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+--- Thread: Reagan only took two years! (/showthread.php?tid=144001)
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Reagan only took two years! - (vikm) - 11-06-2012
Had a friend compare the situation Obama inherited and has been digging us out of to what Reagan "fixed". Point I was making at the time was that Bush was given 8 years to completely run us aground and many expect Obama to have fixed everything in half the time. His response to that was that it "only took Reagan 2 yrs to fix things". I was dumbfounded that the comparison of the overall situations was even taking place. I can only shake my head and as much as I'd like to discuss it further with him, I know it'd be a complete waste of my time. What is it with Reagan and these people? Sorry, just had to share my frustration... lol
Re: Reagan only took two years! - Chakravartin - 11-06-2012
Technically, Reagan may have "fixed" things even before he was president.
https://en.wikipedia.org/wiki/October_surprise_conspiracy_theory
Re: Reagan only took two years! - decay - 11-06-2012
did you remind him that Reagan also raised taxes several times?
Re: Reagan only took two years! - michaelb - 11-06-2012
Carter fixed things by appointing Paul Volker as chair of the fed and having him ratchet down on the money supply to control inflation.
Re: Reagan only took two years! - Lux Interior - 11-06-2012
decay wrote:
did you remind him that Reagan also raised taxes several times?
He has a filter that changes "Reagan raised taxes" to "Reagan ended the Cold War."
Re: Reagan only took two years! - Filliam H. Muffman - 11-06-2012
Does he have a filter for Reagan raising the debt 200% along with raising taxes? A real Tea Party darling that one...
Re: Reagan only took two years! - (vikm) - 11-06-2012
I actually did see a breakdown of the percentage increase of the deficit under the Presidents since Carter. I think Reagan was like 188.6%. I was astounded. It dwarfed all of the others and iirc, the Republicans were always higher than the Dems. Just incredible how glaring the Reagan years were.
Re: Reagan only took two years! - Lux Interior - 11-06-2012
Filliam H. Muffman wrote:
Does he have a filter for Reagan raising the debt 200% along with raising taxes? A real Tea Party darling that one...
The filter for that one goes by absolute $ values and not percentages.
Re: Reagan only took two years! - freeradical - 11-06-2012
michaelb wrote:
Carter fixed things by appointing Paul Volker as chair of the fed and having him ratchet down on the money supply to control inflation.
Yep
Economic tough love. Reagan reappointed him too.
Re: Reagan only took two years! - Speedy - 11-06-2012
Pres. Carter broke the back of stagflation which set up things for his successor. Pres. Reagan's massive deficit spending (now known as 'stimulus'), increasing the national debt, as a percentage, more than any other president who was not fighting a world war, thus managing an increase in employment and GDP. Pres. Bush II was second only to Pres. Reagan in driving up the debt by percentage increase. That is why Democratic presidents are the more fiscally prudent.