How am I wrong?....Reaganomics created more than 20 million jobs. BLS proves it. It's your abject hatred of Reagan that makes you willingly ignore the facts. To include the fact that jobs were still being created under Reagan's policy until Clinton instituted his own. And Clinton's policy contained some of Reagan's policies, and that drives you haters friggin' bonkers!
There is a reason why so many dem's identify themselves as Reagan democrats. It was his fiscal policy!.....Deal with it!
Funny thing is, you're up here whining about Limbaugh reffering to Al Gore (who is an idiot) as Algore etc, etc, while you're you are reffering to Reagan as 9/11 Reagan etc., etc.
Talk about A FUCKIN' HYPOCRITE!
Reagonomics ended in failure in Dec of 1982 with unemployment at 10.8% and having LOST 1 million jobs, BLS proves it. 9/11 Reagan then began to tax and spend like a Democrat. He rolled back 1/3 of his tax cuts and RAISED taxes 8 times in 6 years.
Total Federal Tax Collections (billions)
Year Constant (87 dollars)
---------------------------------------
1980 $728.1
1981 766.6 < Reagan tax cut passed in August
1982 738.2 < drop in total revenue
1983 684.3 < drop in total revenue
1984 730.4 < Reagan raises taxes
1985 776.6 < Reagan raises taxes again, 81 level recovered
1986 790.0 < Reagan raises taxes yet again
1987 854.1 < Reagan raises taxes some more
1988 877.3
Source - Internal Revenue Service.
Here is a list of Reagan's tax increases after his ONLY tax cut in 1981.
First term
1. Tax Equity and Fiscal Responsibility Act of 1982
2. Highway Revenue Act of 1982
3. Social Security Amendments of 1983
4. Interest and Dividend Tax Compliance Act of 1983
5. Deficit Reduction Act of 1984
Second term
6. Omnibus Budget Reconciliation Act of 1985
7. Tax Reform Act of 1986
8. Omnibus Budget Reconciliation Act of 1987