I'm not really hugely interested in the truth of this claim one way or the other, but that chart doesn't indicate whether it shows real or nominal values, which isn't of much use when it displays data for a decade of massive and rampant inflation. Any more info about the chart?Originally posted by p-11.cAce:
What is the "common belief" about President Reagan? It's that he was the greatest example of fiscal constraint and tax cuts. He is held up as THE example for Republicans to emulate. But the reality was very different.
Also, I believe you meant 'not but-' rather than 'but not guffaw', leit.Everyone had their fun with grammatical nitpicking?
I'm not really hugely interested in the truth of this claim one way or the other, but that chart doesn't indicate whether it shows real or nominal values, which isn't of much use when it displays data for a decade of massive and rampant inflation. Any more info about the chart?Originally posted by TheGrunch:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by p-11.cAce:
What is the "common belief" about President Reagan? It's that he was the greatest example of fiscal constraint and tax cuts. He is held up as THE example for Republicans to emulate. But the reality was very different.
Also, I believe you meant 'not but-' rather than 'but not guffaw', leit.Everyone had their fun with grammatical nitpicking? </div></BLOCKQUOTE>My memory tells me that the massive & rampant inflation you refer to began with the Arab Oil Embargo of 1973 and grossly exacerbated by the Carter Administration. It took Reagan a while to kill its momentum, but kill it he did, in spite of a Democrat controlled Congress for most his time in office.
cheers
horseback
Wouldn't dispute that summary. Anyway, only reason I mention it is that quite often armchair experts like plugging numbers into charts and showing them to people and forget important things like accounting for inflation.Originally posted by horseback:
My memory tells me that the massive & rampant inflation you refer to began with the Arab Oil Embargo of 1973 and grossly exacerbated by the Carter Administration. It took Reagan a while to kill its momentum, but kill it he did, in spite of a Democrat controlled Congress for most his time in office.
cheers
horseback
Truly the most PATHETIC aspect of this no mater what nation one hails from (as all are guilty)....Is how people like Lemmings so desperately want to pick a side, want to choose a party, want to be a part of this club or that and help perpetuate the unfounded BS by regurgitating the same rumors and slanderous libal even when given the chance adding their own............Naturally for the good of their children
Amazing.....It's amazing in all these many years and from countless examples of how those seeking power are not doing it for the common good, yet to have power to wield themselves.....The people having lost the ability now to make it right, really given it away, cannot see that the only way to make things truly "better", is to pick the best person then support them till the next regardless of party.
There is a name for such blind loyalty most here show.....Stooge.
K2
Wouldn't dispute that summary. Anyway, only reason I mention it is that quite often armchair experts like plugging numbers into charts and showing them to people and forget important things like accounting for inflation. </div></BLOCKQUOTE>Originally posted by TheGrunch:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by horseback:
My memory tells me that the massive & rampant inflation you refer to began with the Arab Oil Embargo of 1973 and grossly exacerbated by the Carter Administration. It took Reagan a while to kill its momentum, but kill it he did, in spite of a Democrat controlled Congress for most his time in office.
cheers
horseback
You wouldn't huh?![]()
I bet a few people here will.![]()
Just saying
Wouldn't dispute that summary. Anyway, only reason I mention it is that quite often armchair experts like plugging numbers into charts and showing them to people and forget important things like accounting for inflation. </div></BLOCKQUOTE>Originally posted by stalkervision:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by TheGrunch:
<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">Originally posted by horseback:
My memory tells me that the massive & rampant inflation you refer to began with the Arab Oil Embargo of 1973 and grossly exacerbated by the Carter Administration. It took Reagan a while to kill its momentum, but kill it he did, in spite of a Democrat controlled Congress for most his time in office.
cheers
horseback
You wouldn't huh?![]()
I bet a few people here will.![]()
Just saying </div></BLOCKQUOTE>I seem to recall that during the Reagan years that Government spending as a percentage of GNP shrank somewhat. I can attest that the economy was in vastly better shape in 1989 than it was in 1981, and continued to be for a few years after, in spite of the changes resulting from the ending of the Cold War.
cheers
horseback
Agaain, though the Dems controlled the House, which controls budget bills.