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Cannonpointer
10 Mar 2014 1:05 pm
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98% Macho Man
98% Macho Man
45,109 posts
tharock220 » 10 Mar 2014 12:28 pm » wrote:
http://www.tradingeconomics.com/united- ... production

As I suspected, industrial output grew far faster under Reagan than Carter. It's no wonder average real income grew under one and shrank under the other.
When you double the national debt to prime the economy instead of being a fiscal conservative like Carter, it will certainly APPEAR that your unborn children's money is "yours." After all, you're spending it, right - and your kid owes it?

That IS what occurred, is it not? I'll be delighted to learn how you feel you can spin the fact that Reagan borrowed, during his tenure, an amount that was half of the entire GDP of the economy he inherited.

Please help me to understand why I should respect the economy of a man who built it on massive government stimulus and massive government debt. He made FDR look like a piker. We're feeling the pain NOW, but you want to brag about the "good times" when the party was still rolling, and ask me what's my major malfunction for talking about the hangover?
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