President Barack Obama Message Board

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Politics : President Barack Obama

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To: tejek who wrote (136836)	9/3/2013 3:06:18 PM
From: Bread Upon The Water	Read Replies (1) of 149317

It's mixed bag according to Wiki---not that I pretend to understand all of this article. But Gross Domestic Product (GDP--the measurement of all goods and services an econmy produces) and revenues rose during the Reagan Administration. We took on more debt too as a percentage of such from 2.65% under Carter to 3.03% under Reagan. Reagan cut taxes, but the rates were still higher than the are today--as far as I can figure. A lot of economists say the business cycle had a lot to do with increase in GDP and not just government policy and I would think that the deficits that began to grow in SSI were partially structural---as the population started to age. In other words its a complex picture with many moving parts not easily classified as being the result of one man's Presidency--at least as near as I am able to discern. Here's the article: en.wikipedia.org It's hard for me to argue about economics because there's so many economic witch doctors spouting "voodoo" on many subjects. (G)

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