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Politics : Moderate Forum

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To: tsigprofit who started this subject	2/11/2004 11:34:54 AM
From: tsigprofit	Read Replies (1) of 20773

Thoughts on Reagan, Bush, and economics, from another post I made... You are right Buddy. I voted for Reagan in 1984, and bought the theory. It failed completely. Reagan promised you could have your cake and eat it too: * Cut taxes * Spend more on the military And somehow the budget would be balanced. Didn't work. Miserable failure economically. Opposite was tried in the 1990s. * Raise taxes on the wealthy. * Restrict some spending (yes - Clinton's rate of spending growth was less than W's..) Republicans cried foul, and promised that this would bring on a deep recession, and expanding deficits. They did everything they could to block this. But - it passed, and it worked. The budget deficit closed, then went into surplus. 22 million new jobs were created in 8 years. This was a great time for all - and everyone saw income increase in this time period. All economic groups, not just the rich (but the rich did VERY well under Clinton also in the stock market) Two versions for our economy. 1980s or 1990s. Bush is trying to go back to the 1980s - which failed. We must get him out of office this year, before he ruins our country. >> I'm talking about Voodoo economics and the "trickle down" crap that failed so miserably.

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