SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Brumar89 who wrote (360526)11/28/2007 3:02:03 PM
From: tejek  Read Replies (2) of 1576163
 
The record, of course, is never as glorious as the rhetoric but a number of important accomplishments occured under Reagan's watch. In the economic sphere, the reduction in marginal tax rates was a great and lasting achievement. It's hard to believe today that top marginal rates used to approach 70%.

And the budget deficit tripled under Reagan. In other words, he screwed the country so the rich could have their tax cuts. Sound familiar?

Reagan also deserves great credit for standing up to the air traffic controllers thereby sending a strong signal that the country would not be taken hostage by the labor unions as had happened and continues to happen in much of Europe.

Yes, and the American air controller system is a mess. Its never recovered from the Reagan years and now its a disaster waiting to happen.

Inflation was also brought under control under Reagan - the 1982 recession was second only to that of the Great Depression but it's hard to see how that pain could have been avoided. Reagan had the fortitude to take the political heat of the downturn and stay the course thereby laying the groundwork for growth in the following decades.

Of course........the GOP loves pain...it makes everything worthwhile.

Deregulation began under Carter but continued under Reagan, leading to innovation in previously moribund industries.

Yes, we've seen what deregulation has done for the airlines. Most people dread flying these days.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News