The truth about Reaganomics

[JRK]

These economic policies amounted to the most successful economic experiment in world history. The Reagan recovery started in official records in November 1982, and lasted 92 months without a recession until July 1990, when the tax increases of the 1990 budget deal killed it. This set a new record for the longest peacetime expansion ever, the previous high in peacetime being 58 months.

Reaganomics Vs. Obamanomics: Facts And Figures - Forbes

 

[Truthmatters]

Reagan exploded the debt.

 

[Truthmatters]

When President Reagan entered office in 1981, he faced actually much worse economic problems than President Obama faced in 2009.


flat out fucking lie right in the begining of this partisan diatribe

 

[Full-Auto]

When President Reagan entered office in 1981, he faced actually much worse economic problems than President Obama faced in 2009.


flat out fucking lie right in the begining of this partisan diatribe

Make no mistake................

YOU ARE THE LAIR

 

[JRK]

When President Reagan entered office in 1981, he faced actually much worse economic problems than President Obama faced in 2009.


flat out fucking lie right in the begining of this partisan diatribe

the interest rate in 81 was 21.5%
it was about 6 when BHO took office

 

[CrusaderFrank]

Americans appreciate Reagan for revitalizing our economy, crushing the life out of the USSR and making us proud to be a citizen of this once great nation

 

[JRK]

When President Reagan entered office in 1981, he faced actually much worse economic problems than President Obama faced in 2009.


flat out fucking lie right in the begining of this partisan diatribe

Make no mistake................

YOU ARE THE LAIR

Libs are losing control
If she would read the link she would see it was not even close

 

[CrusaderFrank]

Reagan exploded the debt.

One Year Obama Deficit > All 8 of Reagans

One Year Obama Deficit > any Reagan Entire Budget

 

[JRK]

Reagan exploded the debt.

The debt was from the democratic congress and was pennies compared to the last 4 years

 

[Full-Auto]

When President Reagan entered office in 1981, he faced actually much worse economic problems than President Obama faced in 2009.


flat out fucking lie right in the begining of this partisan diatribe

Make no mistake................

YOU ARE THE LAIR

Libs are losing control
If she would read the link she would see it was not even close

Whenever they start this nonsense I like to remind them he had a dem congress, so what bill did they send them to make reagenomics law.......

Then they cower off.

 

[CrusaderFrank]

Reagan exploded the debt.

The debt was from the democratic congress and was pennies compared to the last 4 years

1974 Budget and Impoundment Control Act - Timeline - Slaying the Dragon of Debt - Regional Oral History Office - University of California, Berkeley

Congress owns the budget

 

[JRK]

Reagan exploded the debt.

The debt was from the democratic congress and was pennies compared to the last 4 years

1974 Budget and Impoundment Control Act - Timeline - Slaying the Dragon of Debt - Regional Oral History Office - University of California, Berkeley

Congress owns the budget

This has much to do with GWB last 2 years as president
2007 was the last GOP budget, EVER
we were within 162 billion of breaking evem

 

[Mr. Shaman]

These economic policies amounted to the most successful economic experiment in world history. The Reagan recovery started in official records in November 1982, and lasted 92 months without a recession until July 1990, when the tax increases of the 1990 budget deal killed it. This set a new record for the longest peacetime expansion ever, the previous high in peacetime being 58 months.

That's.....

....what Forbes said....

....huh??

*

Gee.....how odd they never referenced......

......Health Care Reform!!

.

.

.

 

[edthecynic]

These economic policies amounted to the most successful economic experiment in world history. The Reagan recovery started in official records in November 1982, and lasted 92 months without a recession until July 1990, when the tax increases of the 1990 budget deal killed it. This set a new record for the longest peacetime expansion ever, the previous high in peacetime being 58 months.

Reaganomics Vs. Obamanomics: Facts And Figures - Forbes

I like to remind them he had a dem congress, so what bill did they send them to make reagenomics law.......

Then they cower off.

So it was the Democratic recovery that gave us 92 months without a recession.
Thank you!

 

[Mr. Shaman]

These economic policies amounted to the most successful economic experiment in world history. The Reagan recovery started in official records in November 1982, and lasted 92 months without a recession until July 1990, when the tax increases of the 1990 budget deal killed it. This set a new record for the longest peacetime expansion ever, the previous high in peacetime being 58 months.

Reaganomics Vs. Obamanomics: Facts And Figures - Forbes

I like to remind them he had a dem congress, so what bill did they send them to make reagenomics law.......

Then they cower off.

So it was the Democratic recovery that gave us 92 months without a recession.
Thank you!

"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."

1993 Deficit Reduction​

​

 

[BreezeWood]

Reaganomics: These economic policies amounted to the most successful economic experiment in world history.

Reagan: Reaganomics - Obama: Stimulus and ACA (HealthCare)

the 07-09 Great Recession was curtailed June of 09 with positive GDP and also the most far reaching Health Care legislation in the Nations History was accomplished within the same two year period.


they both solved economic issues positively as every Administration is distend to attempt - however History will note the historic HealthCare Legislation ACA passed by the Obama Administration as far more significant than anything passed by the Reagan Administration - placing Obama far ahead of Reagan for overall accomplishments.

 

[Londoner]

Reagan exploded the debt with crackpot garbage like the Star Wars Missile Shield. He also created policies that tied the U.S. to maximum oil use and, consequently, deepened our middle eastern dependency - which dug our grave, holding future generations hostage to the $4 gallon, or worse. He was begged by Carter and the Left to diversify our energy basket away from petroleum. Reagan called Carter and the alternative energy movement crazy and then he preceded to doubled down in the middle east, supporting Hussein, the Mujahideen (early Al Qaeda) and going back door with Iran. Under the context of fighting the Soviets (mostly in Afghanistan), he formed deep partnerships with petrol-terror states and empowered radical Islamic groups in the region. Let's not talk about his increase of funding to the Saudi royals. He removed Iraq from the list of official terror states despite harsh warnings from the Democratic congress. He used the Cold War and a faltering Soviet Union to put military bases around the globe. Those bases were primarily in resource rich, cheap labor parts of the 3rd world and were thus ultimately used to give massive corporations easier access to raw material and sweatshop labor. He created the military context for stabilizing the developing world, to help corporations move high paying American manufacturing jobs to freedom-hating parts of communist China and Latin America. (And yes, Clinton was an obedient follower of Reaganomics in much the same way Nixon obeyed the New Deal/Big Government consensus. Each president was trapped by the other side's movement).

Reagan's policies destroyed the middle class, hollowing out their wages and benefits in order to give his donors cheaper labor costs and lower taxes. After helping corporations outsource middle class jobs to freedom-hating, dictator-installed nations, he lorded over the transition to a full throated credit card/debt economy. [He replaced wage-based consumption with debt-financed consumption] Household debt exploded under Reagan. Don't take my word for it, do the research. Stop reading cheerleaders like Forbes Magazine that cherry pick shamelessly.

In the mid 80s, Americans started receiving 3 credit card offers a week. Morning in America was paid for by American Express, Mastercard, Visa and a host of ever complex debt instruments from "zero money down" to subprimes. Indeed, America has just come through a 30 year debt-based spending orgy - and we are paying the ultimate price. Under the era of Reaganomics, which Clinton supported, the U.S. put the middle class on credit and the upper class on deregulated derivatives, along with a host of crimainl Wall Street garbage. Reaganomics hollowed out the regulatory state and put industry insiders in charge of the very sectors they profited from. The result was the 2008 meltdown where everything from credit rating agencies to the Fed and SEC were run by the big financial firms. Reagan was very clear: business should run government - which is exactly what they did, setting up an uber-lobbying monster. By 2008 big financial firms from Bear Sterns to Goldman Sachs were actually placing massive bets against the products they were selling. They were literally creating and profiting from risky garbage they knew would blew up. They were able to do this because Reaganomics helped them capture regulators and legislators.

And let's not even talk about Reagan's undermining of the Sherman Act, which ushered in an era of mega-mergers. Under Reagan, if a company didn't like a competitor, he just bought them and consolidated control over the market. Reaganomics, in it's absolute failure to enforce anti-consumer behavior and anti-trust legislation, was poison to competition. He lorded of the creation of today's mega-corporations. Under Reaganomics every sector from cable providers to health care insurers consolidated, then colluded - dividing the world into fixed zones of no-compete, holding consumers hostage to monopolies. This is why Cigna and Blue Cross don't compete over states like Iowa, so that one company can raise rates and take care of share holders without being disciplined by market competition. In the old classic economy of Adam Smith - the model high school kids are seduced by until they study how markets actually function - a company's value came from creating a better product. A better product meant more value to share holders. This model has been replaced by a bunch of monopolies. Elli Lilly poured billions into the Republican congress so they could create impossible entrance barriers to the generics and foreign competitors. They also rigged medicare spending so that the U.S. goenrment was prevented from using a free market mechanism to get competitive pricing - volume discounts. All of this was made possible because Reagan believed that business should regulate themselves and run government. This is why corporations are the primary funders of elections. They own both parties - they literally staff 90% of government, from elected officials to regulatory agencies. Halliburton staffs the vice presidency and Goldman Sachs staffs the Fed. We are living Reagan's dream where corporations run the government. They poured billions into both parties in order to create an unregulated derivatives market which sank the global economy.

America swallowed poison in 1980 ... and the patient is almost dead.

 

[Full-Auto]

The debt was from the democratic congress and was pennies compared to the last 4 years

1974 Budget and Impoundment Control Act - Timeline - Slaying the Dragon of Debt - Regional Oral History Office - University of California, Berkeley

Congress owns the budget

This has much to do with GWB last 2 years as president
2007 was the last GOP budget, EVER
we were within 162 billion of breaking evem

I will point out as AR -15 has...That the last Budget GW submitted was of the trillion dollar deficit flavor. GW was trying to appease the democrats, It is true the trillion dollar deficits didnt start until we had a dem congress.

 

[Truthmatters]

Reagan exploded the debt with crackpot garbage like the Star Wars Missile Shield. He also created policies that tied the U.S. to maximum oil use and, consequently, deepened our middle eastern dependency - which dug our grave, holding future generations hostage to the $4 gallon, or worse. He was begged by Carter and the Left to diversify our energy basket away from petroleum. Reagan called Carter and the alternative energy movement crazy and then he preceded to doubled down in the middle east, supporting Hussein, the Mujahideen (early Al Qaeda) and going back door with Iran. Under the context of fighting the Soviets (mostly in Afghanistan), he formed deep partnerships with petrol-terror states and empowered radical Islamic groups in the region. Let's not talk about his increase of funding to the Saudi royals. He removed Iraq from the list of official terror states despite harsh warnings from the Democratic congress. He used the Cold War and a faltering Soviet Union to put military bases around the globe. Those bases were primarily in resource rich, cheap labor parts of the 3rd world and were thus ultimately used to give massive corporations easier access to raw material and sweatshop labor. He created the military context for stabilizing the developing world, to help corporations move high paying American manufacturing jobs to freedom-hating parts of communist China and Latin America. (And yes, Clinton was an obedient follower of Reaganomics in much the same way Nixon obeyed the New Deal/Big Government consensus. Each president was trapped by the other side's movement).

Reagan's policies destroyed the middle class, hollowing out their wages and benefits in order to give his donors cheaper labor costs and lower taxes. After helping corporations outsource middle class jobs to freedom-hating, dictator-installed nations, he lorded over the transition to a full throated credit card/debt economy. [He replaced wage-based consumption with debt-financed consumption] Household debt exploded under Reagan. Don't take my word for it, do the research. Stop reading cheerleaders like Forbes Magazine that cherry pick shamelessly.

In the mid 80s, Americans started receiving 3 credit card offers a week. Morning in America was paid for by American Express, Mastercard, Visa and a host of ever complex debt instruments from "zero money down" to subprimes. Indeed, America has just come through a 30 year debt-based spending orgy - and we are paying the ultimate price. Under the era of Reaganomics, which Clinton supported, the U.S. put the middle class on credit and the upper class on deregulated derivatives, along with a host of crimainl Wall Street garbage. Reaganomics hollowed out the regulatory state and put industry insiders in charge of the very sectors they profited from. The result was the 2008 meltdown where everything from credit rating agencies to the Fed and SEC were run by the big financial firms. Reagan was very clear: business should run government - which is exactly what they did, setting up an uber-lobbying monster. By 2008 big financial firms from Bear Sterns to Goldman Sachs were actually placing massive bets against the products they were selling. They were literally creating and profiting from risky garbage they knew would blew up. They were able to do this because Reaganomics helped them capture regulators and legislators.

And let's not even talk about Reagan's undermining of the Sherman Act, which ushered in an era of mega-mergers. Under Reagan, if a company didn't like a competitor, he just bought them and consolidated control over the market. Reaganomics, in it's absolute failure to enforce anti-consumer behavior and anti-trust legislation, was poison to competition. He lorded of the creation of today's mega-corporations. Under Reaganomics every sector from cable providers to health care insurers consolidated, then colluded - dividing the world into fixed zones of no-compete, holding consumers hostage to monopolies. This is why Cigna and Blue Cross don't compete over states like Iowa, so that one company can raise rates and take care of share holders without being disciplined by market competition. In the old classic economy of Adam Smith - the one naive talk radio republicans are seduced by - a company's value came from creating a better product. A better product meant more value to share holders. This model has been replaced by a bunch of monopolies. Elli Lilly poured billions into the Republican congress so they could create impossible entrance barriers to the generics and foreign competitors. They also rigged medicare spending so that the U.S. goenrment was prevented from using a free market mechanism to get competitive pricing - volume discounts. All of this was made possible because Reagan believed that business should regulate themselves and run government. This is why corporations are the primary funders of elections. They own both parties - they literally staff 90% of government, from elected officials to regulatory agencies. Halliburton staffs the vice presidency and Goldman Sachs staffs the Fed. We are living Reagan's dream where corporations run the government. They poured billions into both parties in order to create an unregulated derivatives market which sank the global economy.

America swallowed poison in 1980 ... and the patient is almost dead.

the right in this country hates facts and likes to try and rewite history to fit their lies

 

[Full-Auto]

Reagan exploded the debt with crackpot garbage like the Star Wars Missile Shield. He also created policies that tied the U.S. to maximum oil use and, consequently, deepened our middle eastern dependency - which dug our grave, holding future generations hostage to the $4 gallon, or worse. He was begged by Carter and the Left to diversify our energy basket away from petroleum. Reagan called Carter and the alternative energy movement crazy and then he preceded to doubled down in the middle east, supporting Hussein, the Mujahideen (early Al Qaeda) and going back door with Iran. Under the context of fighting the Soviets (mostly in Afghanistan), he formed deep partnerships with petrol-terror states and empowered radical Islamic groups in the region. Let's not talk about his increase of funding to the Saudi royals. He removed Iraq from the list of official terror states despite harsh warnings from the Democratic congress. He used the Cold War and a faltering Soviet Union to put military bases around the globe. Those bases were primarily in resource rich, cheap labor parts of the 3rd world and were thus ultimately used to give massive corporations easier access to raw material and sweatshop labor. He created the military context for stabilizing the developing world, to help corporations move high paying American manufacturing jobs to freedom-hating parts of communist China and Latin America. (And yes, Clinton was an obedient follower of Reaganomics in much the same way Nixon obeyed the New Deal/Big Government consensus. Each president was trapped by the other side's movement).

Reagan's policies destroyed the middle class, hollowing out their wages and benefits in order to give his donors cheaper labor costs and lower taxes. After helping corporations outsource middle class jobs to freedom-hating, dictator-installed nations, he lorded over the transition to a full throated credit card/debt economy. [He replaced wage-based consumption with debt-financed consumption] Household debt exploded under Reagan. Don't take my word for it, do the research. Stop reading cheerleaders like Forbes Magazine that cherry pick shamelessly.

In the mid 80s, Americans started receiving 3 credit card offers a week. Morning in America was paid for by American Express, Mastercard, Visa and a host of ever complex debt instruments from "zero money down" to subprimes. Indeed, America has just come through a 30 year debt-based spending orgy - and we are paying the ultimate price. Under the era of Reaganomics, which Clinton supported, the U.S. put the middle class on credit and the upper class on deregulated derivatives, along with a host of crimainl Wall Street garbage. Reaganomics hollowed out the regulatory state and put industry insiders in charge of the very sectors they profited from. The result was the 2008 meltdown where everything from credit rating agencies to the Fed and SEC were run by the big financial firms. Reagan was very clear: business should run government - which is exactly what they did, setting up an uber-lobbying monster. By 2008 big financial firms from Bear Sterns to Goldman Sachs were actually placing massive bets against the products they were selling. They were literally creating and profiting from risky garbage they knew would blew up. They were able to do this because Reaganomics helped them capture regulators and legislators.

And let's not even talk about Reagan's undermining of the Sherman Act, which ushered in an era of mega-mergers. Under Reagan, if a company didn't like a competitor, he just bought them and consolidated control over the market. Reaganomics, in it's absolute failure to enforce anti-consumer behavior and anti-trust legislation, was poison to competition. He lorded of the creation of today's mega-corporations. Under Reaganomics every sector from cable providers to health care insurers consolidated, then colluded - dividing the world into fixed zones of no-compete, holding consumers hostage to monopolies. This is why Cigna and Blue Cross don't compete over states like Iowa, so that one company can raise rates and take care of share holders without being disciplined by market competition. In the old classic economy of Adam Smith - the one naive talk radio republicans are seduced by - a company's value came from creating a better product. A better product meant more value to share holders. This model has been replaced by a bunch of monopolies. Elli Lilly poured billions into the Republican congress so they could create impossible entrance barriers to the generics and foreign competitors. They also rigged medicare spending so that the U.S. goenrment was prevented from using a free market mechanism to get competitive pricing - volume discounts. All of this was made possible because Reagan believed that business should regulate themselves and run government. This is why corporations are the primary funders of elections. They own both parties - they literally staff 90% of government, from elected officials to regulatory agencies. Halliburton staffs the vice presidency and Goldman Sachs staffs the Fed. We are living Reagan's dream where corporations run the government. They poured billions into both parties in order to create an unregulated derivatives market which sank the global economy.

America swallowed poison in 1980 ... and the patient is almost dead.

the right in this country hates facts and likes to try and rewite history to fit their lies

One more time dip shit.

Reagen had a dem congress. What bill did they send him to make reagenomics law?