Ronald Reagan and the Greatest Economic Boom since WWII

[PatriotArmy]

I have debunked that lie of yours many times, Stupid.

DOW the day he took office: 7949
It was a little over 19K when he left office.

7949 X 3 =23,847

How many times are you going to be busted on that same lie, Dumbass.

Que the spin..................

Thank you sire. I like your posts.

And so far not one socialist democrat has been able to refute the first post in the thread.

 

[Nostra]

We see wokeness taking hold in big business because leftist college grads stuffed full of idiot propaganda have moved into higher positions.

We see wokeness taking hold in institutions like the CIA and the military because leftist college grads stuffed full of idiot propaganda have moved into high positions.

This forum is no different. The lies and misinformation told about Ronald Reagan in one of my others threads is astounding. But here is the New York Times - - wot? wot? yes, the New York Times, praising thre greatest economic boom every after Reagan left office.


The Reagan Boom - Greatest Ever
New York Times - Jan 17, 1990

Opinion | The Reagan Boom - Greatest Ever (Published 1990)

www.nytimes.com

Almost everyone knows that the greatest depression the U.S. ever had was in the 1930's. It was known as the Great Depression, and its infamy merits a separate section in economics textbooks. But what was its counterpart? When did our greatest economic expansion occur?

We just had it. And it is still expanding, setting new records with each passing month.

We don't know whether historians will call it the Great Expansion of the 1980's or Reagan's Great Expansion, but we do know from official economic statistics that the seven year period from 1982 to 1989 was the greatest, consistent burst of economic activity ever seen in the U.S. In fact, it was the greatest economic expansion the world has ever seen - in any country, at any time.

The two key measures that mark a depression or expansion are jobs and production. Let's look at the records that were set. Creation of jobs. From November 1982, when President Ronald Reagan's new economic program was beginning to take effect, to November 1989, 18.7 million new jobs were created. It was a world record: Never before had so many jobs been created during a comparable time period. The new jobs covered the entire spectrum of work, and more than half of them paid more than $20,000 a year. As total employment grew to 119.5 million, the rate of unemployment fell to slightly over 5 percent, the lowest level in 15 years. Creation of wealth.

The amount of wealth produced during this seven year period was stupendous - some $30 trillion worth of goods and services. Again, it was a world record. Never before had so much wealth been produced during a comparable period. According to a recent study, net asset values - including stocks, bonds and real estate - went up by more than $5 trillion between 1982 and 1989, an increase of roughly 50 percent.

There are other important measures. Steady economic growth. As we begin the decade of the 1990's, we are in our 86th straight month of economic growth - a new record for peacetime, five months longer than the wartime growth of World War II and only 23 months short of the wartime record set during the Vietnam War in the 1960's. Most experts now predict that it will last right through 1990, and perhaps beyond. . . . CUT

Opinion | The Reagan Boom - Greatest Ever (Published 1990)

www.nytimes.com

1990 Before the Clinton BOOM left Reagan in the dust, followed by the Obama BOOM that buried reagan 6 feet under.

Barry had the worst recover since WWII, Dumbass.

The Great Obama nearly tripled the Stock Market and added 13 million jobs

I have debunked that lie of yours many times, Stupid.

DOW the day he took office: 7949
It was a little over 19K when he left office.

7949 X 3 =23,847

How many times are you going to be busted on that same lie, Dumbass.

Que the spin..................

Dow dropped to 6700, 19000 when the Great Obama left office......like I said, nearly tripled

There's the spin................

 

[PatriotArmy]

We see wokeness taking hold in big business because leftist college grads stuffed full of idiot propaganda have moved into higher positions.

We see wokeness taking hold in institutions like the CIA and the military because leftist college grads stuffed full of idiot propaganda have moved into high positions.

This forum is no different. The lies and misinformation told about Ronald Reagan in one of my others threads is astounding. But here is the New York Times - - wot? wot? yes, the New York Times, praising thre greatest economic boom every after Reagan left office.


The Reagan Boom - Greatest Ever
New York Times - Jan 17, 1990

Opinion | The Reagan Boom - Greatest Ever (Published 1990)

www.nytimes.com

Almost everyone knows that the greatest depression the U.S. ever had was in the 1930's. It was known as the Great Depression, and its infamy merits a separate section in economics textbooks. But what was its counterpart? When did our greatest economic expansion occur?

We just had it. And it is still expanding, setting new records with each passing month.

We don't know whether historians will call it the Great Expansion of the 1980's or Reagan's Great Expansion, but we do know from official economic statistics that the seven year period from 1982 to 1989 was the greatest, consistent burst of economic activity ever seen in the U.S. In fact, it was the greatest economic expansion the world has ever seen - in any country, at any time.

The two key measures that mark a depression or expansion are jobs and production. Let's look at the records that were set. Creation of jobs. From November 1982, when President Ronald Reagan's new economic program was beginning to take effect, to November 1989, 18.7 million new jobs were created. It was a world record: Never before had so many jobs been created during a comparable time period. The new jobs covered the entire spectrum of work, and more than half of them paid more than $20,000 a year. As total employment grew to 119.5 million, the rate of unemployment fell to slightly over 5 percent, the lowest level in 15 years. Creation of wealth.

The amount of wealth produced during this seven year period was stupendous - some $30 trillion worth of goods and services. Again, it was a world record. Never before had so much wealth been produced during a comparable period. According to a recent study, net asset values - including stocks, bonds and real estate - went up by more than $5 trillion between 1982 and 1989, an increase of roughly 50 percent.

There are other important measures. Steady economic growth. As we begin the decade of the 1990's, we are in our 86th straight month of economic growth - a new record for peacetime, five months longer than the wartime growth of World War II and only 23 months short of the wartime record set during the Vietnam War in the 1960's. Most experts now predict that it will last right through 1990, and perhaps beyond. . . . CUT

Opinion | The Reagan Boom - Greatest Ever (Published 1990)

www.nytimes.com

1990 Before the Clinton BOOM left Reagan in the dust, followed by the Obama BOOM that buried reagan 6 feet under.

Barry had the worst recover since WWII, Dumbass.

The Great Obama nearly tripled the Stock Market and added 13 million jobs

I have debunked that lie of yours many times, Stupid.

DOW the day he took office: 7949
It was a little over 19K when he left office.

7949 X 3 =23,847

How many times are you going to be busted on that same lie, Dumbass.

Que the spin..................

Dow dropped to 6700, 19000 when the Great Obama left office......like I said, nearly tripled

There's the spin................

 

[PatriotArmy]

Well, the OP wins. Ronald Reagan had the Greatest Economic Boom since WWII

 

[rightwinger]

Well, the OP wins. Ronald Reagan had the Greatest Economic Boom since WWII

Self declared victories are so shallow
Don‘t cha think?

 

[PatriotArmy]

President Reagan’s Economic Legacy:
The Great Expansion

https://www.jec.senate.gov/public/_cache/files/62cfde42-3fbc-4b6e-b308-c78dd32515e6/president-reagan-s-economic-legacy-great-expansion-oct-2000.pdf

In the recession of the early 1980s, the economic policies of President Reagan that inspired me to public service came under attack. In the now famous “Stay the Course” campaign of 1982, the President’s party retained control of the Senate, minimized losses in
the House despite the dire economic times, and preserved the Reagan economic program. We also kept on track President Reagan’s defense policies, which were under attack from shortsighted critics who were unwilling to pay the price to ensure our freedom, and who had no interest in assisting those struggling to gain their own freedom from Communist tyranny. The President’s opponents naively thought that offending the Soviet Union was dangerously bad manners. I am proud to have first stood for election that fateful year, when President Reagan’s detractors stood a chance of putting his programs in jeopardy.

Eighteen years later, the world is a far different and far better place thanks to President Reagan. We are still reaping the benefits of an economic environment shaped by his policies of low tax rates, monetary stability, open trade, and reliance on markets. One wonders whether our entrepreneurs and innovators would have had the chance to transform our economy into the new knowledge economy if risk-taking continued to be undermined by high tax rates, high interest rates, and high inflation.

President Reagan changed the economic environment in one additional way, harder to measure yet impossible to ignore. President Reagan, in his optimism about the future, in his confidence that free people in a free economy would prevail over any obstacle, was the embodiment of the American ideal. His spirit was the spirit of our land, the spirit that settled our vast continent, that placed a man on the moon, and that continually invents new frontiers to tame. During those dark days of 1982, he never lost faith, knowing in his heart and mind that freedom worked.

And how it has! We are enjoying the prosperity of the Great Expansion, eighteen consecutive years of nearly unbroken economic growth with low inflation. The Soviet Union is now just a grim footnote in history, and the millions of former captives behind the Iron Curtain are now our friends and trading partners. The people of Eastern and Central Europe who are now free; our neighbors in Latin America who enjoy stable democracies; the people of Western Europe and Asia whose governments followed our lead in economic policies; no less than the people of our country, they owe President Reagan a debt of gratitude for leading the way out of the dead end of collectivism