Reaganomics was great for America (debunking lib professors Alert!)

Technician (North Carolina State U) ^ | 3/21/02 | Darren O`Connor

[Theodore R.]

A true American hero -- except for S.D. O'Connor and A. Kennedy!

[Toddsterpatriot]

Through downsizing, layoffs, conolidations, etc., it is quite feasible for corporate profits and the stock market to remain vibrant while the nation's economy is sour.

Possible, but can you give an example when that occurred?

Here's the important point of the article.

Not only that, but Reagan's policies appear to have reversed the increasing unemployment of the 1970s and reduced it from a high of 9.7 percent during the recession to a mere 5.5 percent

So, it looks like inflation decreased and employment increased, oh yeah, the stock market went up as well. So were you criticizing Reagan's performance?

[xinga]

I would rather see how much tax burden is located on the top 1%, top 5% and top 50% of wealth.

Your wish is my command. Here’s the income tax burden changed by President Reagan:

                Top Tax Top        Top         From       Lowest

                Rate          1%        5%         51-95%   50%

1981        70%        17.89%   35.36%   57.22%   7.42%

1987        38.5%     24.81%   43.26%   50.67%   6.07%    

As you can see by lowering the highest marginal rate from 70 to 38.5% President Reagan shifted the tax burden more on the richest segment of society. While this is counterintuitive, it’s not when you consider how people react when having most of their earnings confiscated by the government. People will shift their activities from high taxed activities to low taxed activities (such as leisure). So by lowering the highest marginal tax rate the rich paid more in taxes.

[Willie Green]

So were you criticizing Reagan's performance?

Not at all. But Bush & Son aren't Reagan.

[Willie Green]

You keep failing to mention SCUMBAG; you obviously are a socialist who will not admit that SCUMBAG was a traitor and you will not admit that saying SCUMBAG was the worst president ever would be an understatement of galactic proportions.

LOL!!! SCUMBAG???? LOL!!!

Seems to me that you're the one who's overly polite in describing the perverted rapist who formerly occupied the White House. The Shrub shoulda used a tanker full of Lysol to disinfect the place before he moved in.

Just the same, as a Buchananite, I don't see where Bush & Sons economic policies are any better. Dubya and Klintoon are BOTH 'Third Way' globalists. Dubya is certainly much more affable and would make a great next door neighbor, good little-league coach and guest at a backyard Bar-B-Q. I'd NEVER say the same thing for Bubba Klintoon who deserves to be sitting behind bars eating cold beans. But their economic policie are virtually the same, simply benefiting different groups of globalist snakes.