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Today's Economic News

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I am! Very much so.

Tax breaks over the past years have added about $2700 to my pocket and ended up my spending habits meaning I am putting it back into the economy.

 

 

Yes, but your individual portion of the national debt has increased by $10,000 ($3 trillion/300 million U.S. population). If you're responsible for dependents, multiply that $10K by the number of dependent heads.

 

Still think you're better off?

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Yes, but your individual portion of the national debt has increased by $10,000 ($3 trillion/300 million U.S. population). If you're responsible for dependents, multiply that $10K by the number of dependent heads.

 

Still think you're better off?

 

Of course he does. He expects to continue to get tax breaks and leave the debt to others (eg future generations). What doesn't affect someone right now doesn't constitute a matter worth worry.

Most of us judge an economy on interest rates, the unemployment rate, and the inflation rate. The before and after snapshots of these key economic indicators during Reagan's 8 years are unmatched by any other president in my lifetime.

 

Keep trying to diminish Reagan's role in an extremely successful two terms, but the numbers are going to make your task a difficult one.

 

As a challenger, Reagan asked voters if they were better off than they were four years ago. Most answered "No," and Reagan trounced Jimmy Carter. Reagan asked voters the same question four years later, and the overwhelming majority responded, "Yes."

 

There is no better evidence for the positive power that a president can exercise over the economy that Ronald Reagan. The dramatic four-year turnaround of the economy is why he carried 49 of 50 states, losing only Mondale's home state of Minnesota by a narrow margin.

 

Are we (myself and the country) better off today than 4 years ago, "NO". Not even close. According to you the president can exercise positive power over the economy, what has Bush done? Nothing positive!!!! So is Bush and his supporters going to take credit for this economic disaster just like Reagan took credit the his economy turnaround?

IMO recession is the best thing for us right now... it cant get here fast enough

Here's an interesting site that does some contrasts and comparisons between Reagan and Clinton. http://zzpat.tripod.com/graphs.htm

 

 

BTW, I have nothing against Reagan (as I stated before I voted for the man '84). I just don't think he's above reproach as any president is not. For what it's worth, I remember the '84 election well (see above) and don't need you to remind me about his election tactics (which were superb and above board in each election). I don't need a memory jar from someone about that decade. :lol:

I am not saying that Reagan was perfect, but his record on the economy, along with his success in dealing with the Soviets, are probably his two greatest areas of accomplishment. I have read many comparisons of the Clinton and Reagan economies and what many Clinton supporters ignore is just how bad the economy was when Reagan took over in 1981. IMO, it is the magnitude of the turnaround that sets Reagan apart from Clinton and the Bushes.

Ace,

 

When will the recession be "official" I think its a blessing in disguise compared to whats going on right now with everyone profiting off our horried eco situation.

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