggering 60 sum %.
Perhaps you are to stupid to look at a graph


I see so you're going to cherry pick out the 1982 recession and the early 90's recession, how honest of you. The Reagan boom/growth years was as I stated sum 20% lower then the average growth from 1940-1980. Notice how I don't cherry pick I use all the data, thats because I'm not a partisan hack.

I see so you credit Reagan with an end to Middle Eastern embargo....How stupid of you

c. Unemployment fell to 5.5% from 7.1% (Table B-35)

Still higher then it usually was at peak times from 1940-1980.

That's what meant by 'knowledge,' booooooyyyyyyyyy.

I sees your knowledge is a bunch of dishonest lies that don't reflect reality.
Perhaps if you actually thought instead of just copied and pasted regurgitated crap you see you wouldn't make such stupid statements but clearly thinking is beyond you.
Also next tie you post instead of just copy and pasting random stuff address what I've said, I do realize that requires reading my post meaning you'll have to find someone who can read it for you.

Why would anyone need help reading your post....? Oh, I see. They'll need a retard dictionary to decipher it. Good grief. You have no sense of context whatsoever. All your claims about this depend on the idea that economic conditions were the same for the past 60 years.

That's a great assumption.

Moron.

 

[code1211]

"In any case, what Reagan inherited was arguably a more severe financial crisis than what was dropped in Mr. Obama's lap. You don't believe it? From 1967 to 1982 stocks lost two-thirds of their value relative to inflation, according to a new report from Laffer Associates. That mass liquidation of wealth was a first-rate financial calamity. And tell me that 20% mortgage interest rates, as we saw in the 1970s, aren't indicative of a monetary-policy meltdown."

ROTFL. A financial crises isn't stock market drops. A financial crises is were the banking industry implodes resulting in the freezing of credit markets etc. The financial crises that occurred in 2008 was larger then the one that occurred in the Great depression.
Second the 1980's recession was caused by the FED jacking up rates, meaning the 1980s expansion was fueled by the FED bringing rates back down.
Third the 2quarters before Reagan became president the economy was growing by over 2% and adding around 100,000 jobs per month

There is something that is genuinely different this time. It isn't the nature of the crisis Mr. Obama inherited, but the nature of his policy prescriptions. Reagan applied tax cuts and other policies that, yes, took the deficit to unchartered peacetime highs.

Hey dumbass Obama's tax cuts were around the same size (as a % of GDP) as Reagan only the vast majority of Obamas cuts went to people making less then 100,000 while the vast majroity of Reagan's when to people making over 200,000.

But that borrowing financed a remarkable and prolonged economic expansion and a victory against the Evil Empire in the Cold War. What exactly have Mr. Obama's deficits gotten us?"

Well lets see the stimulus created 4million jobs, and investments in it will save the overall economy several trillion dollars in a 10 year period.
The small business bill which provide tax credits, loans, and aid to small businesses created 1.5millon jobs.
His energy efficiency programs such as BBI, Building star and other measures have created .5million jobs and will save the overall economy tens of billions of dollars.
Lets see what did the Reagan deficits get us. Well we had more bombs, I'm sure that made living standards better, other then that millionaires got more money.

If all of that is true, why are the 3,800,000 fewer jobs than there were 4 years ago?

 

[Listening]

ROTFL only a dumbass thinks Reagan caused the tech boom. However he did cause the S&L crises with deregulation of which it cost the economy hundreds of billions of dollars
Furthermore it was the Democrat congress in 1993 that balanced the budget; I will give credit for the GOP for sticking with the Democrat budget priorities though.

No only a dumbass would give government any credit at all for causing a boom.

Economic conditions were good so that technology advancements could take place.

And the same for the S&L's. The way you cretins portray it, he masterminded the entire thing. To bad all the regulations that you insisted on following the problem didn't stick and we got hit again (thanks Barney). And don't bother going after P.G. It does not work. Frank sat there in the face of serious questioning and said there was NO ISSUE.

And how did the dems balance the budget...there was revenue aplenty. Unless you are somehow going to try and sell the idea that democrats actually CUT spending. Now that would be FUNNY.

 

[code1211]

Given that Reagan inherited a budget deficit around 1% of GDP, an economy growing at around 2%, and Obama inherited a budget deficit over 10% of GDP and an economy shrinking at around 6% anyone who concludes that Reagan performed better then Obama is either being dishonest or is a brainwashed tool.
Only 10% of the current deficit is due to Obama polices, while the vast majority of Reagan's deficit was due to Reagan policies.
Also if government spending under Obama had increased at the same rate under Reagan then the unemployment rate would actually be lower now then it was at the same time under Reagan.

I'll have what he's having.

Either you want to have a dose of relaeity or you're a brainwashed dumbass
http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1
Bureau of Labor Statistics Data
Federal Government Deficit Graph
Reagan, Obama, Austerity - NYTimes.com

Yup! no doubt about it. There is no deficit today. The debt is bing reduced. Our respect around the world is being improved. The society is uniting behind the wise leader and the jobs picture is just getting better all the time.

Not.

If you think this is the good times, you are an absolute idiot. It's too late to blame Bush although I see you're still trying. This whole mess is on the Big 0, nancy and Harry.

They had the reins and they drove the buggy off the cliff.

Don't tell me it's raining while your pissing on my hat. If it's better than ever, i don't you need you to tell me. I'll see it for myself.

Why are there 3,800,000 fewer jobs today than there were 4 years ago?

 

[code1211]

1. "Reagan’s ideas transformed American finance, global economics and world politics. They reverberated through Eastern Europe, the Soviet Union and China with the power of Joshua’s trumpets. They made South Korea a more economically important and promising country than France or Germany.

Yea and they resulted in stagnating/declining incomes/wealth for 80% of Americans, a Savings and Loans crisis (the first financial crises since 1930), and an increase in poverty

2. Since 1980, U.S. marginal tax rates fell some 40 percent on income and 75 percent on capital gains and dividends, and the American economy added close to 36 million jobs. During the same time period, Europe and Japan created scarcely any net new employment outside of government. American companies now constitute 57 percent of global market capitalization, and the U.S. commands close to one half of the world’s economic assets. America, responsible for one fifth of global GDP in 1980, produced one third of global GDP in 2003. That is Ronald Reagan’s legacy.

Yes Reagan cut taxes for those making 250,00 and more by 2% of GDP, however if you made less then 100,000 he raised your taxes equal to 2% of GDP.
Second Europe and Japan have more jobs then us. The only reason we have a lower unemployment rate in some cases is because our rate doesn't count millions of people. Europe/Japan have a large percentage of their population age 20-65 working then America

3. The key to this awesome and unprecedented triumph was Reagan’s dismantling of the confiscatory tax codes imposed on the capitalist world during World War II. Supporting Reagan’s tax rate reductions was a movement of economists and journalists called supply-siders.

GDP growth during Reagan's years were lower the second lowest since 1930. In fact in the 30's 40's 50's 60's and 90's the economy did better then it did under Reagan

4. A central component of supply-side economics is the Laffer Curve—named for its inventor, the economist Arthur Laffer—which shows that low tax rates produce more revenue than high ones. Ronald Reagan understood and embraced the Laffer Curve.

And all the evidence shows that the maximum tax rate on the Laffer Curve is above 70% meaning all Reagan did was give millionaires hand outs
Where's the High Point on the Laffer Curve? And Where Are We? | Angry Bear - Financial and Economic Commentary
^The tax rate that would optimize government tax revenue for the richest 0.05% is around 80%
The peak of the Laffer Curve is between 65-80%
Brad DeLong: Where Is the Peak of the Laffer Curve?

Come back when you've got a clue and brain IE never

Again, you're delusional. Reagan came within .85% of the vote in Minnesota, Mondale's home state, of carrying all 50 states.

Are you sure the Big 0 is heading in the same direction?

 

[code1211]

Civil war....Abraham Lincoln.....over half a million killed.....ring a bell?

Why does there have to be a civil war? Why not just an amicable divorce? The nation is done. The idealogical division today is much worse than it was prior to the civil war. There is no point on which the nation can agree. Not one. Religion, family, social structure, military, education, economy. No matter what you can think of, there is no point of agreement.

If we do not agree to disagree and move on in separate directions, there is nothing left BUT a civil war.

While there is a sizable section of the electorate that is ineluctably Liberal, and no amount of logic or experience will alter their kamikaze-like trajectory, you underestimate the monumental effect that Barack Obama has had!

In the words of Yamamoto, "all he has done is to awaken a sleeping giant..." who will take the nation back.

Liberals are on track for a nuclear winter.

I hope you're right. If the Big 0 wins, we're sunk as a nation.

 

[Listening]

1. "Reagan’s ideas transformed American finance, global economics and world politics. They reverberated through Eastern Europe, the Soviet Union and China with the power of Joshua’s trumpets. They made South Korea a more economically important and promising country than France or Germany.

Yea and they resulted in stagnating/declining incomes/wealth for 80% of Americans, a Savings and Loans crisis (the first financial crises since 1930), and an increase in poverty


Yes Reagan cut taxes for those making 250,00 and more by 2% of GDP, however if you made less then 100,000 he raised your taxes equal to 2% of GDP.
Second Europe and Japan have more jobs then us. The only reason we have a lower unemployment rate in some cases is because our rate doesn't count millions of people. Europe/Japan have a large percentage of their population age 20-65 working then America

GDP growth during Reagan's years were lower the second lowest since 1930. In fact in the 30's 40's 50's 60's and 90's the economy did better then it did under Reagan

4. A central component of supply-side economics is the Laffer Curve—named for its inventor, the economist Arthur Laffer—which shows that low tax rates produce more revenue than high ones. Ronald Reagan understood and embraced the Laffer Curve.

And all the evidence shows that the maximum tax rate on the Laffer Curve is above 70% meaning all Reagan did was give millionaires hand outs
Where's the High Point on the Laffer Curve? And Where Are We? | Angry Bear - Financial and Economic Commentary
^The tax rate that would optimize government tax revenue for the richest 0.05% is around 80%
The peak of the Laffer Curve is between 65-80%
Brad DeLong: Where Is the Peak of the Laffer Curve?

Come back when you've got a clue and brain IE never

Again, you're delusional. Reagan came within .85% of the vote in Minnesota, Mondale's home state, of carrying all 50 states.

Are you sure the Big 0 is heading in the same direction?

These guys live in some kind of drug induced haze thinking that the world should behave according to selected theories (all else being constant which it never is).

They scream about a minority of the right worshipping at the feed of Rush Limbaugh despite the claims from many that isn't the case...then they turn around turn out irrational crap like this.

But it's O.K. to worship Obama.