The truth about Reaganomics

[Mr. Shaman]

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.......

.....Not-to-mention the fact he was a.....

.....murdering son-of-a-bitch!!!

 

[Truthmatters]

Pretending the economy Reagan walked into was worse than the economy Obama walked into is a fucking lie

 

[Dont Taz Me Bro]

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!

Yep, those massive tax cuts they gave the rich.

 

[JRK]

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.

the health care legislation has done nothing to date but collect additional taxes
If you want to compare 21.5% interest rates to 4% as being an accomplishment, fine
If you think a GDP of 1.5% is better than 5-6%. great
If you think 0 job creation sense 2008 compares to the millions that where created under Regan
1981 95 67 104 74 10 196 112 -36 -87 -100 -209 -278
1982 -327 -6 -129 -281 -45 -243 -343 -158 -181 -277 -124 -14
1983 225 -78 173 276 277 378 418 -308 1114 271 352 356
1984 447 479 275 363 308 379 312 241 311 286 349 127
1985 266 124 346 195 274 145 189 193 204 187 209 168
1986 123 107 93 188 125 -93 318 113 346 187 186 204
1987 171 232 249 338 227 171 346 170 229 492 231 294
1988 94 452 276 245 227 363 223 121 340 268 339 289
1989 262 258 192 173 118 117 39 47 249 111 277 95

to this?

2009 -818 -724 -799 -692 -361 -482 -339 -231 -199 -202 -42 -171
2010 -40 -35 189 239 516 -167 -58 -51 -27 220 121 120
2011 110 220 246 251 54 84 96 85 202 112 157 223
2012 275 259 143 68 87 64(P) 163(P)

were not even back to 08 numbers for total people working
Notice: Data not available: U.S. Bureau of Labor Statistics

the problems we faced in 81 far out weighed a simple housing bubble that simple greed created and trilllion dollar debts along with you health care bill has done nothing to fix

 

[Londoner]

Reagan was asked to price the military cost of stabilizing the middle east into the cost of oil. He and his advisors resisted this because they thought the resultant increase of energy costs would send a signal to the market to ramp-up investments in alternative energy and conservation. Reagan was massively funded by big oil and he was not going to let the free market destroy the special interests who were funding his ascendancy.

The U.S. swallowed poison in 1980.

 

[CrusaderFrank]

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 about how business should run government - and that 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.

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.

Dumb, dumb, dumb, stupid and ignorant. I have to go one sentence at a time and I can't tolerate this much stupid in one sitting so its going to be a week or so.

"Reagan exploded the debt with crackpot garbage like the Star Wars Missile Shield."

This is one of the stupidest things I've ever read and shows a complete total ignorance of the Reagan Presidency.

The Missile Shield worked and Reagan's "Star Wars" (A derisive term used by bitter American based supporters of the USSR) was one of the primary drivers of the collapse of the USSR Empire. Also, in 1988 total spending on "Star Wars" was about $3Billion. How did that "explode the debt"?

Do you see how stupid and wrong you are and why I will run out of patience answering your boneheaded, wrong and inaccurate "ideas"?

 

[Truthmatters]

reagan was a terrible president

 

[CrusaderFrank]

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.

Continued

"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."

No, I can't and anyways, what's the use? We have more oil now than we ever did. But you see how totally ignorant the above post is, right?

 

[JRK]

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.

cherry pick?
jobs created 81-89

981 95 67 104 74 10 196 112 -36 -87 -100 -209 -278
1982 -327 -6 -129 -281 -45 -243 -343 -158 -181 -277 -124 -14
1983 225 -78 173 276 277 378 418 -308 1114 271 352 356
1984 447 479 275 363 308 379 312 241 311 286 349 127
1985 266 124 346 195 274 145 189 193 204 187 209 168
1986 123 107 93 188 125 -93 318 113 346 187 186 204
1987 171 232 249 338 227 171 346 170 229 492 231 294
1988 94 452 276 245 227 363 223 121 340 268 339 289
1989 262 258 192 173 118 117 39 47 249 111 277 95
notice the real job growth, thats from this link
lets take 1983
14 million jobs compared to this
2009 -818 -724 -799 -692 -361 -482 -339 -231 -199 -202 -42 -171
2010 -40 -35 189 239 516 -167 -58 -51 -27 220 121 120
2011 110 220 246 251 54 84 96 85 202 112 157 223
2012 275 259 143 68 87 64(P) 163(P)
0
none
There has been little no no jobs created sense 2008. We have had fewer people today than in 08 working
From BLS
2008...... 136,790 114,281 21,335 767 7,162 13,406
2009...... 130,807 108,252 18,558 694 6,016 11,847

2010...... 129,874 107,384 17,751 705 5,518 11,528
2011(p)... 131,358 109,253 18,021 784 5,504 11,733

add 2012 and your still not close
ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt
http://data.bls.gov/pdq/SurveyOutputServlet

 

[Freewill]

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

Now, now, it could be that he/she is just plain stupid or at the very least uninformed.

 

[there4eyeM]

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.......

.....Not-to-mention the fact he was a.....

.....murdering son-of-a-bitch!!!

Gee, I was much gentler on Ronnie in another thread and people got very upset. You must have some very devoted enemies here.

 

[Dick Tuck]

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

Smoke and mirrors. Reagan's supply side experiment only appears to have succeeded, because he radically increased the deficit, size of the federal workforce, and federal spending in general. His defense spending wound up resulting in one of the greatest defense contractor scandals in our history, i.e. Ill Winds, which was consultants creating a market, in collaboration with contractors and military procurement officials, in the trade of insider procurement document.

Reaganomics also included capricious deregulation that led directly to the S&L collapse, handing Bush I a severe recession and cost the taxpayers hundreds of billions. Reagan's fiscal irresponsibility also resulted in the devaluation of the dollar.

If you want to see real growth in American prosperity, you ought to look at Clinton. He raised taxes, mostly at the top rates, and that resulted in increased value of the dollar, attracted foreign investment, low unemployment, and among other things creating budget surpluses.

Bush II tried the same Reagan approach, without Reagan's flexibility, with an even worse result. Trillions of dollars of American wealth was lost due to Bush's policies.

Obama, has been reducing the size of the federal workforce and when the Bush tax cuts expire, we'll start seeing results similar to Clinton. The biggest problem in our economy today is the lack of recovery in housing and construction. Congress rebuffed Obama's attempts to invest more in infrastructure, that would provide immediate aid to the hardest hit of our industries. But as it stands, Obama's discretionary spending is at the lowest rates we've seen in a very long time.

But I really wonder how the right would react if Obama did what Reagan did with both the Amnesty program and his zero option proposal with the Soviets. I suspect your heads would explode and you'd further snarl yourselves into incohesion.

 

[JRK]

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.

cherry pick?
jobs created 81-89

981 95 67 104 74 10 196 112 -36 -87 -100 -209 -278
1982 -327 -6 -129 -281 -45 -243 -343 -158 -181 -277 -124 -14
1983 225 -78 173 276 277 378 418 -308 1114 271 352 356
1984 447 479 275 363 308 379 312 241 311 286 349 127
1985 266 124 346 195 274 145 189 193 204 187 209 168
1986 123 107 93 188 125 -93 318 113 346 187 186 204
1987 171 232 249 338 227 171 346 170 229 492 231 294
1988 94 452 276 245 227 363 223 121 340 268 339 289
1989 262 258 192 173 118 117 39 47 249 111 277 95
notice the real job growth, thats from this link
lets take 1983
14 million jobs compared to this
2009 -818 -724 -799 -692 -361 -482 -339 -231 -199 -202 -42 -171
2010 -40 -35 189 239 516 -167 -58 -51 -27 220 121 120
2011 110 220 246 251 54 84 96 85 202 112 157 223
2012 275 259 143 68 87 64(P) 163(P)
0
none
There has been little no no jobs created sense 2008. We have had fewer people today than in 08 working
From BLS
2008...... 136,790 114,281 21,335 767 7,162 13,406
2009...... 130,807 108,252 18,558 694 6,016 11,847

2010...... 129,874 107,384 17,751 705 5,518 11,528
2011(p)... 131,358 109,253 18,021 784 5,504 11,733

add 2012 and your still not close
http://data.bls.gov/pdq/SurveyOutputServlet

 

[NYcarbineer]

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

Nonsense. The Federal Reserve reversed interest rate policy in August of 1982.

Gasoline went from about 1.30 in '81 to about .80 in 1986.

All Reagan did was to pump billions of government spending stimulus into the economy by increasing spending while cutting taxes, resulting in years of triple digit deficits.

 

[Truthmatters]

ask any economics expert which time was far more onerous.

Your OP article is revisionist history

 

[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

Smoke and mirrors. Reagan's supply side experiment only appears to have succeeded, because he radically increased the deficit, size of the federal workforce, and federal spending in general. His defense spending wound up resulting in one of the greatest defense contractor scandals in our history, i.e. Ill Winds, which was consultants creating a market, in collaboration with contractors and military procurement officials, in the trade of insider procurement document.

Reaganomics also included capricious deregulation that led directly to the S&L collapse, handing Bush I a severe recession and cost the taxpayers hundreds of billions. Reagan's fiscal irresponsibility also resulted in the devaluation of the dollar.

If you want to see real growth in American prosperity, you ought to look at Clinton. He raised taxes, mostly at the top rates, and that resulted in increased value of the dollar, attracted foreign investment, low unemployment, and among other things creating budget surpluses.

Bush II tried the same Reagan approach, without Reagan's flexibility, with an even worse result. Trillions of dollars of American wealth was lost due to Bush's policies.

Obama, has been reducing the size of the federal workforce and when the Bush tax cuts expire, we'll start seeing results similar to Clinton. The biggest problem in our economy today is the lack of recovery in housing and construction. Congress rebuffed Obama's attempts to invest more in infrastructure, that would provide immediate aid to the hardest hit of our industries. But as it stands, Obama's discretionary spending is at the lowest rates we've seen in a very long time.

But I really wonder how the right would react if Obama did what Reagan did with both the Amnesty program and his zero option proposal with the Soviets. I suspect your heads would explode and you'd further snarl yourselves into incohesion.

Job creation from 81-89

http://data.bls.gov/pdq/SurveyOutputServlet
1981 95 67 104 74 10 196 112 -36 -87 -100 -209 -278
1982 -327 -6 -129 -281 -45 -243 -343 -158 -181 -277 -124 -14
1983 225 -78 173 276 277 378 418 -308 1114 271 352 356
1984 447 479 275 363 308 379 312 241 311 286 349 127
1985 266 124 346 195 274 145 189 193 204 187 209 168
1986 123 107 93 188 125 -93 318 113 346 187 186 204
1987 171 232 249 338 227 171 346 170 229 492 231 294
1988 94 452 276 245 227 363 223 121 340 268 339 289
1989 262 258 192 173 118 117 39 47 249 111 277 95

there is no smoke and mirrors here

 

[CrusaderFrank]

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

Smoke and mirrors. Reagan's supply side experiment only appears to have succeeded, because he radically increased the deficit, size of the federal workforce, and federal spending in general. His defense spending wound up resulting in one of the greatest defense contractor scandals in our history, i.e. Ill Winds, which was consultants creating a market, in collaboration with contractors and military procurement officials, in the trade of insider procurement document.

Reaganomics also included capricious deregulation that led directly to the S&L collapse, handing Bush I a severe recession and cost the taxpayers hundreds of billions. Reagan's fiscal irresponsibility also resulted in the devaluation of the dollar.

If you want to see real growth in American prosperity, you ought to look at Clinton. He raised taxes, mostly at the top rates, and that resulted in increased value of the dollar, attracted foreign investment, low unemployment, and among other things creating budget surpluses.

Bush II tried the same Reagan approach, without Reagan's flexibility, with an even worse result. Trillions of dollars of American wealth was lost due to Bush's policies.

Obama, has been reducing the size of the federal workforce and when the Bush tax cuts expire, we'll start seeing results similar to Clinton. The biggest problem in our economy today is the lack of recovery in housing and construction. Congress rebuffed Obama's attempts to invest more in infrastructure, that would provide immediate aid to the hardest hit of our industries. But as it stands, Obama's discretionary spending is at the lowest rates we've seen in a very long time.

But I really wonder how the right would react if Obama did what Reagan did with both the Amnesty program and his zero option proposal with the Soviets. I suspect your heads would explode and you'd further snarl yourselves into incohesion.

Why aren't Obama's record setting deficits succeeding?

 

[Truthmatters]

Reagan ran up the deficit and started the slide in Americans average wealth.

 

[Truthmatters]

The new Bikini Graph struts its Obama job creation stuff. | The Political Carnival

 

[JRK]

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.......

.....Not-to-mention the fact he was a.....

.....murdering son-of-a-bitch!!!

Gee, I was much gentler on Ronnie in another thread and people got very upset. You must have some very devoted enemies here.

The debt came from congress
same as 08 thru 2012

If RR was a murderer, then BHO and his drones are what?

Chill out