Why only talk about the economy under Reagan from 1981-1984, and not the RECESSION that followed as a result of SS economic policy being a short term solution?
2007-06-22 06:24:35 · 8 answers · asked by hichefheidi 6 in Politics & Government ➔ Politics
It's called spin. Otherwise known as lying
2007-06-22 06:27:13 · answer #1 · answered by guy o 3 · 10⤊ 2⤋
The late 1980s happened because of three things:
1) Big Business didn't do what they were "supposed" to do under supply-side economics, which is to say they didn't hire people, expand production, etc.
2) deregulation of various industries, most notably the Savings & Loan industry, led to economic instability
3) the "junk bond" industry made a lot of people skirt SEC regulations and put all their invested money at risk. The folks who were putting 90% of their investment dollars into day-trading in 1987 *deserved* to lose their shirt...which they did. (Folks don't remember this, but the Dow average actually ended 1.5% up for 1987).
Remember...the 1980s was the "me" decade and the Decade of Greed. Too much short-sightedness.
2007-06-22 13:34:57 · answer #2 · answered by Mathsorcerer 7 · 1⤊ 1⤋
I agree. LBJ wanted to use SS surplus to balance the budget during Nam and the Democrats promptly devised creative financing measures that the executives of Tyco, WorldCom and Enron were jealous of. Congress raped SS and it was legal because they made embezzelment legal in that case.
2007-06-22 13:46:31 · answer #3 · answered by namsaev 6 · 1⤊ 0⤋
I believe the recession you are talking about started in 88. It was the result of the market crash in 87. That crash was the largest single day loss of capital in this country since the crash of 1929.
If my memory serves me correctly, 29% of the investment capital evaporated on that day.
2007-06-22 13:41:00 · answer #4 · answered by .... . .-.. .-.. --- 4 · 1⤊ 1⤋
I wouldn't.
But many will use data and facts to distort the truth.
Its how all statistics work.
2007-06-22 13:27:23 · answer #5 · answered by Peace Maker 2 · 5⤊ 1⤋
It makes it easy that way... half "truth" is not a lie, right? Hahaha...
2007-06-22 13:28:12 · answer #6 · answered by Anonymous · 4⤊ 2⤋
The recession was ancient history by '84; which is why Mondale carried a single state - his own!
In fact, Wally was SOOOO popular in his own state that he carried it 1,036,364 (49.72%) to 1,032,603 (49.54%). Now, that's what I call a raging success!
2007-06-22 13:29:01 · answer #7 · answered by Fast Eddie B 6 · 1⤊ 7⤋
How else are the liberals going to get their point across? They don't even recognize the whole truth let alone tell it!
2007-06-22 13:29:00 · answer #8 · answered by Anonymous · 1⤊ 6⤋