|April 13th, 2017, 06:52 AM||#71|
Join Date: Dec 2014
Location: Memphis, Tn.
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|April 13th, 2017, 07:27 AM||#72|
Join Date: Jun 2013
Obama faced 7.6% unemployment, 1% inflation, near zero interest rates from the FED, and the recession ended shortly after he took office.
We saw $1.9 trillion in stimulus deficit spending under Reagan, and the economy grew by $2.4 trillion, an 83% increase.
Obama received $14 trillion in stimulus spending, $9 trillion in deficit spending that was piled on the national debt, and $5 trillion in monetary stimulus. In return for that $14 trillion of stimulus, we saw $4 of economic growth.
The deregulation that you are referring to, that really stoked up the existing housing bubble was signed into law by Bill Clinton. We saw increased regulation of Wall Street signed into law by GWB with Sarbane Oxley, designed to help prevent the Enron type scandals we saw during the Clinton Tech Bubble years.
The middle class saw huge gains in real median household income and net worth during the Reagan years, they both decreased in the Obamaconomy.
Labor was taxed at 28%, and ultrarich investors were taxed at 28% when Reagan left office.
Obama's tax reform made 80% of the expired GWB tax cuts permanent. Workers are taxed at 39.4% and uber-rich investors and hedge fund managers are taxed at 20% and don't pay the 15.4% in payroll taxes that workers do.
In light of the actual facts, do you see how silly your claims are?
|April 18th, 2017, 12:13 PM||#73|
Join Date: Jul 2014
What Reagan did was boost the economy with unsustainable deficit spending.
And he reversed the trend towards broader distribution of wealth , since Reagan wealth has become more concentrated, and the middle class has stagnated.
|class, middle, obama, truth|
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