Rshermr
VIP Member
Reagan, 1981, largest tax decrease in history. August, 1981. By November of 1982, unemployment had reached 10.8% from 7.4% when the tax decrease went into effect. Deficits went through the roof, with all time high increase in the deficit in 1982.So, you want to decrease taxes and decrease regulations. Show me when this has ever helped a bad economy in terms of decreasing unemployment. Because I can show the opposite, on more than one occasion.
I'd love to see your examples.
So, to counteract these problems, reagan borrowed (tripled the size of the national debt) and increased taxes 11 times. All of which provided a great deal of money to spend, much on stimulus projects.
Clinton decreased taxes, and spent to get the economy moving. Remember the famous Clinton stump speech saying, "it's the economy, stupid". That was a statement about the economic problems that Bush 1 was facing.