05-22-2008, 08:52 AM
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 | Super Stoner Mr. Ganja | | Join Date: Nov 2006 Location: North of mexico and south of Canada
Posts: 9,296
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Quote:
Originally Posted by ViRedd  Reagan took over an economy that was destroyed by the Carter administration. One of the first things that changed after Reagan took office was the policies of the Federal Reserve that had the country awash in money ... that caused the huge inflation rate of the Carter years. As the money supply receded, the country went into the 1980-1983 recession. It was Reagan's version of "Tough Love." Once the Reagan tax cuts took hold, along with stabilized interest rates, the country was booming again. In fact, the next several presidential terms benefited from it. The chart shown on this link shows the result of the Federal Reserve tightening the money supply from '80 to '83. So, who's really lying here? Ronald Reagan-1948 Last Time He Told the Truth Vi | The only thing that needs to be said about regan economics: Trickle down! that's like the last drops of piss that trickle down your leg. Enough said.
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"I suppose I always knew America would eventually break the planet, like some ghastly, hyperactive toddler that gets hold of a mobile phone and then smashes it repeatedly against the edge of a table". Quote from british journalist. |