poet
Rookie
- Jun 2, 2011
- 3,733
- 181
Wrong. Reagan reduced taxes across the board by 25%, not just the wealthy.
Inflation fell from 12.4% to 2%.
The deficit DID go up after the Democrats made a deal to cut spending in exchange for a tax hike, then welched on the deal, like they always do.
20 million jobs were created under Reagan.
We were well into a recession when Reagan was inaugurated. It lasted about 2 years, then the largest economic peacetime expansion took place under his policies. Anyone who says Reagan was a socialist is either lying or is misinformed. That is absolutely absurd.
Of course, according to the "Reagan Foundation" website. If you visit factcheck.org further you will find that the backside of his economic policies cancelled many of his mythical "gains".
Factcheck.org is a liberal website disguised as non-partisan. Those who weren't around during the Reagan presidency will not get accurate information on him. I've seen some pretty twisted stories about his policies and actions. He vetoed a lot of wasteful spending bills, only to be overridden by both parties running for re-election. There was the "Clean Water Bill" and the "Highway Bill", to name a couple. He had to compromise on tax reduction. For example, in order to get lower rates, he had to agree to eliminate credit card interest deductions. Overall, he made great progress and fundamental changes that lasted well into the 90's. Democrats are still trying to destroy his legacy, but to call him a socialist is utterly ridiculous.
Reagan: The Great American Socialist
Read it and weep.