All you do is avoid answering the questions and try to change the topic. The tax rate has remained low (big part of Reaganomics) for the last thirty five years, with nothing to show for it except expanded wealth at the top. Expanded wealth at the top is the true goal of "supply-side" economics, the theory that if you feed a ***** enough oats that the sparrows will eat whatever comes out the other end. You really need to educate yourself on failed republican economics, supply-side was tried before and failed miserably the first time, too. You can keep asking the question, "where is the proof Bush lied us into war", but it rings hollow as long as you claim Obama lied about healthcare reform. I'm still waiting on a response from Jonathan Gruber, I'll be sure to let you know what he says if he replies. The tax rates being raised a mealy mouthed couple of percentage points recently didn't go far enough, not to mention the need to eliminate the caps on Social Security tax. I'm still waiting on you to address the points I've already raised; Why do you fuckers believe the VooDoo, or worse, why do you continue to push for it when you know it won't work? what do you expect the people who will be hurt the most by the misguided efforts to do, and better, if you actually got what you wanted, then what? What the fuck is the grand vision? Stop being a coward and address the questions.
Since you seem very eager to become educated, you can be my little rag doll for a while.
Since we are talking inheriting a bad economic situation, by today's standards Reagan inherited far more dire circumstances. The recession that started in the late 60's was starting to ferment.
In 1981 the unemployment rate was at 10 percent, interest rates were at 22 percent. Double digit inflation and CPI of 11 percent. During Carter's last 2 years in office the poverty rate increased 33 percent to 15 percent. Median ****** income fell by 10 percent from 78-82. The Dow lost 70 percent of its actual value during that time.
Reagan's plan:
1- Cut tax rates to stimulate economic growth.
2-Spending reductions, 31 billion in FY 81-82 equal to 180 billion now. Including the lowering of non defense discretionary spending which was never raised during his term. Reagan built up the military and lowered federal spending from 23 percent of GDP average to 21 percent at it's lowest. Which was a real reduction relative to the economy of 10 percent.
3- Restrain money supply compared to the demand, thus strengthening the dollar.
4- Deregulation which saved consumers 100 billion a year in lower prices. Executive orders that actually helped people like eliminating price controls on oil and natural gas. Production went through the roof.
Once these policies were in place, there was not another recession for over 95 months, the longest stretch in history. Reagan also accomplished this while tackling and holding down inflation like the country had never seen before. The poverty rate declined for 7 years straight under Reagan. That is 25 years of prosperity enjoyed by and because of Reaganomics slick. ****, even disposable income rose by 18 percent, yeah old Ronny really stuck it to the poor and middle class. Even Bush 41 or Clinton couldn't fuck it up. On the other hand, Obama is going in the direct opposite direction, and 25 years after his term. Things will not be so wonderful ,(as if they are now). We haven't even really seen the full effects of Obama's hikes that took effect in 2013, including capital gains increases. Poverty is soaring under this fucker and he doesn't have a clue how to stop the ********. So you cotdam right, I want to see a return to the economic policies that actually created wealth ,prosperity and middle class confidence instead of the bullshit your side endorses.
I spelled them out, they worked, end of story. No amount of revisionist bullshit from you left wing tit whistles will ever change that.
