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To: Activatecard who wrote (202670)5/16/2009 5:31:10 PM
From: ajtj99Respond to of 306849
 
Presidents love to take credit for the business cycle, which cares little for the president.

If you want to really know who was most responsible for the prosperity of the 80's it was likely Paul Volker, a Carter appointee.

He brought inflation to its knees, causing two brutal recessions in 2-years. Reagan did not appreciate that, and replaced him with Sir Alan Greenspan.

If you want Reagan to get the 80's, he's also got to take responsibility for Greenspan, who brought us more asset bubbles in the past decade than had been seen in the past 100-years.



To: Activatecard who wrote (202670)5/16/2009 7:10:20 PM
From: neolibRespond to of 306849
 
Total federal revenues doubled from just over $517 billion in 1980 to more than $1 trillion in 1990. In constant inflation-adjusted dollars, this was a 28 percent increase in revenue.

How was the economy doing in 1980 vs 1990? The adjusted for inflation part is not the only adjustment needed.


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