What are you complaining about? From Forbes: When President Reagan entered office in 1981, he faced actually much worse economic problems than President Obama faced in 2009. Three worsening recessions starting in 1969 were about to culminate in the worst of all in 1981-1982, with unemployment soaring into double digits at a peak of 10.8%. At the same time America suffered roaring double-digit inflation, with the CPI registering at 11.3% in 1979 and 13.5% in 1980 (25% in two years). ... The Reagan recovery started in official records in November 1982, and lasted 92 months without a recession until July 1990, when the tax increases of the 1990 budget deal killed it. This set a new record for the longest peacetime expansion ever, the previous high in peacetime being 58 months. During this seven-year recovery, the economy grew by almost one-third, the equivalent of adding the entire economy of West Germany, the third-largest in the world at the time, to the U.S. economy. In 1984 alone real economic growth boomed by 6.8%, the highest in 50 years. Nearly 20 million new jobs were created during the recovery, increasing U.S. civilian employment by almost 20%. Unemployment fell to 5.3% by 1989.... Second Post bhwabhwa, the donkey brays that he cant handle reality. you people live in a Unicorn world as OBawa promised you with the pixie dust and the whole bit. He forgot to tell you magic dust doesnt exist, and it takes you 7 or 8 years to figure this out. You dont know what robber barons or oligarchs are. Facts, btw, trickle down economics always has existed, its an economic fact of life, and was not began by any one person, nor is it anyones policy. A fact of life just as a recession is a fact of life. Idiot, moron; Its your responsibility to make your own prosperity, so stop blaming your lackadaisical attitude on everyone else. Your laziness, your income gap. Get busy and make your own wealth like the rest of us do, you good for nothing nitwit.
Posted on: Fri, 24 Oct 2014 20:56:33 +0000