Ronald Reagan-Address on Federal Tax Reduction Legislation (July 27, 1981)
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@JTEsterkamp
Actually, it was Clinton. Clinton forced banks to give out mortguage loans to everyone, even the ones who could not afford one. Therefore, foreclosures increased and bingo, economic turmoil. Regan taxed less, allowing more spending and hiring, therefore stimulating the economy.
burmiester1 2 months ago
@JTEsterkamp
Nope it was FDR and Nixon that really started the damage.
jmjfanss 2 months ago
@LangeTheThird
lol nice try. it's media propaganda. obama's job-killing policies are as clear as the nose on your face
Eye2EyeIIIV 3 months ago
@srpenquino Obama created more jobs in his first year than Bush did in eight. I'm sorry, statistics don't lie.
LangeTheThird 3 months ago
This is where it all began. The disparity between rich and poor in this country has rapidly grown since this moment. Reagan started the damage, but he certainly wasn't the last person to cause it. Yes his plan worked in the short term. In the long term however he damaged us for generations to come.
JTEsterkamp 3 months ago
@MrPrymeone
How did trickle down economics not work? In a nutshell, people were taxed less, allowing them to hire more and spend more, ergo stimulating the economy.
burmiester1 4 months ago
And none of this bullshit worked
MrPrymeone 4 months ago
@deeppurple28 ~5-7% GDP growth. From 1982-1986. How you doin Obama?!
Besides how can you call cutting individual income tax "trickle down"? LOLiberals!
Ron Paul 2012
srpenquino 6 months ago
are you guys kidding? the entire platform of the Democratic Party strategy absolutely depends on the electorate being not informed, ignorant and easily swayed by emotion.
If all the electorate were intelligent and informed, the Democratic Party wouldn't stand a chance.
nwzimmer1 11 months ago
Fuck this moron's trickle down effect!
deeppurple28 1 year ago