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To: reaganaut1

The recession started in 1980. Reagan was not President for even one day in 1980, and his tax cuts did not take effect until 1983.


5 posted on 08/05/2011 5:43:00 AM PDT by Daveinyork
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To: Daveinyork

The great Ronaldus Magnus inherited a FAR worse economy from Mr. Peanut Carter than Comrade Ozero did from Bush43:

Carter economy:
-Double digit unemployment
-Double digit inflation
-Prime interest > 20%
-Mortgage 30yr interest > 18%

After 1 year of passing his tax rate cuts, Reagan’s GDP was soaring @ 8.5%

Comrade’s BIG GOVT Porkulus results:
-GDP in 1Q/11 = 0.4%
-Unemployment (U6) = 16%


10 posted on 08/05/2011 5:55:57 AM PDT by newfreep (I am a "terrorist" and I am Sarah Palin!)
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To: Daveinyork

“The recession started in 1980. Reagan was not President for even one day in 1980, and his tax cuts did not take effect until 1983.”

- this.


22 posted on 08/05/2011 6:39:43 AM PDT by Per-Ling
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