auditor0007
Gold Member
Volcker raised interest rates sky high and introduced a deliberate recession to cool inflation (or stagflation).
It was a very bold move and not popular politically.
But it's why the economy took off shortly after Reagan took office.
However unemployment was high as a result. So what did Reagan do? Cut taxes.
That didn't work.
So Reagan raised taxes and started spending like crazy. The government started hiring. And lo and behold, unemployment went down.
It was a "miracle".
Exactly.
Reagan Grew Government More than Any President in My Lifetime
Non Military Government Employees by President
Ronald Reagan
- Started: 2,875,000
- Ended: 3,113,000
Reagan EXPANDED the Federal Workforce by 238,000
Bill Clinton
- Started: 3,083,000
- Ended: 2,703,000
Clinton REDUCED the Federal Workforce by 380,000
George W Bush
- Started: 2,703,000
- Ended: 2,756,000
Bush EXPANDED the Federal Workforce by 53,000
Obama's numbers cannot be tallied yet because he is still in office, but here are some interesting facts.
By the end of 2010, the United States had less employees than we did at the end of Reagan even though the population has grown from 226,545,805 to approximately 330,000,000 in 2010.
REAGAN VERSUS OBAMA
1988 3,113,000 

2010 2,840,000
In his 3rd year Reagan added 1.2 million government employees, which not only improved his employment stats, but it put more spenders/consumers in the economy which prevented main street layoffs.
By contrast Obama laid-off 250,000 government employees during his 3rd year.
(Do you understand the Reagan hoax?)
Reagan created the biggest government this country has ever had. He nearly tripled the size of the carter Government and Carter debt. He was a bigger Keynesian than anyone in my lifetime.
I actually liked Reagan for the most part. I understood he was a pragmatist when it came to governing despite his conservative leanings. What is so humorous is that today's far right wing idolizes him yet they would never vote for him because they would say he is a RINO.