Reaganomics vs. Obamaism

Discussion in 'Economy' started by American Cowboy, Jul 13, 2011.

  1. American Cowboy
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    The four pillars of Reagan's economic policy:

    1. Reduce Growth of Government spending.
    2. Reduce Income Tax and Capital Gains Tax.
    3. Reduce Government regulation.
    4. Control the money supply to reduce inflation.

    Bush may have started this mess, but Obama has made it 10 times worse. Let's use a proven method to end this recession.
     
  2. Big Fitz
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    but but but... that pretty socialist utopia we have almost achieved will crumble and die! Those are just unacceptable solutions!

    :rolleyes:
     
  3. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Reagan increased Government spending and tripled the deficit

    So I guess he fails his own agenda
     
  4. expat_panama
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    expat_panama Silver Member

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    You may have been mistaken when you said "Obamaism", I think what we're really talking about here is called "Obamunism."
     
  5. American Cowboy
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    I was thinking Marxism, but Communism works too
     
    Last edited: Jul 13, 2011
  6. Big Fitz
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    potato potahto,

    communist rebel, "freedom" fighter.

    Same thing different paint job.
     
  7. American Cowboy
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    Reagan reduced spending. So you are either stupid or a liar, which is it? Federal spending fell from 4% under Jimmy Carter to 2.5% under Ronald Reagan. The federal deficit fell from 6% of GDP in 1983 to 3.2% of GDP in 1987. Under Reagan American economy went from a GDP growth of -0.3% in 1980 to 4.1% in 1988 which reduced the unemployment rate by 1.6%, from 7.1% in 1980 to 5.5% in 1988. Reagan creating 21 million jobs. Which is what we need now. Inflation went from 13.5% in 1980, fell to 4.1% in 1988.

    The national debt did go from $997 billion to $2.85 trillion, but we got something for our money, unlike Obama's wasteful spending that has accomplished nothing.
     
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    Last edited: Jul 13, 2011
  8. American Cowboy
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    I guess that shut you up
     
  9. Mr Clean
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    What were seeing now is the result of 30 years of reaganomics.
     
  10. American Cowboy
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    More like 70 years of FDR's New Deal
     
    Last edited: Jul 13, 2011

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