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Title: Was Reaganomics beneficial to the USA Econamy long term? Post by: Pragmatic Conservative on July 17, 2016, 04:14:37 PM Regardless of your opinion of Ronald Reagan, in your opinion was Reaganomics beneficial to the USA economy long term.
Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: OSR stands with Israel on July 17, 2016, 04:19:54 PM Yes
Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: Mr. Smith on July 17, 2016, 04:26:14 PM Just the opposite, actually.
Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: Antonio the Sixth on July 17, 2016, 05:01:46 PM Anyone who has looked at a chart showing the evolution of median income in the US before and after 1981 knows the answer.
Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: OSR stands with Israel on July 17, 2016, 05:34:52 PM Yes because , up till Reagan was president , the people saw more regulation on business a good things, were willing to pay more in federal taxes so government had more money to spend. Then Reaganomics led to a 20 year boom
Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: Santander on July 17, 2016, 05:39:01 PM Yes because , up till Reagan was president , the people saw more regulation on business a good things, were willing to pay more in federal taxes so government had more money to spend. Then Reaganomics led to a 20 year boom Reaganomics was a net negative on America, not so much for its direct effects, but for encouraging all sorts of anti-intellectual, anti-government people to get into government for the sole purpose of destroying it. I believe that the Democrats had gone too far in the expansion of the state, but Reaganomics was not the required prescription. Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: OSR stands with Israel on July 17, 2016, 11:27:38 PM Yes because , up till Reagan was president , the people saw more regulation on business a good things, were willing to pay more in federal taxes so government had more money to spend. Then Reaganomics led to a 20 year boom Reaganomics was a net negative on America, not so much for its direct effects, but for encouraging all sorts of anti-intellectual, anti-government people to get into government for the sole purpose of destroying it. I believe that the Democrats had gone too far in the expansion of the state, but Reaganomics was not the required prescription. if you believe Reagan was a bad president you shouldn't be a republican Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: NeverAgain on July 17, 2016, 11:50:26 PM Yes because , up till Reagan was president , the people saw more regulation on business a good things, were willing to pay more in federal taxes so government had more money to spend. Then Reaganomics led to a 20 year boom Reaganomics was a net negative on America, not so much for its direct effects, but for encouraging all sorts of anti-intellectual, anti-government people to get into government for the sole purpose of destroying it. I believe that the Democrats had gone too far in the expansion of the state, but Reaganomics was not the required prescription. if you believe Reagan was a bad president you shouldn't be a republican lol. MUH SAINT REAGAN! Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: Santander on July 17, 2016, 11:59:15 PM Yes because , up till Reagan was president , the people saw more regulation on business a good things, were willing to pay more in federal taxes so government had more money to spend. Then Reaganomics led to a 20 year boom Reaganomics was a net negative on America, not so much for its direct effects, but for encouraging all sorts of anti-intellectual, anti-government people to get into government for the sole purpose of destroying it. I believe that the Democrats had gone too far in the expansion of the state, but Reaganomics was not the required prescription. if you believe Reagan was a bad president you shouldn't be a republican Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: OSR stands with Israel on July 18, 2016, 12:52:48 AM Yes because , up till Reagan was president , the people saw more regulation on business a good things, were willing to pay more in federal taxes so government had more money to spend. Then Reaganomics led to a 20 year boom Reaganomics was a net negative on America, not so much for its direct effects, but for encouraging all sorts of anti-intellectual, anti-government people to get into government for the sole purpose of destroying it. I believe that the Democrats had gone too far in the expansion of the state, but Reaganomics was not the required prescription. if you believe Reagan was a bad president you shouldn't be a republican no they should hold up Lincoln, McKinley, Teddy, IKE, Reagan, HW as its leaders. Republicans have the right to critize Reagan but to consider his economic policies bad would be to say dems have better economic polices then the gop Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: Wells on July 18, 2016, 06:49:58 AM No. Reaganomics is the main reason the national debt is as high as it is today.
Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: mvd10 on July 18, 2016, 07:42:31 AM Yes. Huge tax cuts without base broadeners probably won't work now, but I'm pretty sure cutting your top tax rate from 70% to 50% is good for the economy. And the cut to 28% was part of a bipartisan revenue neutral tax reform package.
Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: Murica! on July 18, 2016, 10:26:57 AM No, cutting things and dropping the top income tax rates do nothing for the economy. In fact cutting services that decrease the cost of living(public housing, publicly owned energy etc) or help the poor be able to purchase goods(food stamps, unemployment benefits) cause a large drop in consumer spending even if the tax cuts lead to bubbles and bull markets(which are themselves problems for obvious reasons.)
Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: OSR stands with Israel on July 18, 2016, 10:28:50 AM No, cutting things and dropping the top income tax rates do nothing for the economy. In fact cutting services that decrease the cost of living(public housing, publicly owned energy etc) or help the poor be able to purchase goods(food stamps, unemployment benefits) cause a large drop in consumer spending even if the tax cuts lead to bubbles and bull markets(which is itself a problem for obvious reasons.) Consumer spending was clearly higher after Reagan then what was expected of the economy to be before Reagan Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: Murica! on July 18, 2016, 10:33:22 AM No, cutting things and dropping the top income tax rates do nothing for the economy. In fact cutting services that decrease the cost of living(public housing, publicly owned energy etc) or help the poor be able to purchase goods(food stamps, unemployment benefits) cause a large drop in consumer spending even if the tax cuts lead to bubbles and bull markets(which is itself a problem for obvious reasons.) Consumer spending was clearly higher after Reagan then what was expected of the economy to be before Reagan Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: Kingpoleon on July 18, 2016, 02:23:15 PM I'd argue Ford's Keynesian-ish policies were probably what benefited the country the most of the era's economic policies. Reagan's tax cuts took far too long to take effect and did nothing about inflation.
Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: Virginiá on July 18, 2016, 07:07:50 PM Reagan's legacy ruined the GOP if you ask me, and that includes the advocacy of supply side economics. You can't solve every problem with tax cuts and deregulation, yet that is somehow where the party has ended up and it has been a net negative on this country, imo.
Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: Beet on July 18, 2016, 09:57:39 PM Reaganomics during the actual Reagan administration was fine, even though the twin deficits (budget and trade) was what financed it. The problem is when it started getting taken to an extreme around the turn of the millennium, and all regulation was cast as bad.
Title: Re: Was Reaganomics beneficial to the USA Econamy long term? Post by: Weiner/Holder on July 19, 2016, 12:47:03 AM 21 million jobs were added throughout his terms?
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