The truth about Reaganomics

[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

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

 

[Truthmatters]

bullshit

 

[Truthmatters]

History of the United States public debt - Wikipedia, the free encyclopedia

 

[Truthmatters]

File:Federal Debt 1901-2010.png - Wikipedia, the free encyclopedia

 

[Full-Auto]

File:Federal Debt 1901-2010.png - Wikipedia, the free encyclopedia

Use the official site where democrats cower from updating......


Government - Historical Debt Outstanding – Annual

 

[JRK]

History of the United States public debt - Wikipedia, the free encyclopedia

Which President Increased Debt the Most?
congress owns the debt to start with
RR debt vs GDP was 15%
GWB first term was 5%
second was 17% (DEM congress last 2 years)
BHO was 23.5%

what are you trying to say?
facts always harm the libs

 

[Truthmatters]

[ame=http://www.youtube.com/watch?v=8GBAsFwPglw]Paul Weyrich - "I don't want everybody to vote" (Goo Goo) - YouTube[/ame]

 

[Listening]

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

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​

​

And people were so happy with Clinton that they threw his party out of both houses in one election.



This is to easy.

 

[Truthmatters]

This man was a founder of the Heeritage Foundation.

They are a hack site

 

[IGetItAlready]

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

AND chasing "progressive" filth, who at the time had the courage to admit they were communists, underground for years.

 

[JRK]

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​

​

And people were so happy with Clinton that they threw his party out of both houses in one election.



This is to easy.

that economy did not grow until after the GOP took control
1994 270 201 462 353 333 313 364 298 355 208 422 272
1995 322 210 223 160 -16 232 79 272 244 146 149 132
1996 -21 434 264 160 323 279 232 197 219 243 296 168
1997 231 299 313 290 256 255 281 -16 507 339 300 300
1998 273 188 144 278 399 212 118 353 219 194 280 344
1999 127 404 106 374 214 266 290 193 204 405 293 298
2000 248 122 471 288 224 -47 165 1 125 -12 227 136
2001 -15 63 -28 -282 -44 -128 -125 -155 -243 -331 -295 -178
2002 -129 -146 -24 -84 -9 47 -100 -11 -55 121 8 -163
2003 95 -159 -213 -49 -9 0 25 -45 109 197 14 119
2004 162 44 337 249 310 81 46 122 161 348 63 134
2005 137 240 141 360 170 243 374 193 66 80 334 160
2006 283 316 283 181 14 76 209 183 157 -9 204 171

please note the Clinton Recession as well as the Dems taking over the Senate in 2000 when Jumping Jim Jeffer switched parties after being elected as a Repub as well as 9-11 along with the bubbles and lies that came late in Clintons term (Enrons) that brought us Sarbanes Oxley
http://data.bls.gov/pdq/SurveyOutputServlet

 

[IGetItAlready]

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

Reagan ran up the deficit on defense spending with a specific goal in mind that once achieved, opened the door for the Clinton era defense cuts which led to the surplus so often cited by Clintonians as evidence of HIS overwhelming success.

 

[JRK]

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

Reagan ran up the deficit on defense spending with a specific goal in mind that once achieved, opened the door for the Clinton era defense cuts which led to the surplus so often cited by Clintonians as evidence of HIS overwhelming success.

it also broke the USSR
much of the debt is owned by congress
Take GWB
his 1st term had 4% GDP
his 2nd was 17% with 07 having only 162 billion over
BHO added 800 billion to GWB 09 deficit along with massive job loss

 

[Truthmatters]

bullshit

 

[JRK]

http://blog.heritage.org/wp-content/uploads/special-debt-by-administration-793x1024.jpg

 

[JRK]

President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion.
Bush Deficit vs. Obama Deficit in Pictures
UPDATE: Many Obama defenders in the comments are claiming that the numbers above do not include spending on Iraq and Afghanistan during the Bush years. They most certainly do. While Bush did fund the wars through emergency supplementals (not the regular budget process), that spending did not simply vanish. It is included in the numbers above. Also, some Obama defenders are claiming the graphic above represents biased Heritage Foundation numbers. While we stand behind the numbers we put out 100%, the numbers, and the graphic itself, above are from the Washington Post. We originally left out the link to WaPo. It has now been added.

 

[Truthmatters]

Everything You Think You Know About the Collapse of the Soviet Union Is Wrong - By Leon Aron | Foreign Policy

 

[Truthmatters]

Gorbachev is the reason the USSR changed

 

[Truthmatters]

AEI - Scholars - Leon Aron

 

[Truthmatters]

The heritage foundation is NOT an acceptable source.

they are a right wing hack foundation