Re: The Myths of Reaganomics

Michael,

 

Here are some exerpts from another thread that I wrote several years ago, when I saw Moonbats start to try and revise history, as you have done the last two days with your "cut and paste" articles.  I suggest that you start trying to support some of these wackos' who you are quoting, and their  purported "Facts".  I think you will soon learn that you won't be able to do so.  You are posting "revisionist history".

 

---------- Forwarded message ----------
From: Keith In Tampa <keithintampa@gmail.com>
Date: Wed, Apr 7, 2010 at 12:33 AM
Subject: Re: 

 

Reagan did so much for this Nation, at a time when most Americans felt despondent and abysmal after the Carter years; as previously stated, after being encouraged by President Carter to,  "live on less, to buckle our belts and to prepare for scarcity"....

 

The truth is, that during President Reagan's tenure,  the middle class grew, under the greatest peacetime prosperity ever recorded!  By example, middle class income increased 11 percent, while nearly 20 million new jobs were created.

Based on Census Bureau data, (I wrote this several years ago, and occasionally dig the facts out when challenged by Moonbats) the evidence is incontrovertible, and shows that the percentage of households in the low income category declined during the 1980s, while the proportion of high income households increased. Furthermore, while the middle class shrank as a share of all households, thus, the reason for this is upward, not downward, mobility.

The graph that I have attached shows the percentage of all households in the "low", "middle" and "High End" categories.   During economic decline, household income tends to fall, while during economic progress, household incomes tends to increase.   The period from 1982 through 1989 shows the expansion of income growth during the Reagan years.  

The bottom line is, that President Reagan's  economic policies stimulated our economy, cutting inflation, creating over 20 million new jobs.  Over a quarter of these new jobs were created in 68 consecutive months. Black unemployment was cut in half, and all Americans prospered!

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Under President Reagan, the United States provided both overt and covert aid to the Mujahadeen, as well as other resistance movements throughout the world in order to combat Soviet expansion.  Whereas the Truman Doctrine was based on containment of the Soviet Union, and matching "tit for tat"  Soviet expansion, (See Viet Nam)  the Reagan Doctrine was more, "In Your Face"; and promoted a rollback of Soviet led regimes throughout the world, specifically in South America, Africa and Asia. 
 
Moreover, President Reagan (and the Reagan Administration's foreign Policy) espoused and advocated a build-up of arms, believing that the Soviet Union's ragged economy was being kept afloat only by skyrocketing prices for its export commodities, such as oil and gold.   At that time, the Ruble was not even traded on the world market and was surely not backed by any other commodity.  Therein lies Reagan's success, as Jim Smith just briefly touched upon, Reagan stopped inflation, which  was central not only to the health of the United States' domestic economy, but to the defeat of communism and the demise of the Soviet Union as well.

 

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