“conveniently overlooks the Reagan years”
And more importantly the 90s, which were the direct result of the Reagan years. Reagan was unique in also managing to turn things around within his own term
Here is what Obumma said about the 1990s: “We’re talking about going back to the rates that existed as recently as in the 90s, when as I recall Silicon Valley was doing pretty good and well-to-do people were doing pretty well. And it turns out in fact that, during that period, the rich got richer. The middle class expanded,” he continued.
But the boom of the 90s was a direct result of us winning the Cold War and all the economic expansion that allowed, not to mention the improvement in computing power which resulted in un-imagined productivity increases. Why do they continually ignore that? The 90s didn’t happen in a bubble and they sure didn’t happen because of the tax rates at that time.