buckeye45_73
Lakhota's my *****
- Jun 4, 2011
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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 ReaganClinton followed Reagan so any thinking person would know that Clinton BENEFITTED from Reagan's economy. Reagan ushered in the biggest peacetime expansion of the economy in history. One that Billy rode into recession. Yes, there has been more then the ONE recession. But there is only one recession that Obama damn near made a depression.
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
No see the difference is you were bitching about that gap...QED are now showing you it happens....because rich people have more.money to invest
If you buy 1 share of Coca-Cola and someone else buys 100....if the price of the stock goes up $10.....who makes more?
So it is you that failed...we know why.....you just blame republican