rightwinger
Award Winning USMB Paid Messageboard Poster
- Aug 4, 2009
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Let's see......conservatives destroyed the unions, abolish collective bargaining, hold down wages and benefits while making our wealthiest contribute less to the society they make money off ofYou left the middle class out of your statement. Thanks to you libtards destroying it.I always enjoy how conservatives celebrate the increasing wage gap between rich and poor under Obama at the same time they celebrate the great Ron Reagan whose supply side policies ensured the gap would get widerBush followed Reagan
The impact of Reagan's Supply Side gambit is still emerging as the middle class workforce has been decimated and our wealthiest citizens have been relieved of all responsibilities to society
How symmetrical of you!!!
You began the day lying....and end it the very same way.
George Gilder: The Real Reagan Lesson for Romney-Ryan
- Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
- But….the national wealth went up $ 17 trillion
- 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.
Reaganomics - Wikipedia, the free encyclopedia
Middle class?? Those under attack by Barack Obama????
4. "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
5. The benefits from Reaganomics:
b. and c. Kiva Lending Team: Team Ron Paul, Hulk Hogan, Jesus of Nazareth, Chuck Norris, Ronald Reagan, John Wayne, Thomas Jefferson, Alex Jones, Peyton Manning, The Tuskegee Airmen, Schiff, REAL Americans, and George W. Bush | Kiva
- 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)
- Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
- Unemployment fell to 5.5% from 7.1% (Table B-35)
- Prime interest rate fell by one-third.(Table B-73)
- The S & P 500 jumped 124% (Table B-95) http://www.gpoaccess.gov/eop/tables10.html
- Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116
Now, sleep well....and consider changing your avi to the truth.
Under President Obama, national wealth has gone up over $50 trillion
You're a hoot! Yes, the policies of Lame Duck President Barack Hussein Obama has greatly increased the gap between low and middle-income workers and the top 1%. Much of that is due to the massive amount of money the Fed has pumped into the economy since President Obama took office.
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St. Louis Adjusted Monetary Base
What to do? Blame the liberals
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