17 Feb 2014 3:00 pm
There isn't one single example in the history of the United States where tax cuts for the rich have ever led to economic prosperity.Cannonpointer » 16 Feb 2014 2:56 am » wrote:Carter grew the economy in the four years of HIS budget 78,79, 80 and 81 (he took office in 77, but that was ford's year - and a good one) faster than reagan did in his eight years 81-89. If anyone wants to swap years (pretend 77 was Carter's, even though the fiscal year runs from October to October) that's fine, too. Either way, Carter ROMPS on Reagan - I just want to be accurate.
http://useconomy.about.com/od/GDP-by-Ye ... istory.htm
In 4 years, carter grew the economy to 154% of where he took over. It was 2.086 trillion in 77 when he took office, and 3.211 trillion for 81 - his last fiscal budget. The numbers are even better if you run it by election year rather than fiscal year (the more accurate and honest measure).
In his 8 years, Reagan took the economy from 3.211 trillion - Carter's last fiscal year - to 5,6577 trillion in 1989 - his last fiscal year, That's an increase to 177% of what it was when he took over - in EIGHT years. Carter almost made that figure in FOUR years.
Aided and abbetted by a willing conservative MSM, repukes have floated a false narrative about Carter and reagan, playing the former as befuddled and incompetent and the latter as an economic goliath. Nothing could be farther from the truth. This is why, in the face of ALL EVIDENCE, contards pretend the press is "librul." It's called projection.
I want to give credit where it's due: Glory Hole Clem is the fool who got me to googling and discovering these facts. My own nature is what gets me crowing about it.
Contards, you are on notice: CARTER WAS BETTER FOR THE ECONOMY THAN REAGAN. SO WAS CLINTON - BETTER THAN REAGAN, BUSH AND BUSH. You people suck at business and the economy - and everything else. You even suck off men in public bathrooms.
Not one.
It's this premise that has been behind Ronald Reagan worship. By repeating their tax cut **** over, and over again, Republicans have been trying to sell the same troll crap since FDR punked them in the 30's. It's an *** kicking they never got over. All one need do is look at the anti New Deal posts, sometimes blatantly put forward as fact, and sometimes very subtly put forward as talkingpoints, to see where the conservatives loyalties lie. It's an issue they have been losing on for 80 years, and an issue they are going to continue to lose on. Once the last of the Baby Boomer conservatives die off in the coming years, they are done as a viable political power in this country. The new wave of immigrant population will effectively bury white elitist privilege. At that point the history books will be written by a whole new generation of academics, and the history will not be kind to white elitist conservatives that will be viewed not that much differently than the worst of offenders in world history.