CrusaderFrank
Diamond Member
- May 20, 2009
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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.
And Obama's deficits aren't creating 5 times the stimulus of Reagan's because:
a. Bush
b. Booooooooooooooooooooooosh
c. Im going to crap in your living room
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