| Snake Doctor |
04-25-2003 08:32 PM |
Quote:
Originally posted by Centurion
LOL..you got to be kidding me! You're saying the recession in the 80's was NOT due to the largest deficit spending that had ever been seen (until now), followed by the BIGGEST tax cut for rich (until NOW) that so stomped the economy down, we didn't get a handle on the deficit until Clinton took office!
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Actually the recession we had in the early 80's started in the late 70's under president Carter. We had double digit inflation, oil prices through the roof, an energy crisis (long long long lines at gas pumps, electricity bills were obscene)
Reagan inherited that recession, he didn't create it.
The economy actually grew under Reagan and continued to do so until the tail end of Bush Sr's administration.
While I disagree with a lot of Reagan's philosophies and policies, making statements like you just did that have no basis in fact is not helping me make my case.
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