Moonglow
Diamond Member
Reagan landed in office at the end of a recession, Oblama the beginning.
Reagan came into office in the middle of not only a recession, but more of a national malaise. The recession actually got worse his first year in, but then things started turning around. Three years into his first term and the economy finally started showing robust growth. To put it simply, Reagan fixed the recession. Furthermore, his rapid growth in the military forced Russia to try to match it, and it broke their financial back, resulting in the fall of the Berlin wall and a truly victorious end to the Cold War. Not saying he was a perfect president, but he damn sure was a good one.
Obama also came in at what should have been the middle of a recession. Unfortunately he has done nothing to truly fix the economy, but instead has been putting on some very expensive bandages over it (stimulus, cash-for-clunkers, QE, etc) which makes the wound look better, but doing nothing to actually heal the problem.
I give Gorbachev more credit on the Berlin Wall falling, than Reagan. The losses in Afghanistan of Soviet forces, perestroika, financial hardships, lack of manufactured goods and resistance to Soviet tyranny as real reasons that the USSR failed. Not just one US president.
Reagan had a gas guzzler tax, a tax on oil profits, bailed out Chrysler, then later on it was the S & L bailouts. Ha! For many the trickle down theory never helped. Since it is not the rich that create the majority of jobs, it's small businesses.
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