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Ronald Reagan and the Greatest Economic Boom since WWII

bodecea

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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

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)
 

Aldo Raine

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Hey Asshole, that means it is on the Rethugikkkons. If Bill gets no credit for a balanced budget on his watch it means the Rethugikkkons get credit for the massive deficits they ran up while in charge!!!!

Hey dicksucker, if you want to act like a punkass bitch do it in another thread.

So far not one thing you said is truthful, and for sure none of it refutes the first post in this thread.,


Really puss-puss, so ewe are going to now tell me that the Rethugikkkons did balance the budget while Dubya and tRump were in office? GTFO!!!!
MAGA
 
OP
PatriotArmy

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Economy: President Reagans Address to the Nation on the Economy 2/5/81

Almost 100 days into his presidency, right at the beginning. He sounds so wise compared to that sick disgusting senile embarrassment Biden who slurs every word.

 

my2¢

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I've nothing against Reagan but I give more credit to Paul Volcker for the economy and righting the ship. Likewise I also cringe when I hear the phrase 'Reagan Recession'. Jimmy Carter bit the bullet to end run-away inflation by naming Volcker as Fed Chairman in 1979 who pursued a tight money supply policy that after its affect of kicking our butts put us on a path to success. I was looking for my first house in 1981 and 21% mortgage interest rates knocked that thought out of me for a couple of years.
 

bendog

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While the OP is really a fail in attempting to compare booms, the funny thing is that because it was written so long ago, it pretty much failed to address how much the world's wealth increased as a result of Reagan's adoption of Milton Friedman's analysis. It all came crashing down in 2016, in part because Greenspan stopped following Friedman's tenents on monatarism but that shouldn't detract from what was accomplished. The worldwide boom was, as least as I recall from the time, pretty unique. Rome and even the New World booms didn't reach places that 1980 did. In 2000 we elected a president who strangely abdicated, and then tried to regain, our ability to help prosperity reach very distant places.
 

bendog

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While the OP is really a fail in attempting to compare booms. . . .

Your entire post is a pathetic failed attempt to sound intelligent, but is actually a pile of nonsense.
so's you OP, so there. LOL

btw, the books would be Globalization and its Discontents and the Price of Inequality
 

Indeependent

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Economy: President Reagans Address to the Nation on the Economy 2/5/81

Almost 100 days into his presidency, right at the beginning. He sounds so wise compared to that sick disgusting senile embarrassment Biden who slurs every word.

I don’t think there’s anything to gain by comparing anyone to Dementia Biden.
That however, does not excuse the sellout of the overwhelming majority of the American people to global interests.
Clinton and Obama were no better than Reagan, et al.
 

rightwinger

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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

1990 Before the Clinton BOOM left Reagan in the dust, followed by the Obama BOOM that buried reagan 6 feet under.
Barry had the worst recover since WWII, Dumbass.
The Great Obama nearly tripled the Stock Market and added 13 million jobs
 

Missouri_Mike

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Missouri_Mike

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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

1990 Before the Clinton BOOM left Reagan in the dust, followed by the Obama BOOM that buried reagan 6 feet under.
Clinton coasted through on what Reagan built. Anyone that thinks Obie had a boom is fucking retarded.
 

rightwinger

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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

1990 Before the Clinton BOOM left Reagan in the dust, followed by the Obama BOOM that buried reagan 6 feet under.
Clinton coasted through on what Reagan built. Anyone that thinks Obie had a boom is fucking retarded.

Reagan tripled the deficit and spent like a drunken sailor to get his “boom”

Clinton did it and ran a budget surplus and his boom was much bigger
 

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