Ronald Reagan: Worst president ever

[LA RAM FAN]

Ronald Reagan: Worst President Ever? | Consortiumnews

No shit. Sad its taken almost 30 years to realize this. The man destroyed America for normal every day Americans and set it on a path for the rich and only the rich.

Let's check.


And the tax cuts of the Economic Recovery Act of 1981 stimulated economic growth. “As a 1982 JEC study pointed out,[1] similar across-the-board tax cuts had been implemented in the 1920s as the Mellon tax cuts, and in the 1960s as the Kennedy tax cuts. In both cases the reduction of high marginal tax rates actually increased tax payments by "the rich," also increasing their share of total individual income taxes paid.” http://www.house.gov/jec/fiscal/tx-grwth/reagtxct/reagtxct.htm

“As inflation came down and as more and more of the tax cuts from the 1981 Act went into effect, the economic began a strong and sustained pattern of growth.” http://www.ustreas.gov/education/fact-sheets/taxes/ustax.shtml

1. The benefits from Reaganomics:
   1. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
   2. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
   3. Unemployment fell to 5.5% from 7.1% (Table B-35)
   4. Prime interest rate fell by one-third.(Table B-73)
   5. The S & P 500 jumped 124% (Table B-95) http://www.gpoaccess.gov/eop/tables10.html
   6. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116

b. and c. Kiva Lending Team: Team REAL Americans | Kiva





While the ranks of the wealthy quickly multiplied, middle-class investors also entered the stock market in rapidly growing numbers. The creation by Congress in 1978 of the 401(k) tax-deferred retirement plan provided new incentives for workers to invest their savings in the stock market (often through mutual funds) rather than relying on company-funded pensions for retirement. The 401(k) led to a kind of democratization of Wall Street, as the percentage of American households owning some stake in the stock market—either directly or through mutual funds—shot quickly from 15.9% in 1983 to 29.6% in 1989.23 Thus the great bull market of the 1980s created more wealth, for more American families, than any previous boom in history.

Investment Company Institute, "Equity Ownership in America, 2005," http://www.ici.org/pdf/rpt_05_equity_owners.pdf,

The Reagan Era Learning Guide: Citations

Shmoop’s sources cited for The Reagan Era

www.shmoop.com

And then Reagan passed the largest peace time tax hike in history thereby wiping out any previous tax cuts.

People were paying MORE taxes not less when Reagan left office.

Reagan spent like a drunken Keynesian all while claiming that "government is the problem" and increased government spending by 82% but there are idiots here who still claim that Reagan was a small government conservative.

Denial ain't just a river in Egypt

We burst from the economic stagnation of the 1970s into a dynamic, innovative, high-tech-oriented economy. Even in recent years the much-maligned U.S. did well. Between year-end 2002 and year-end 2007 U.S. growth exceeded the entire size of China's economy.”

How Capitalism Will Save Us

If sensible rescue efforts continue--and they will--the immediate crisis will quickly pass.

www.forbes.com

1. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
2. But….the national wealth went up $ 17 trillion
3. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.

George Gilder: The Real Reagan Lesson for Romney-Ryan

Wow the brainwashing is deep with you

Reagan INCREASED the size of the government. He INCREASED government spending by 82%

If you are a Reagan fan you are a fan of BIG government

Governement grows regardless of which party is in power. That's what you ignore.

YEah OK

He increased spending by 82% and increased the debt by 186%

And you idiots still think he was a "small government" guy

If you're a Reagan fan you love BIG government

The Dim congress held him up for ransom to get his spending on defense approved.

If you're a douchebag, you claim Reagan supported big government.

Another brainwashed sheep who believes the corporate media that Reagan was against big government,comedy gold,hee hee.

He said he was against it many times. Who should I believe: him or you?

Lying Ronnie did what ALL corrupt presidents did which includes the majority of the 20th century,told the sheople what they WANTED to hear but never did what he said he would do,damn I can’t believe I even have to explain that to you.Lol

 

[LA RAM FAN]

Ronald Reagan: Worst President Ever? | Consortiumnews

No shit. Sad its taken almost 30 years to realize this. The man destroyed America for normal every day Americans and set it on a path for the rich and only the rich.

He was so fucking racist toward black people that he FUCKED US ALL OVER just to keep guns out of the hands of black people lawfully exercising their 2A rights. FUCK REAGAN!!!

Exactly,I made a thread of that on his racism once and the coward Reagan lovers dismissed it saying those words he spoke were not his voice,problem is with those deniers is that even his own daughter is asahamed of him,even SHE does not ignore his racism like these trolls do,hee hee. I am posting on a tablet so I can’t post the link but I will Thursday when I have access to a computer