Originally posted by gdub520:
reaganomics...the rich got richer and the poor got poorer...




When Regan took office, unemployment was > 10%, inflation was rampant (double digit), and the top tax bracket was 70%!! Regan reversed all that and the misery index (created during Carters tenure) dropped, personal weath increased across the board...how is this poor got poorer??

Big deficit created (even bigger than the present deficit as % of GDP)..sure. He built 19 army divisions, gave raises to the military (I was not rich in the Navy in the early 80s but got richer under Regan), and won the cold war. Which ultimately, made it easier to reduce debt under Clinton by dramatically cutting military size & spending (too much).

Reganomics WORKED!





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