Owner59
Posts: 17033
Joined: 3/14/2006
From: Dirty Jersey
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quote:
ORIGINAL: Naga
How do you figure? When we look at the ten key economic variables, on eight of the ten variables examined, the American economy performed better during the Reagan years than during the pre- and post-Reagan years.
Real economic growth averaged 3.2 percent during the Reagan years versus 2.8 percent during the Ford-Carter years and 2.1 percent during the Bush-Clinton years.
Real median family income grew by $4,000 during the Reagan period after experiencing no growth in the pre-Reagan years; it experienced a loss of almost $1,500 in the post-Reagan years.
Interest rates, inflation, and unemployment fell faster under Reagan than they did immediately before or after his presidency.
The only economic variable that was worse in the Reagan period than in both the pre- and post-Reagan years was the savings rate, which fell rapidly in the 1980s. The productivity rate was higher in the pre-Reagan years but much lower in the post-Reagan years.
Not too bad for the guy who liberals want to label a failure, eh?
The numbers were good for most of Bush Jr.,production is way up.People are working harder than ever,but wages have been flat for the last 7 years while inflation climbs ever higher.That`s a real life pay cut.
"How do you figure? When we look at the ten key economic variables, on eight of the ten variables examined, the American economy performed better during the Reagan years than during the pre- and post-Reagan years."
If you factor in the mountain of debt Reagan racked up(the largest in history,at the time),his numbers don`t look all that good.
Plus he killed the alt.fuel programs and our safe energy future,and he hired and armed bin-laden and let Afghanistan fester.
Clinton payed down that debt and got us on the right footings for the future.We were paying down our debt and creating a surplus.The faith and credit of our government and country were improving and were tracking upward.
And Clinton grew the economy,and made a stable financial environment,and grew the middle class.Savings were going up,consumer debt was going down,and consumer confidence was high.
Only to have all that squandered and then some,by another "shoot from the hip" con.
There`s a damm good reason why most folks blame the cons over the curent mess.
< Message edited by Owner59 -- 10/17/2008 9:27:03 AM >
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