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Reagan actually ended up raising taxes - eleven times. That's according to former Republican Sen. Alan Simpson, a longtime Reagan friend who co-chaired President Obama's fiscal commission that last year offered a deficit reduction proposal.
"Ronald Reagan was never afraid to raise taxes," historian Douglas Brinkley, who edited Reagan's diaries, told NPR. "He knew that it was necessary at times. And so there's a false mythology out there about Reagan as this conservative president who came in and just cut taxes and trimmed federal spending in a dramatic way. It didn't happen that way. It's false."
It was Reagan who pushed through a tax break for corporations that was to help create jobs. However, since there was nothing in the bill to keep the money in the USA, the corporations built plants overseas and employed non-US workers. This was the beginning of the American jobless situation.
Reagan also created the famous Iran Contra scandal, where he helped the "contras" in Nicaragua fight against the Nicaraguan democratic movement. This same group of people who were special agents for Reagan and his CIA director William Casey, dealt in narcotics, illegal arms sales to Iran and sent weapons and money to foment problems in all of South and Central America
Yea a great prez LOL
Reagan was the kind of man that President Dwight D. Eisenhower feared would one day be in the White House. Sadly, his fears were born out with the arrival of the actor Ronald Reagan, a man who did not write his own speeches, could not keep his mind together for more than two sentences, It is unsurprising that another idiot, Sarah Palin, would say we should take on more of Reagan's ideas and ways.
Why would you expect to see an expansion now, we have no manufacturing base to build off of. Back then we still had a middle class to drive the nation as well, that was before Reagonomics crippled the middle class.funny the oil prices have dropped now for about a year and we see no such expansion. Excuses, excuse for hating Reagan that is all.
Why would you expect to see an expansion now, we have no manufacturing base to build off of. Back then we still had a middle class to drive the nation as well, that was before Reagonomics crippled the middle class.funny the oil prices have dropped now for about a year and we see no such expansion. Excuses, excuse for hating Reagan that is all.
Why would you expect to see an expansion now, we have no manufacturing base to build off of. Back then we still had a middle class to drive the nation as well, that was before Reagonomics crippled the middle class.funny the oil prices have dropped now for about a year and we see no such expansion. Excuses, excuse for hating Reagan that is all.
Both Reagan and Gorby had the good sense to not want a nuclear war so they could deal with each other. Had it been Stalin or a MacArthur type the deal would never have worked. So Reagan does deserve credit for working with Gorby. It also had to be a Republican president that accepted the deal as a Democratic president would have been crucified for surrendering, turning chicken, selling out all our dead heroes and so on.
Reagan, the greatest ever if for no other reason then he, should have, made you proud to be an American. There was never any doubt of what country Reagan loved. So naturally those who hate America hate Reagan.
The Reagan Boom - Greatest Ever - NYTimes.com
We don't know whether historians will call it the Great Expansion of the 1980's or Reagan's Great Expansion, but we do know from official economic statistics that the seven year period from 1982 to 1989 was the greatest, consistent burst of economic activity ever seen in the U.S. In fact, it was the greatest economic expansion the world has ever seen - in any country, at any time.
The two key measures that mark a depression or expansion are jobs and production. Let's look at the records that were set. Creation of jobs. From November 1982, when President Ronald Reagan's new economic program was beginning to take effect, to November 1989, 18.7 million new jobs were created. It was a world record: Never before had so many jobs been created during a comparable time period. The new jobs covered the entire spectrum of work, and more than half of them paid more than $20,000 a year. As total employment grew to 119.5 million, the rate of unemployment fell to slightly over 5 percent, the lowest level in 15 years. Creation of wealth.
I doubt you will ever get left wingers to acknowledge that. Reagan should have used the veto more in his second term to get some control on spending.
It was not the 'Reagan boom'. It was an upturn in the business cycle that happened to occur while Reagan was president.
I don't disagree about Clinton, that sucking sound happened at the end of his tenure when he bestowed permanent normal trade relations on China. Nevertheless I don't excuse Reaganomics negative affects, trickle down doesn't work. The economic upturn during Reagan's tenure was in relation to declining oil prices which also had a positive effect on inflation.Why would you expect to see an expansion now, we have no manufacturing base to build off of. Back then we still had a middle class to drive the nation as well, that was before Reagonomics crippled the middle class.funny the oil prices have dropped now for about a year and we see no such expansion. Excuses, excuse for hating Reagan that is all.
How do you blame Reagan? Especially considering that he ushered in the greatest peace time expansion of the economy the world has ever seen??
Let me take you back in time when it was predicted if the US did something there would be a great sucking sound of jobs leaving the country and it has happened. Who did such a thing, again predicted to happen, no less the William Jefferson Clinton. To blame Reagan when there has been four presidents since and 26 years seems to be nothing but partisan Reagan hating.
I don't disagree about Clinton, that sucking sound happened at the end of his tenure when he bestowed permanent normal trade relations on China. Nevertheless I don't excuse Reaganomics negative affects, trickle down doesn't work. The economic upturn during Reagan's tenure was in relation to declining oil prices which also had a positive effect on inflation.Why would you expect to see an expansion now, we have no manufacturing base to build off of. Back then we still had a middle class to drive the nation as well, that was before Reagonomics crippled the middle class.funny the oil prices have dropped now for about a year and we see no such expansion. Excuses, excuse for hating Reagan that is all.
How do you blame Reagan? Especially considering that he ushered in the greatest peace time expansion of the economy the world has ever seen??
Let me take you back in time when it was predicted if the US did something there would be a great sucking sound of jobs leaving the country and it has happened. Who did such a thing, again predicted to happen, no less the William Jefferson Clinton. To blame Reagan when there has been four presidents since and 26 years seems to be nothing but partisan Reagan hating.
He started the war on unions, he started the push for free trade and he implemented trickle down economics to name the most obvious.Why would you expect to see an expansion now, we have no manufacturing base to build off of. Back then we still had a middle class to drive the nation as well, that was before Reagonomics crippled the middle class.funny the oil prices have dropped now for about a year and we see no such expansion. Excuses, excuse for hating Reagan that is all.
I'll give you a chance to explain yourself. How do you suppose Reagan crippled the middle class?
He started the war on unions, he started the push for free trade and he implemented trickle down economics to name the most obvious.Why would you expect to see an expansion now, we have no manufacturing base to build off of. Back then we still had a middle class to drive the nation as well, that was before Reagonomics crippled the middle class.funny the oil prices have dropped now for about a year and we see no such expansion. Excuses, excuse for hating Reagan that is all.
I'll give you a chance to explain yourself. How do you suppose Reagan crippled the middle class?
Reagan actually ended up raising taxes - eleven times. That's according to former Republican Sen. Alan Simpson, a longtime Reagan friend who co-chaired President Obama's fiscal commission that last year offered a deficit reduction proposal.
"Ronald Reagan was never afraid to raise taxes," historian Douglas Brinkley, who edited Reagan's diaries, told NPR. "He knew that it was necessary at times. And so there's a false mythology out there about Reagan as this conservative president who came in and just cut taxes and trimmed federal spending in a dramatic way. It didn't happen that way. It's false."
It was Reagan who pushed through a tax break for corporations that was to help create jobs. However, since there was nothing in the bill to keep the money in the USA, the corporations built plants overseas and employed non-US workers. This was the beginning of the American jobless situation.
Reagan also created the famous Iran Contra scandal, where he helped the "contras" in Nicaragua fight against the Nicaraguan democratic movement. This same group of people who were special agents for Reagan and his CIA director William Casey, dealt in narcotics, illegal arms sales to Iran and sent weapons and money to foment problems in all of South and Central America
Yea a great prez LOL
Reagan was the kind of man that President Dwight D. Eisenhower feared would one day be in the White House. Sadly, his fears were born out with the arrival of the actor Ronald Reagan, a man who did not write his own speeches, could not keep his mind together for more than two sentences, It is unsurprising that another idiot, Sarah Palin, would say we should take on more of Reagan's ideas and ways.
I don't disagree about Clinton, that sucking sound happened at the end of his tenure when he bestowed permanent normal trade relations on China. Nevertheless I don't excuse Reaganomics negative affects, trickle down doesn't work. The economic upturn during Reagan's tenure was in relation to declining oil prices which also had a positive effect on inflation.Why would you expect to see an expansion now, we have no manufacturing base to build off of. Back then we still had a middle class to drive the nation as well, that was before Reagonomics crippled the middle class.funny the oil prices have dropped now for about a year and we see no such expansion. Excuses, excuse for hating Reagan that is all.
How do you blame Reagan? Especially considering that he ushered in the greatest peace time expansion of the economy the world has ever seen??
Let me take you back in time when it was predicted if the US did something there would be a great sucking sound of jobs leaving the country and it has happened. Who did such a thing, again predicted to happen, no less the William Jefferson Clinton. To blame Reagan when there has been four presidents since and 26 years seems to be nothing but partisan Reagan hating.
Now you are just repeating crap you read in other posts. THINK, so what if some of the economic upturn was due to oil prices or just an economic upturn which had nothing to do with Reagan, that argument still blows away the BS about Reagan ruining the middle class. WTF is your evidence? Where is your post on exactly what he did? The WSJ disagrees with you an they are not exactly right leaning, even then.
The tax increases BS is another bunch of hater crap. If Reagan raised taxes so much how did the democrat congress get "read my lips" Bush to raise taxes so much?
All that said, even if Reagan would have plunged us into a depression, which he didn't, he still would have been a better president then any in my life time. He delivered us from the malaise of Jimmy Carter and restored the Presidency, which again Clinton sullied.
I don't disagree about Clinton, that sucking sound happened at the end of his tenure when he bestowed permanent normal trade relations on China. Nevertheless I don't excuse Reaganomics negative affects, trickle down doesn't work. The economic upturn during Reagan's tenure was in relation to declining oil prices which also had a positive effect on inflation.Why would you expect to see an expansion now, we have no manufacturing base to build off of. Back then we still had a middle class to drive the nation as well, that was before Reagonomics crippled the middle class.funny the oil prices have dropped now for about a year and we see no such expansion. Excuses, excuse for hating Reagan that is all.
How do you blame Reagan? Especially considering that he ushered in the greatest peace time expansion of the economy the world has ever seen??
Let me take you back in time when it was predicted if the US did something there would be a great sucking sound of jobs leaving the country and it has happened. Who did such a thing, again predicted to happen, no less the William Jefferson Clinton. To blame Reagan when there has been four presidents since and 26 years seems to be nothing but partisan Reagan hating.
Now you are just repeating crap you read in other posts. THINK, so what if some of the economic upturn was due to oil prices or just an economic upturn which had nothing to do with Reagan, that argument still blows away the BS about Reagan ruining the middle class. WTF is your evidence? Where is your post on exactly what he did? The WSJ disagrees with you an they are not exactly right leaning, even then.
The tax increases BS is another bunch of hater crap. If Reagan raised taxes so much how did the democrat congress get "read my lips" Bush to raise taxes so much?
All that said, even if Reagan would have plunged us into a depression, which he didn't, he still would have been a better president then any in my life time. He delivered us from the malaise of Jimmy Carter and restored the Presidency, which again Clinton sullied.
1. Reagan was a serial tax raiser. As governor of California, Reagan “signed into law the largest tax increase in the history of any state up till then.” Meanwhile, state spending nearly doubled. As president, Reagan “raised taxes in seven of his eight years in office,” including four times in just two years. As former GOP Senator Alan Simpson, who called Reagan “a dear friend,” told NPR, “Ronald Reagan raised taxes 11 times in his administration — I was there.” “Reagan was never afraid to raise taxes,” said historian Douglas Brinkley, who edited Reagan’s memoir. Reagan the anti-tax zealot is “false mythology,” Brinkley said.
2. Reagan nearly tripled the federal budget deficit. During the Reagan years, the debt increased to nearly $3 trillion, “roughly three times as much as the first 80 years of the century had done altogether.” Reagan enacted a major tax cut his first year in office and government revenue dropped off precipitously. Despite the conservative myth that tax cuts somehow increase revenue, the government went deeper into debt and Reagan had to raise taxes just a year after he enacted his tax cut. Despite ten more tax hikes on everything from gasoline to corporate income, Reagan wasnever able to get the deficit under control.
3. Unemployment soared after Reagan’s 1981 tax cuts. Unemployment jumped to 10.8 percent after Reagan enacted his much-touted tax cut, and it took years for the rate to get back down to its previous level. Meanwhile, income inequality exploded. Despite the myth that Reagan presided over an era of unmatched economic boom for all Americans, Reagan disproportionately taxed the poor and middle class, but the economic growth of the 1980’s did little help them. “Since 1980, median household income has risen only 30 percent, adjusted for inflation, while average incomes at the top have tripled or quadrupled,” the New York Times’ David Leonhardt noted.
4. Reagan grew the size of the federal government tremendously. Reagan promised “to move boldly, decisively, and quickly to control the runaway growth of federal spending,” but federal spending “ballooned” under Reagan. He bailed out Social Security in 1983 after attempting to privatize it, and set up a progressive taxation system to keep it funded into the future. He promised to cut government agencies like the Department of Energy and Education but ended up adding one of the largest — the Department of Veterans’ Affairs, which today has a budget of nearly $90 billion and close to 300,000 employees. He also hiked defense spendingby over $100 billion a year to a level not seen since the height of the Vietnam war.
5. Reagan did little to fight a woman’s right to choose. As governor of California in 1967, Reagan signed a bill to liberalize the state’s abortion laws that “resulted in more than a million abortions.” When Reagan ran for president, he advocated a constitutional amendment that would have prohibited all abortions except when necessary to save the life of the mother, but once in office, he “never seriously pursued” curbing choice.
6. Reagan was a “bellicose peacenik.” He wrote in his memoirs that “[m]y dream…became a world free of nuclear weapons.” “This vision stemmed from the president’s belief that the biblical account of Armageddon prophesied nuclear war — and that apocalypse could be averted if everyone, especially the Soviets, eliminated nuclear weapons,” the Washington Monthly noted. And Reagan’s military buildup was meant to crush the Soviet Union, but “also to put the United States in a stronger position from which to establish effective arms control” for the the entire world — a vision acted out by Regean’s vice president, George H.W. Bush, when he became president.
7. Reagan gave amnesty to 3 million undocumented immigrants. Reagan signed into law a bill that made any immigrant who had entered the country before 1982 eligible for amnesty. The bill was sold as a crackdown, but its tough sanctions on employers who hired undocumented immigrants were removed before final passage. The bill helped 3 million people and millions more family members gain American residency. It has since become a source of major embarrassment for conservatives.
8. Reagan illegally funneled weapons to Iran. Reagan and other senior U.S. officials secretly sold arms to officials in Iran, which was subject to a an arms embargo at the time, in exchange for American hostages. Some funds from the illegal arms sales also went to fund anti-Communist rebels in Nicaragua — something Congress had already prohibited the administration from doing. When the deals went public, the Iran-Contra Affair, as it came to be know, was an enormous political scandal that forced several senior administration officials to resign.
9. Reagan vetoed a comprehensive anti-Apartheid act. which placed sanctions on South Africa and cut off all American trade with the country. Reagan’s veto wasoverridden by the Republican-controlled Senate. Reagan responded by saying “I deeply regret that Congress has seen fit to override my veto,” saying that the law “will not solve the serious problems that plague that country.”
10. Reagan helped create the Taliban and Osama Bin Laden. Reagan fought a proxy war with the Soviet Union by training, arming, equipping, and funding Islamist mujahidin fighters in Afghanistan. Reagan funneled billions of dollars, along with top-secret intelligence and sophisticated weaponry to these fighters through the Pakistani intelligence service. The Talbian and Osama Bin Laden — a prominent mujahidin commander — emerged from these mujahidin groups Reagan helped create, and U.S. policy towards Pakistan remains strained because of the intelligence services’ close relations to these fighters. In fact, Reagan’s decision to continue the proxy war after the Soviets were willing to retreat played a direct role in Bin Laden’s ascendancy.
I don't disagree about Clinton, that sucking sound happened at the end of his tenure when he bestowed permanent normal trade relations on China. Nevertheless I don't excuse Reaganomics negative affects, trickle down doesn't work. The economic upturn during Reagan's tenure was in relation to declining oil prices which also had a positive effect on inflation.Why would you expect to see an expansion now, we have no manufacturing base to build off of. Back then we still had a middle class to drive the nation as well, that was before Reagonomics crippled the middle class.funny the oil prices have dropped now for about a year and we see no such expansion. Excuses, excuse for hating Reagan that is all.
How do you blame Reagan? Especially considering that he ushered in the greatest peace time expansion of the economy the world has ever seen??
Let me take you back in time when it was predicted if the US did something there would be a great sucking sound of jobs leaving the country and it has happened. Who did such a thing, again predicted to happen, no less the William Jefferson Clinton. To blame Reagan when there has been four presidents since and 26 years seems to be nothing but partisan Reagan hating.
Now you are just repeating crap you read in other posts. THINK, so what if some of the economic upturn was due to oil prices or just an economic upturn which had nothing to do with Reagan, that argument still blows away the BS about Reagan ruining the middle class. WTF is your evidence? Where is your post on exactly what he did? The WSJ disagrees with you an they are not exactly right leaning, even then.
The tax increases BS is another bunch of hater crap. If Reagan raised taxes so much how did the democrat congress get "read my lips" Bush to raise taxes so much?
All that said, even if Reagan would have plunged us into a depression, which he didn't, he still would have been a better president then any in my life time. He delivered us from the malaise of Jimmy Carter and restored the Presidency, which again Clinton sullied.
1. Reagan was a serial tax raiser. As governor of California, Reagan “signed into law the largest tax increase in the history of any state up till then.” Meanwhile, state spending nearly doubled. As president, Reagan “raised taxes in seven of his eight years in office,” including four times in just two years. As former GOP Senator Alan Simpson, who called Reagan “a dear friend,” told NPR, “Ronald Reagan raised taxes 11 times in his administration — I was there.” “Reagan was never afraid to raise taxes,” said historian Douglas Brinkley, who edited Reagan’s memoir. Reagan the anti-tax zealot is “false mythology,” Brinkley said.
2. Reagan nearly tripled the federal budget deficit. During the Reagan years, the debt increased to nearly $3 trillion, “roughly three times as much as the first 80 years of the century had done altogether.” Reagan enacted a major tax cut his first year in office and government revenue dropped off precipitously. Despite the conservative myth that tax cuts somehow increase revenue, the government went deeper into debt and Reagan had to raise taxes just a year after he enacted his tax cut. Despite ten more tax hikes on everything from gasoline to corporate income, Reagan wasnever able to get the deficit under control.
3. Unemployment soared after Reagan’s 1981 tax cuts. Unemployment jumped to 10.8 percent after Reagan enacted his much-touted tax cut, and it took years for the rate to get back down to its previous level. Meanwhile, income inequality exploded. Despite the myth that Reagan presided over an era of unmatched economic boom for all Americans, Reagan disproportionately taxed the poor and middle class, but the economic growth of the 1980’s did little help them. “Since 1980, median household income has risen only 30 percent, adjusted for inflation, while average incomes at the top have tripled or quadrupled,” the New York Times’ David Leonhardt noted.
4. Reagan grew the size of the federal government tremendously. Reagan promised “to move boldly, decisively, and quickly to control the runaway growth of federal spending,” but federal spending “ballooned” under Reagan. He bailed out Social Security in 1983 after attempting to privatize it, and set up a progressive taxation system to keep it funded into the future. He promised to cut government agencies like the Department of Energy and Education but ended up adding one of the largest — the Department of Veterans’ Affairs, which today has a budget of nearly $90 billion and close to 300,000 employees. He also hiked defense spendingby over $100 billion a year to a level not seen since the height of the Vietnam war.
5. Reagan did little to fight a woman’s right to choose. As governor of California in 1967, Reagan signed a bill to liberalize the state’s abortion laws that “resulted in more than a million abortions.” When Reagan ran for president, he advocated a constitutional amendment that would have prohibited all abortions except when necessary to save the life of the mother, but once in office, he “never seriously pursued” curbing choice.
6. Reagan was a “bellicose peacenik.” He wrote in his memoirs that “[m]y dream…became a world free of nuclear weapons.” “This vision stemmed from the president’s belief that the biblical account of Armageddon prophesied nuclear war — and that apocalypse could be averted if everyone, especially the Soviets, eliminated nuclear weapons,” the Washington Monthly noted. And Reagan’s military buildup was meant to crush the Soviet Union, but “also to put the United States in a stronger position from which to establish effective arms control” for the the entire world — a vision acted out by Regean’s vice president, George H.W. Bush, when he became president.
7. Reagan gave amnesty to 3 million undocumented immigrants. Reagan signed into law a bill that made any immigrant who had entered the country before 1982 eligible for amnesty. The bill was sold as a crackdown, but its tough sanctions on employers who hired undocumented immigrants were removed before final passage. The bill helped 3 million people and millions more family members gain American residency. It has since become a source of major embarrassment for conservatives.
8. Reagan illegally funneled weapons to Iran. Reagan and other senior U.S. officials secretly sold arms to officials in Iran, which was subject to a an arms embargo at the time, in exchange for American hostages. Some funds from the illegal arms sales also went to fund anti-Communist rebels in Nicaragua — something Congress had already prohibited the administration from doing. When the deals went public, the Iran-Contra Affair, as it came to be know, was an enormous political scandal that forced several senior administration officials to resign.
9. Reagan vetoed a comprehensive anti-Apartheid act. which placed sanctions on South Africa and cut off all American trade with the country. Reagan’s veto wasoverridden by the Republican-controlled Senate. Reagan responded by saying “I deeply regret that Congress has seen fit to override my veto,” saying that the law “will not solve the serious problems that plague that country.”
10. Reagan helped create the Taliban and Osama Bin Laden. Reagan fought a proxy war with the Soviet Union by training, arming, equipping, and funding Islamist mujahidin fighters in Afghanistan. Reagan funneled billions of dollars, along with top-secret intelligence and sophisticated weaponry to these fighters through the Pakistani intelligence service. The Talbian and Osama Bin Laden — a prominent mujahidin commander — emerged from these mujahidin groups Reagan helped create, and U.S. policy towards Pakistan remains strained because of the intelligence services’ close relations to these fighters. In fact, Reagan’s decision to continue the proxy war after the Soviets were willing to retreat played a direct role in Bin Laden’s ascendancy.
Creation of jobs. From November 1982, when President Ronald Reagan's new economic program was beginning to take effect, to November 1989, 18.7 million new jobs were created. It was a world record: Never before had so many jobs been created during a comparable time period.
View attachment 44042
Carter, JFK, Johnson and Nixon all did better than Reagan in the same time frames.
And Clinton holds the all time record for job creation.
Clinton rode the greatest economic boom in the history of the world into recession. And his free trade put a whole lot of Americans out of a job. Reagan probably should have done better considering who he was following.
Reagan actually ended up raising taxes - eleven times. That's according to former Republican Sen. Alan Simpson, a longtime Reagan friend who co-chaired President Obama's fiscal commission that last year offered a deficit reduction proposal.
"Ronald Reagan was never afraid to raise taxes," historian Douglas Brinkley, who edited Reagan's diaries, told NPR. "He knew that it was necessary at times. And so there's a false mythology out there about Reagan as this conservative president who came in and just cut taxes and trimmed federal spending in a dramatic way. It didn't happen that way. It's false."
It was Reagan who pushed through a tax break for corporations that was to help create jobs. However, since there was nothing in the bill to keep the money in the USA, the corporations built plants overseas and employed non-US workers. This was the beginning of the American jobless situation.
Reagan also created the famous Iran Contra scandal, where he helped the "contras" in Nicaragua fight against the Nicaraguan democratic movement. This same group of people who were special agents for Reagan and his CIA director William Casey, dealt in narcotics, illegal arms sales to Iran and sent weapons and money to foment problems in all of South and Central America
Yea a great prez LOL
Reagan was the kind of man that President Dwight D. Eisenhower feared would one day be in the White House. Sadly, his fears were born out with the arrival of the actor Ronald Reagan, a man who did not write his own speeches, could not keep his mind together for more than two sentences, It is unsurprising that another idiot, Sarah Palin, would say we should take on more of Reagan's ideas and ways.
Yet, Obama bombed Libya and supplied arms to the Syrian rebels that gave rise tho ISIS and the death of the four at Benghazi.
Reagan did was good for the country. Besides I didn't think you Reagan haters had a tax you didn't like.
