papau
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Fri Sep-26-03 08:18 AM
Response to Reply #20 |
23. And Clinton was correct - Reagan/Bush was a disaster for the economy |
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12 year job growth but little job growth in last 4 years,
Unemployment at 7% at the start -Feb 81, abd the same 7% at the end -Dec 92.
Reagan 8 years only growth of 3.33% versus Carter GNP growth of 3.25 - but Reagan achieved his only by a huge borrowing from our kids - the debt increase from 1 T to 2.7 Trillion dollars.v And then the no growth Bush years. Funny how massive tax cut with deficits projected to forever caue interest rates to rise above wher the economy would otherwie put them - causing disaster. Now we have 2 great examples - Reagan and Bush43.
Amazing how folks can't understand that the good or bad of a tax change is in the design of the change - and not in whether rates go up or down.
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