Posted on 10/01/2009 8:37:45 PM PDT by SeekAndFind
All explained in Moore’s new movie,
Propaganda.
As a point of comparison, May 1982 was the 17th month of Reagan’s first term. We are still 9 months into Obama’s first term.
To be fair, it would be better to compare the results of Reagan’s economic policies vs. Obama’s economic policies at roughly equivalent points in their administration’s progression.
As a point of comparison, May 1982 was the 17th month of Reagan’s first term. We are still 9 months into Obama’s first term.
To be fair, it would be better to compare the results of Reagan’s economic policies vs. Obama’s economic policies at roughly equivalent points in their administration’s progression.
The MSM bias is as bad as the old Soviet Pravda......
BTTT
The years od late 70s and early 80s were extremely busy for me in the commercial construction and some of the highest earning years I had.
My highest income year to date was 1981/82, our fiscal year ended in June.
No bias here, no sirie..
We have heard silence from the democrat media about homelessness since The One assumed control. With all the foreclosures, has homelessness diminished?
Now there's a bit of hope and change, huh? Ain't socialism grand?
After the 86 “Tax Simplification Act” the construction business was destroyed and by 89 the illegals moved into commercial and by 92 I was losing so much that I shut down the business that was 57 years old.
Not only did commercial building cease but almost every contractor I knew closed up by 92.
I should have shut down in 90 but it was awful hard to close a 57 year old business and plowed over a quarter million in savings back into it hoping it would turn around.
I remember it well. Reagan's Economic Recovery Tax Act of 1981 reduced personal income tax rates by 23%, top rate dropped from 70% to 50% (TRA of 1986 reduced it from 50% to 28%); 10% exclusion on income for two-earner married couples; increase in estate tax exemption from $175,625 to $600,000; reduced Windfall Profit taxes; allowed all working taxpayers to establish IRAs; expanded provisions for employee stock ownership plans.
Those are sane fiscal policies. What was sadistic was the House not cutting spending, as Reagan policy reduced taxes.
I hope that you are talking about Jim Moore. He was my high school AP Chem teacher. That was/is one smart man. I would watch his movie!
Listening to ABC Radio News this morning was making me ill. They started out by how much positive economic news there was this morning. Than as the market went on to tank 200 points they conveniently dropped that line of BS. God, I hate ABC news with a passion.
“Those are sane fiscal policies. What was sadistic was the House not cutting spending, as Reagan policy reduced taxes.”
So “Reagan policy” cut taxes, but the sadists in the House did not cut spending. That’s interesting. I thought that all legislation had to be passed by the House (and the Senate), including tax cuts.
“After the 86 “Tax Simplification Act” the construction business was destroyed...”
Somehow, the government and “tax simplification” are mutually exclusive.
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