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If you were President how would you
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<blockquote data-quote="The Other Side" data-source="post: 628180" data-attributes="member: 17969"><p>Funny how you "reaganites" tout his leadership without regard for the actual economic record.</p><p> </p><p>Lets do a comparision.</p><p> </p><p>First, Reagan's GDP growth for 8 years was never better than 3.4%, so far, OBAMA's first GDP % is 3.5%. If Reagan was a genious, then Obama must be better.</p><p> </p><p>Second, Reagan took a $300 million deficit in his first 2 years and turned it into a 3.5 trillion dollar deficit by his 8th year. Today, Obama inherits 1.5 trillion from BUSH and adds another 2.25 trillion in order to prevent the country from entering a depression. This totals 3.75 trillion.</p><p> </p><p>Now, a 3.5 trillion dollar deficit (in 1980 dollars) for Reagan and he was an "economic genious" and the country was "better off" and President Obama is at 3.75 trillion and he's "killing" the country?</p><p> </p><p>How does anyone equate this?</p><p> </p><p>If you add the additional 2.5 trillion dollars in debt BUSH 1 added to Reagans deficit, that totals 6 TRILLION dollars. If combined, the republican party ran up a deficit of 6 trillion dollars in 12 years and the country is still here, yet morons like GLEN BECK and RUSH claim the country will not be here by Christmas because of the 3.75 deficit.</p><p> </p><p>This is how rediculous the claims by the "right" are.</p><p> </p><p>Reagan CUT taxes by 25% for the wealthiest americans during his term and spent more than 3 times the amount of money the goverment took in creating a monster debt in PEACETIME.</p><p> </p><p>First time in the history of our country this has ever happened. Deficit spending has always been the calling of the republicans yet they call themselves "fiscal conservatives". Nothing could be farther than the truth.</p><p> </p><p>Clinton, inheriting the combined debts of Reagan and Bush 1, quick fixed the problem by slashing the extreme military programs and raising taxes.</p><p> </p><p>At the end of the day, after 8 years, Clinton left the country with a surplus and in the following 8 years, BUSH 2 ran that surplus into a 1.5 trillion dollar deficit and passed it along to OBAMA.</p><p> </p><p>Like Reagan, BUSH tried the same failed policies of Reagan and doomed this country for a major recession and higher deficits.</p><p> </p><p>Reagan was no hero, he was a myth.</p><p> </p><p>Today, Reagan only exists in theory, the right wing using him as some kind of guiding light for success, even though he never had any.</p><p> </p><p>Reagan, IMO, was an idiot.</p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/peaceful.png" class="smilie" loading="lazy" alt=":peaceful:" title="Peaceful :peaceful:" data-shortname=":peaceful:" /></p></blockquote><p></p>
[QUOTE="The Other Side, post: 628180, member: 17969"] Funny how you "reaganites" tout his leadership without regard for the actual economic record. Lets do a comparision. First, Reagan's GDP growth for 8 years was never better than 3.4%, so far, OBAMA's first GDP % is 3.5%. If Reagan was a genious, then Obama must be better. Second, Reagan took a $300 million deficit in his first 2 years and turned it into a 3.5 trillion dollar deficit by his 8th year. Today, Obama inherits 1.5 trillion from BUSH and adds another 2.25 trillion in order to prevent the country from entering a depression. This totals 3.75 trillion. Now, a 3.5 trillion dollar deficit (in 1980 dollars) for Reagan and he was an "economic genious" and the country was "better off" and President Obama is at 3.75 trillion and he's "killing" the country? How does anyone equate this? If you add the additional 2.5 trillion dollars in debt BUSH 1 added to Reagans deficit, that totals 6 TRILLION dollars. If combined, the republican party ran up a deficit of 6 trillion dollars in 12 years and the country is still here, yet morons like GLEN BECK and RUSH claim the country will not be here by Christmas because of the 3.75 deficit. This is how rediculous the claims by the "right" are. Reagan CUT taxes by 25% for the wealthiest americans during his term and spent more than 3 times the amount of money the goverment took in creating a monster debt in PEACETIME. First time in the history of our country this has ever happened. Deficit spending has always been the calling of the republicans yet they call themselves "fiscal conservatives". Nothing could be farther than the truth. Clinton, inheriting the combined debts of Reagan and Bush 1, quick fixed the problem by slashing the extreme military programs and raising taxes. At the end of the day, after 8 years, Clinton left the country with a surplus and in the following 8 years, BUSH 2 ran that surplus into a 1.5 trillion dollar deficit and passed it along to OBAMA. Like Reagan, BUSH tried the same failed policies of Reagan and doomed this country for a major recession and higher deficits. Reagan was no hero, he was a myth. Today, Reagan only exists in theory, the right wing using him as some kind of guiding light for success, even though he never had any. Reagan, IMO, was an idiot. :peaceful: [/QUOTE]
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