| reply to jc100
Re: And in a year they'll be wishing they hadn't said by jc100:Actually, Regan ran things in 1982. Wikipedia isn't a source. Regan took office in 1982 and if you so look at bls.gov, it goes to show that Reganomics were a failure, and all years under Regan saw MASSIVE unemployment. HUH? This isn't a political forum, but I can tell you that I was a voting, tax paying, college student and working adult during Reagan's two terms, and you have no clue what you're talking about. By your own admission you were a baby.
Volker was cleaning up Carter's mess by raising interest rates...the result was unemployment. The Reagan tax cuts passed in 1981 were key to bringing the economy back, and it expanded until the next recession in 1991-2. The 80's were a pretty good time. |
