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Originally Posted by ArellaNova
Mr. Mephisto,
Actually, your diagram there is pretty accurate. But what it fails to explain is the overall effects of political legislation on the economy. Economic growth or decline is measured by quarters. Each quarter reports reflect changes that have taken months and years to come into effect. Such as tax cuts. Regans economic policies didn't take hold till the early 90's.
All of those blue lines are honest to God growth, but they have the wrong name to them. All that growth is due to the policies of one....Ronald Regan.
Kinda makes you wanna hit something, doesn't it.
The red arrows? Same deal. Owed to the economic policies of Bill Clinton.
hmmm.......  |
the economy took a pretty immediate downturn while carter was in office
stagnation existed for the first 2-3 years of reagans presidency and then there was the 80's boom
the economy was in relative flux during Bush 41's term
during clintons first term the economy slightly rose
clintons second term was a huge boom (tech bubble) then burst right at the end of his second term
Bush 43 economy suffered greatly in the first term, mainly due to terror fears
high level economy during the last 5 years has been robust, middle class is shrinking and poverty class increased.
I fail to see how you can define great economic times, especially in that chart, as being reagans tax cuts. would that mean that the 80s boom was carters doing? unlikely.
it's more likely that you truly don't understand supply side economics and would rather just attribute a prosperous economy to the last two term republican president instead of realizing what technology innovations can do to enhance GDP and production.
I hear they have economics classes in community colleges around the nation. Maybe you should take a few.