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Originally Posted by Slingin Sammy 33
What's weak my friend, is your analysis here. Reagan cut taxes and allowed the free market to work, Obama is increasing taxes and increasing gov't control/intervention in the economy. This economic strategy does not improve an economy. Instead of spending $ 4 per week on the Mega Millions lottery, I'll spend $ 400 per week and maybe, just maybe, I'll win.
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You're back to ideology and we done beat that horse to death. One would hope you realize however that you're evaluating Reagan not at a specific time frame (i.e. 1981) but for the entire duration of his presidency (see usage of 80s in your numbers) and that you would offer the same courtesy to this new administration. It is not gentlemanly to label him a failure this early.
Quote:
Originally Posted by Slingin Sammy 33
Here's some facts about the economy under Reagan:
-During the Reagan presidency, an average of 1.7 million jobs
per year were created, as opposed to only 1.2 million jobs per
year from 1990-95 (Cato Institute Analysis No.261; Economic
Report of the President, 1996)
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It would be interesting to compare job creation over the entire period of Clinton's presidency to that of Reagan.
Quote:
Originally Posted by Slingin Sammy 33
-When Reagan took office the unemployment rate was 7.6%. When he
left office the unemployment rate was 5.5% (Cato Institute
Analysis No.261; Economic Report of the President, 1996)
-Charitable contributions increased 57% during the 80s, from $65
billion in 1980 to $100 million in 1989 (American Enterprise,
Sept-Oct ’91)
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This information means nothing in the absence to relative comparison (say, charitable giving increase during Carter and Clinton years). Charitable giving for 2008 is estimated to be ~300 billion. How did we perform during the Clinton years?
Quote:
Originally Posted by Slingin Sammy 33
-The rate of U.S. manufacturing productivity tripled during the
1980s (U.S. Commerce Department)
-The Stock Market rose from 777 to 3,000 points during Reagan’s
presidency, even after the crash of 1987. (Almanac of U.S.
History)
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Where are you getting your info from? Can you qualify what you're referencing? Are you talking about the DJI or are you just cutting and pasting info from the inter-web? Assuming you're talking about the DJI, when Reagan came in it was sitting at 867.15 and when he left it was 1,936.34. Contrast this with 3,254.03 when Clinton came in and 11,489.36 when he left (353% increase for Billyboy vs 223% for RR).
Quote:
Originally Posted by Slingin Sammy 33
-The national deficit was approx. 2.6% of the U.S. GNP when
Reagan entered office, and only 2.8% of the GNP when he left
(Congressional Budget Office) All while bankrupting and bringing down the Soviet Union.
-Middle class families earning between $20,000-$50,000/year had
a 28% growth in net worth during Reagan’s time in office
(National Review, April 18, 1994)
-Inflation went down during Reagan’s time in office. In 1980 the
CPI (Consumer Price Index) was 13.5, and in 1984 it dropped to
4.3, and eventually to 4.1 by 1988. (Economic Report of the
President, January, 1993)
-In 1981, the beginning of Reagan’s presidency, the top 5% of
wage earners paid 35% of federal income taxes, while the bottom
50% paid 8%. By 1988, the end of Reagan’s presidency, the top
5% paid 46% of the federal taxes, while the bottom 50% paid 6%
(Joint Economic Committee, 1990) A rising tide lifts all boats.
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It would be nice to see comparison to the Clinton years. All this tells me is what happened during his presidency not why his presidency is remarkable.
Quote:
Originally Posted by Slingin Sammy 33
-20 million new jobs were created during the Reagan presidency
(U.S. Statistical Abstract)
Of these 20 million new jobs:
-The average hourly wage was $10/hr.
-46.1% were over $28,048/yr, and another 46.2% were from
$7,012-$28,048/yr, while only 6% were under $7,012/yr.
-During the Carter administration (1977-80), of the new jobs
created, 41,77% were under $7,012, 68.2% were in the $7,012-
$28,048/yr bracket, and 9.9% of the pre-existing jobs in the
$28,048 and up bracket were actually lost (Joint Economic
Committee, based on data from Bureau of Labor Statistics, U.S.
Department of Labor)
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See if you can spot what's wrong with the above (there is more than one doggy thing in there).
Quote:
Originally Posted by Slingin Sammy 33
I never said Iran/Contra made people fell better, but getting the hostages home was the right thing to do. According to the special prosecutor, Reagan was found not involved in any wrong-doing.
-Lawrence Welsh, special prosecutor of the Iran-Contra scandal,
concluded that Ronald Reagan was not responsible for any
deflection of funds to the Contras or otherwise (D’Souza,
Ronald Reagan…p. 204)
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You don't have to say that, you implied that the means are inconsequential so long as they're home. He might have been absolved of any wrong doing but that doesn't mean shady shit didn't go down. I understand though, he had to do what he had to do the first time around and the second time around. It's kinda sad though you don't give him any flack for signing the
Algiers Accords and "capitulating" and "weakening the U.S."
Quote:
Originally Posted by Slingin Sammy 33
The Russians don't keep their word and only negotiate what's in their best interest, not ours. Putin is an old Cold warrior. They won't reduce their nuclear arsenal and we'll never be able to verify it anyway. Also, as firstdown mentioned, Zelaya was trying to seize more power in violation of the Honduran constitution, courts and congress. The coup was approved by the other branches of the Honduran gov't.
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Your boy RR helped create Osama Bin Laden but I don't see you mention this information anywhere when you blame Clinton. You're still on that cold war shit, people done moved on brother. That war has been won long ago and you don't need to be spending 50% of your budget on your military (see F-22 Wasteful). I'm no Zelaya fan but the entire world can't be wrong. You'll note that he wasn't impeached but removed based on a secret order from their Supreme Court. There's also the assumption that he is more corrupt than their other elect officials including their supreme court justices.
My father always told me to be honest in my workmanship because not doing so tends yields doggy results.
p.s. When you want to battle for real next time bring out the big guns.