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Politics : PRESIDENT GEORGE W. BUSH
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To: American Spirit who wrote (416844)6/20/2003 10:19:23 AM
From: Neocon  Read Replies (1) of 769670
 
Another myth about the Reagan years is that millions were thrown into poverty (no doubt because the evil rich stole their income). However, the facts as shown below tell a different story. As with so many economic indicators, they get worse during the Carter years, then do an about face as Reagan's economic programs get under way. By 1989 the poverty rate was 1.2% lower than it was in 1981 and 2.4% below the peak rate of 15.2%. Another supply side success story.

Poverty Rates 1979-89 Year
% below poverty line /number below poverty line (millions)

1979 11.7 26.1
1980 13.0 29.3
1981 14.0 31.8
1982 15.0 34.4
1983 15.2 35.3
1984 14.4 33.7
1985 14.0 33.1
1986 13.6 32.4
1987 13.3 32.2
1988 13.0 31.7
1989 12.8 31.5
Source: American Almanac, table 717, page 456 (1993 ed)

reagan.webteamone.com
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