Walter Mondale TV Ad: "Roller coaster"
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@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
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@TheOnlineCommunity I love how Obama is to the right of Reagan, yet Republicans still call him a liberal.
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@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.
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@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.
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@xtrastage Economic growth didn't stop due to the 1987 crash, so that's not really a valid point to make.
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@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.
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@xtrastage Volcker caused the crash?
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@ConSAmerica Largest percentage drop ever on the NYSE and elimination of an entire sector of the finance industry. Also, Volcker, not Reagan.
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@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.
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@ConSAmerica ...only for it to crash in 1987.
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
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