II graduated High School in 1985. And finished my college years in 1989. Reagan was my president.
I love this paragraph.
Quote:
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This approach to public policy continues to characterize Reagan's 1980 campaign. One of his proposed cures for inflation is the notion that a huge tax cut will restore the productive vitality of the economy and control price rises. Most economists believe this approach is nonsense, that it would simply fuel more inflation. Reagan also asserts that "inflation comes from the Government spending more than the Government takes in. It will go away when the Government stops doing that." Economists say that a balanced federal budget would still trim less than a percentage point from the inflation rate.
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In reality, the tax cuts alone ended the Carter inflation, and made the "misery index" a thing of the past. Imagine what could have been if the Democratic lead congress would have kept their end of the deal with the spending cuts that would have just added to the increased revenue the tax cuts caused . I think it is interesting that the main concern they had then was inflation. Growing the economy with the tax cuts seemed to be just a passing thought. It was so bad in 1980, a vibrant growing economy seemed to be too much to hope for, but that is exactly what happened.
I believe that spending cuts are very important, but I think Reagan proved that they are not as powerful to the economy as the growth brought on by freeing up the American people and their money, and by just letting the American people be proud to be Americans again.
Today, we are in a seemingly hopeless state. Really, the only hope we have now is the same thing that happened in the years following Jimmy Carter. Growing the economy is the only way out of this mess, and Obama is doing the opposite by punishing anybody who dares to be productive.
Reagan believed in the American people, and Obama has disdain for the American people.
Obama is devoid of 'hope.' And so was Carter.
Oh yeah,
Just like Reagan, Palin can't win either.
C. Davis