- Jul 22, 2009
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Reagan destroyed the Middle Class. (as well as worked to get rid of open carry in California, increased the problem of mentally ill Americans kicked to the streets, and a huge illegal amnesty...not to forget the Iran-Contra crime)We see wokeness taking hold in big business because leftist college grads stuffed full of idiot propaganda have moved into higher positions.
We see wokeness taking hold in institutions like the CIA and the military because leftist college grads stuffed full of idiot propaganda have moved into high positions.
This forum is no different. The lies and misinformation told about Ronald Reagan in one of my others threads is astounding. But here is the New York Times - - wot? wot? yes, the New York Times, praising thre greatest economic boom every after Reagan left office.
The Reagan Boom - Greatest Ever
New York Times - Jan 17, 1990
Almost everyone knows that the greatest depression the U.S. ever had was in the 1930's. It was known as the Great Depression, and its infamy merits a separate section in economics textbooks. But what was its counterpart? When did our greatest economic expansion occur?
We just had it. And it is still expanding, setting new records with each passing month.
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.
The amount of wealth produced during this seven year period was stupendous - some $30 trillion worth of goods and services. Again, it was a world record. Never before had so much wealth been produced during a comparable period. According to a recent study, net asset values - including stocks, bonds and real estate - went up by more than $5 trillion between 1982 and 1989, an increase of roughly 50 percent.
There are other important measures. Steady economic growth. As we begin the decade of the 1990's, we are in our 86th straight month of economic growth - a new record for peacetime, five months longer than the wartime growth of World War II and only 23 months short of the wartime record set during the Vietnam War in the 1960's. Most experts now predict that it will last right through 1990, and perhaps beyond. . . . CUT