Remember how the Reagan tax cuts made the government...?

Question

...get record revenues in no time?? And the benefits for the economy lasted all the way up until 6 years after Clinton had increased taxes to record levels.

Doesn't it make you sick how the liberals credit Clinton with the results of the Reagan tax cuts?

Answer 1

Yup, sure do!

But - ya gotta stop botherin' the Weak Sisters with the facts - it just drives 'em plumb craaazzzyyyy!!!

Answer 2

Are you baiting us or are you really an African American Reagan supporter? Perhaps you can think for yourself.

I think the 1990s "boom" has a lot to do with people like Clinton talking up the economy and creating that "irrational exuberance" that was the tech bubble. Also, the accounting scandals were in full swing at this time.

When you consider what I mentioned above and then the obvious effects of the 9/11 attacks, you can't complain about where the economy is at all.

Remember: The gas prices were considered outrageously high at the end of the Clinton Presidency. He even released oil from the strategic reserves just in time to sway prices a little to help Gore get more votes. With our aversion to drilling for oil in new places at home, or even in international waters that other governments are willing to drill in, along with the fact that we haven't built a new refinery in 30 years as our demand has gone up are enough to have raised gas prices. China and India's emergence on the global stage just makes it that much worse.

Yet people say Bush is lowering gas prices prior to the election with no evidence, while there is evidence that he actually lowered them for the summer which would make the gas prices in the fall look relatively higher than they would had he not chosen to lower them....

Answer 3

In the United States in recent decades, most "supply-siders" have been Republicans (though the largest individual tax cut was initially proposed by President Kennedy), and President Ronald Reagan signed tax cuts into law, in the belief that cutting the tax rate would stimulate investment and spending, with overall beneficial effects -- including increased tax revenues. However, real (inflation-corrected) tax revenues dropped from 1981 to 1983 and did not surpass their 1981 level until 1985 (as shown in Table 1.3 in the Historical Tables of the 2006 U.S Budget).

Answer 4

Reagan spent more than was collected, Clinton spent less than was collected, which is why Reagan's voodoo economics held together so long before they blew up. Reagan left a mess that looked great short term but sucked in the long term, the best Clinton could do was damage control at that point.
therein lay the difference, instant gratification at future expense vs pay as you go.

Answer 5

It also made record national debt.

It was about as amazing as living it up on credit cards.

PS your Clinton #s are waaay off. Do your homework.

Answer 6

I had a republican friend tell me something like that lol. Funny we seem to do all the "base-building" during republican years and enjoy the so-called "fruits" during democratic years. I'm for having the fuitful years so go demos! I never had any real good years during the Reagan/Bush years.

Answer 7

You are such a joke...really can you imagine a black gunman at a republican convention??? How many seconds would you last; in fact, could you even get in. Remember Keyes was a GOP candidate that they would'nt even let in to their convention. To answer your question Reagan's economic plan created a large federal deficit.

Answer 8

Oh yeah! Those Reaganomics were fantastic, huh?

I recall the cuts to science and research as well, including artificial intelligence. Had it not happened, perhaps today we'd have a clearer model of how the brain works. Meaning, we'd have better treatment, and maybe even a cure for psychosis, depresion, and.... ALZHEIMER'S!

Poetic justice...?