francoHFW
Diamond Member
Hilarious. So double down on Booosh policies that wrecked the world, dummie.For the billionth time, everyone agrees the economy is not as good as it could be, even though it's the best in the world and many countries are still in the corrupt Booosh world depression. The answer to WHY is mindless GOP obstruction of policies that could have allowed us to raise the world out of depression. Only we can. And not with another corrupt GOP bubble, but by the renaissance of our nonrich ruined after 35 years of pander to the rich.And tripled the debt and caused the S+L crisis and started the ruin of the middle class...Time to smash a custard pie in your kisser!
http://www.ustreas.gov/education/fact-sheets/taxes/ustax.shtml
- The benefits from Reaganomics:
- 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
b. and c. http://www.kiva.org/team/real_americans
"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
Ronald Reagan: more wealth, for more American families, than any previous boom in history.
"And tripled the debt..."
Gads, you're a moron!!!
Watch this:
http://online.wsj.com/article/SB10000872396390444914904577621083163383966.html
- 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.
http://en.wikipedia.org/wiki/Reaganomics#Fiscal_consequences
Increased the national wealth by ten fold!!!!
Here's the waste you voted for:
"More Businesses Shutting Down than Starting Up
'Business deaths now exceed business births for the first time' in decades.
The American economy is less entrepreneurial now than at any point in the last three decades. That's the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978.
Not only that, but during the most recent three years of the study -- 2009, 2010 and 2011 -- businesses were collapsing faster than they were being formed, a first. Overall, new businesses creation (measured as the share of all businesses less than one year old) declined by about half from 1978 to 2011." http://www.weeklystandard.com/blogs/more-businesses-shutting-down-starting_791127.html
I'm gonna post about the free market today.....read it, and have your antacids nearby .
No other President has had austerity based economic policies forced on him while he was trying to recover from the worst recession in 75 years
Who tries to balance the budget while they are trying to add jobs?
In reality, we blew our chance
We had millions out of work, wages were low, interest rates were near zero. A perfect time to invest in public infrastructure. Build roads, bridges, water and sewer systems. Upgrade the power and communications grid. Invest in mass transit
But Republicans blocked it at every turn
.
Too late.
Everyone knows the truth.
Of course, you Leftists will still vote for failure.