Liberal Forum

tharock220 » 17 Feb 2014 11:09 pm » wrote:
It's really common sense Cannon. Here are the numbers.

http://useconomy.about.com/od/GDP-by-Ye ... istory.htm
http://www.multpl.com/inflation/table

Under the usual economic calculations, inflation is included in GDP. If prices go up then the value of what we produce goes up, even if nothing additional is produced. There wasn't a single year during Carter's administration where inflation didn't outpace growth. This is why Reagan is remembered more fondly than the the Peanut Farmer. People's account balances grew faster than the **** they were were buying.

Your first link verifies every critique I made of reagan - he looks worse than Carter, ESPECIALLY when you take into account that Carter droped our debt to GDP ratio instead of hiking it as reagan did.

Your second link, while I ACCEPT it, confuses me. How can a baby hating big borrower like reagan , who eats tomorrow's baby food today and peddles ketchup as a vegetable in school lunches - how can a guy like that reduce inflation, when he borrowed so much **** money that it amounted to almost two thirds of the entire economy he inherited? He inherited what - a 3.2 trillion dollar economy? Then he borrows 1.8 trillion?

He was the first guy since WWII who did not drive the debt to gdp ratio down. Only one president has done so since, and that was Billy Clinton - twice.

How can you defend a big spending, big borrowing liberal who federalized education, against a small borrowing, government shrinking peanut farmer who committed adultery, but only in his heart?