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Politics : Mainstream Politics and Economics

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To: TimF who wrote (53502)	9/17/2013 1:38:29 AM
From: RMF	Read Replies (1) of 85487

Tim, all that stuff is hypothetical... The Reagan tax cuts meant NOTHING to the economy. It was cutting interest rates from 20% to 10% that meant EVERYTHING. The FED turned the economy around in the 1980's and Reagan didn't have anything to do with it. We'd have been better off if Jimmy Carter had been reelected in 1980. Carter wouldn't have allowed MASSIVE deficits like Reagan did. Can you imagine...200 years the country had NEVER had a deficit of a Trillion Dollars and then Reagan comes along and in 8 years he runs a deficit of about THREE Trillion..... And HE'S the hero of conservatism.......LOL

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