@ConSAmerica Well, not exactly. It was deregulation and socialized loss that causes the S&L crunch in 87. But either way, Volcker deserves more credit for economic actions than Reagan. That's what the 79 and 82 recessions were from.
@TheOnlineCommunity Point conceded. Still, the fact that real wages have stagnated over the last three decades, largely due to Reagan's policies is a pretty damning sign of Reagan's economic mismanagement.
@xtrastage I agree, but the fact that the Reaganomics ideology has outlived Reagan and has been taken to the extreme by some conservatives today is the bigger problem. He was still a practical politician. I really think that if Reagan saw the ideologues in congress who would rather see an economic disaster than ANY revenue increase whatsoever, he'd be rolling over in his grave.
Because of Reagan, the economy kept moving up well up to the end of Clinton's administration. The only reason Clinton had a prosperous economy during his presidency was only because of Ronald Reagan. It only sunk because the government mishandled the Y2K scare.
Hahah nothing bad happened in 1985 there was a stock market crash in 1987 and then Bill Clinton more or less was forced to continue Reaganomics through the tech gains of the 90s...the George Bushes caused the economic downturns with taxes and wars. Who cares if he borrowed tons of money? We used it to win the Cold War
wait a second is this ad about reagan or obama im confused. and this is a bad ad cuz people LOVE roller coasters and the going down part is the best part
This comment has received too many negative votesshow
Reagan's policies seemed to be failing at first because the economy was still recovering from Carter. That is also why Bill Clintonseemed good for the economy, becuase all he really did was approve NAFTA and the economy was still going strong from 12years of Republicans.
Mondale has been proven right. We're singing the same tune because you people keep screwing up the country with the same stupid mistakes and we keep having to try to fix it before you screw it up again.
but the economy grew in 85 so he wasn't right. Since Reagan was elected and changed the economy, the economic polices have remained the same. The United States has experienced economic expansion unrivaled in our history. How exactly was Mondale right?
The deficits were unhealthy in the long run. His economic policies were flawed and morally bankrupt. The poverty rate increased. He raised taxes on those earning under $12,000 while lowering them for those over $50,000. It would have been significantly worse if we hadn't had Tip O'Neil on guard. If it weren't for Iraq, I'd say he was the worst president since Harding.
The tax rates have remained virtually unchanged from the rates that existed before 1980. Every President since Reagan has maintained the same economic policies except for marginal difference in tax policy. The Congress spends money so I'm not exactly sure what you mean by Tip O'Neil. Reagan is easily the best president since FDR. He helped bring back hope to the country after the terrible 70's, helped end the Cold War and his economic polices haven been the norm for 25 years.
None of this is true. Ronald Reagan cut taxes across the board. By the end, taxes were significantly lower and flatter than they were when he took office. And as mdhenshaw said, tax policies have remained essentially the same, other than a small Bush 41-Clinton tax increase and a mid sized Bush 43 tax cut. The poverty rate went DOWN.
This ad is ironic because growth only got stronger after 1985.
ConSAmerica 9 months ago
@ConSAmerica ...only for it to crash in 1987.
xtrastage 8 months ago
@xtrastage Not sure about that, +3.2% GDP in 1987, +4.1% in 1988, +3.6% in 1989.. Could only wish for that kind of growth today.
ConSAmerica 8 months ago
@ConSAmerica Largest percentage drop ever on the NYSE and elimination of an entire sector of the finance industry. Also, Volcker, not Reagan.
xtrastage 8 months ago
@xtrastage Volcker caused the crash?
ConSAmerica 7 months ago
@ConSAmerica Well, not exactly. It was deregulation and socialized loss that causes the S&L crunch in 87. But either way, Volcker deserves more credit for economic actions than Reagan. That's what the 79 and 82 recessions were from.
xtrastage 7 months ago
@xtrastage Economic growth didn't stop due to the 1987 crash, so that's not really a valid point to make.
TheOnlineCommunity 7 months ago
@TheOnlineCommunity Point conceded. Still, the fact that real wages have stagnated over the last three decades, largely due to Reagan's policies is a pretty damning sign of Reagan's economic mismanagement.
xtrastage 7 months ago
@xtrastage I agree, but the fact that the Reaganomics ideology has outlived Reagan and has been taken to the extreme by some conservatives today is the bigger problem. He was still a practical politician. I really think that if Reagan saw the ideologues in congress who would rather see an economic disaster than ANY revenue increase whatsoever, he'd be rolling over in his grave.
TheOnlineCommunity 7 months ago
@TheOnlineCommunity I love how Obama is to the right of Reagan, yet Republicans still call him a liberal.
xtrastage 7 months ago
@xtrastage While Obama is part of the "New Democrat" brand I think it is unfair to say he is WORSE than Ronald Reagan.
He is the goodie too shoes version of bill Clinton
youpon1000 5 months ago
1985 wasn't too shabby
BAhern63 1 year ago
Because of Reagan, the economy kept moving up well up to the end of Clinton's administration. The only reason Clinton had a prosperous economy during his presidency was only because of Ronald Reagan. It only sunk because the government mishandled the Y2K scare.
JMMoosey 1 year ago
Reaganomics DID sacrifice the economic well being of people from 1981-1983 but it was necessary to
1. Crush unions
2. Crush lobbysits
3. Stop subsidizing agriculture
4. Allow outsourcing of heavy industry to East Asia
This sacrificed huge sections of the economy in the short-term but paved the way for long-term economic recovery
DracoMalfoy87 1 year ago
Hahah nothing bad happened in 1985 there was a stock market crash in 1987 and then Bill Clinton more or less was forced to continue Reaganomics through the tech gains of the 90s...the George Bushes caused the economic downturns with taxes and wars. Who cares if he borrowed tons of money? We used it to win the Cold War
DracoMalfoy87 1 year ago
wait a second is this ad about reagan or obama im confused. and this is a bad ad cuz people LOVE roller coasters and the going down part is the best part
corvettetime 2 years ago
Mondale was only off by about eight years with this ad, thanks to the first Bush in the onset of the nineties.
RedStateProgressive 3 years ago
the little bumps and jumps in the global economy gave no sign of the huge casm we are facing today
pubecat 3 years ago
if anyone thinks the president has any control over the economy they are wrong
mbuknowme 3 years ago
LOL. The president can stimulate economic growth by signing into law legislation that cuts taxes and deregulating industries.
Kabane52 3 years ago
oh poor people i am poor too i make 30.000 a year to but i have to to back then it was hard and it had it up's and down's but Reaganomics work.
attie3 3 years ago
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Reagan's policies seemed to be failing at first because the economy was still recovering from Carter. That is also why Bill Clintonseemed good for the economy, becuase all he really did was approve NAFTA and the economy was still going strong from 12years of Republicans.
JimmyLick1 4 years ago
Didn't come true you losers!
flkjeio 5 years ago
hahhahaa yeah it did
pubecat 3 years ago
think about this huh, a Proven conservative, George W Bush was able to put a stop to the largest economic growth in US history.
oasidghlasdgk 5 years ago 8
Um. No. Go read the Article "Myths About the Bush Tax Cuts". We were actually going into a recession at the end of the Clinton years.
KabaneTheChristian 3 years ago
Liberal had the same tune then as they do now & they are just as clueless 22+ years later.
rorbin 5 years ago
Mondale has been proven right. We're singing the same tune because you people keep screwing up the country with the same stupid mistakes and we keep having to try to fix it before you screw it up again.
mp2dtw 5 years ago
but the economy grew in 85 so he wasn't right. Since Reagan was elected and changed the economy, the economic polices have remained the same. The United States has experienced economic expansion unrivaled in our history. How exactly was Mondale right?
mdhenshaw 5 years ago
The deficits were unhealthy in the long run. His economic policies were flawed and morally bankrupt. The poverty rate increased. He raised taxes on those earning under $12,000 while lowering them for those over $50,000. It would have been significantly worse if we hadn't had Tip O'Neil on guard. If it weren't for Iraq, I'd say he was the worst president since Harding.
mp2dtw 5 years ago 2
The tax rates have remained virtually unchanged from the rates that existed before 1980. Every President since Reagan has maintained the same economic policies except for marginal difference in tax policy. The Congress spends money so I'm not exactly sure what you mean by Tip O'Neil. Reagan is easily the best president since FDR. He helped bring back hope to the country after the terrible 70's, helped end the Cold War and his economic polices haven been the norm for 25 years.
mdhenshaw 5 years ago
None of this is true. Ronald Reagan cut taxes across the board. By the end, taxes were significantly lower and flatter than they were when he took office. And as mdhenshaw said, tax policies have remained essentially the same, other than a small Bush 41-Clinton tax increase and a mid sized Bush 43 tax cut. The poverty rate went DOWN.
Kabane52 3 years ago
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@mp2dtw
Are you talking about Reagan or GWB?
Hello59239 1 year ago
the only mistake was when clinton signed for nafta
joeytrimble 3 years ago