| esty wrote: |
reagan was great for the rich...interest rates were on average 18% for money in the bank.....18% for home buyers too...
i recall buying a home in san antonio in 1984 at 18.5%....reagan is/was a classic red herring...very likable but that admiration caused distraction from the issues |
this is laughable
reagan pushed volker to raise interest rates to kill inflation inherited from carter, and persuaded enough blue dog democrats to support his view that it's not the governments money, it belongs to the tax-payer first. he started the greatest bull market economy in history, and the tax cuts benefited all income groups.
15% money markets don't benefit the poor also? are you kidding?
more wealth for all americans has been created due to his legacy, only to be squandered by each successive administration with overspending, most of all bush.
conservative economics, esposed by most republicans, has helped raise the standard of living for more democrats than any democrat has ever done. bush pushed through the biggest tax cut for the lower income groups in history i believe. oh, yes, it happened to benefit high income earners also, because..............drumroll...................they earn more. economic policies are supposed to level the playing field, not take from peter to pay paul. paul is supposed to get off his fat ass and work.
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gwb72tii
Whenever you find you are on the side of the majority, it is time to pause and reflect.
Mark Twain [Samuel Langhornne Clemens] (1835-1910)