16 Feb 2014 12:55 pm
By lowering the marginal tax on higher income brackets and raising them on the lower income brackets. By relying more heavily on payroll tax and new investment tax for revenue than on taxes on higher earners and capital gains (which he subsequently raised back up to 28% after cutting them to 20%). By being the first to raid the SS fund. By increasing public expenditure (normally a growth move) by raising the national debt from $997 billion to $2.85 trillion and by doing so, turning the US from being the biggest creditor nation into the biggest debtor nation.crimsongulf » 16 Feb 2014 12:20 pm » wrote:I have always been pragmatic and results orientated and pay little attention to Carter supporters in this thread. Their kumbaya clouded memory of Carter has no bottom line results.
As far as positive results, Reagan left Carter in the dust.
Yeah, Reagan was first at a lot of things. And they all served to make him look better than Carter when viewed in isolation. But in retrospect, any good economist can to point to Reagan's policies as the start of the decline that has led the economy to where it is today.
So kudos to Reagan for coming out smelling sweeter than Carter. 30 odd years later, we see how well the Gipper **** on us and no one thinks he smells very good at all.