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| ▲ | komali2 4 days ago | parent | next [-] | | If you're going to assume my age, I'll go ahead and assume your race, because I can't imagine why someone would support think Ronald "Strapping young bucks" Reagan, President of "School desegregation is a bad thing," steered the USA in a good direction. The same guy that opposed the voting rights act? The guy that didn't want an MLK day because people weren't acknowledging the 'reality' of the man? The guy that vetoed the civil rights restoration act? Mr. savings and loans crisis? The guy that tripled the national debt? The epically failed war on drugs guy? That guy improved the united states? | | |
| ▲ | refurb 4 days ago | parent [-] | | We were talking about making the country better not the media circus around it. The US and UK economies were terrible. Stagflation, “malaise”. Reagan ushered in a decade of strong economic growth. I’m sure all races would trade of a higher paycheck despite the media comments. | | |
| ▲ | dahart 4 days ago | parent [-] | | > Reagan ushered in a decade of strong economic growth By what measure? Can you source that claim? “Since World War II, according to many economic metrics including job creation, GDP growth, stock market returns, personal income growth, and corporate profits, the United States economy has performed significantly better on average under the administrations of Democratic presidents than Republican presidents.” Reagan was the only Republican that reduced unemployment by a little bit, but he was in the lower half of presidents who did that. But he failed to increase employment significantly, he increased the deficit significantly, and he did damage with the bunk feed-the-rich “Trickle Down” theories. Even Trump agreed. “During a March 2004 interview, Trump stated: ‘It just seems that the economy does better under the Democrats than the Republicans.’” https://en.wikipedia.org/wiki/U.S._economic_performance_by_p... | | |
| ▲ | refurb 3 days ago | parent [-] | | 1979 inflation: 13.3%, GDP growth: 3.2% 1984 inflation: 4%, GDP growth: 7.4% Higher growth less inflation is great for us workers | | |
| ▲ | dahart 3 days ago | parent [-] | | Hehe, I agree less inflation is good, but that’s a completely cherry picked comparison. 1984 was a one-time GDP growth peak and it immediately dropped and never happened again even though Reagan still had 4 more years. 1979 was the peak inflation and has never happened again under any president. 7 out of 8 of Reagan’s years produced GDP growth ranging from -1.8% to a max of 4.6%. Clearly 1984 was an outlier and not something Reagan’s policies either caused or could maintain. Reagan’s average GDP growth from 1981 to 1989 is 3.84%, and it’s lower than what happened on average during Truman, Johnson, Kennedy and Clinton’s terms. It’s also lower than Nixon’s term, so Reagan wasn’t special even for a Republican president. Does that Wikipedia article’s coverage of multiple metrics for over 70 years with a pretty clear pattern and summary do nothing to sway you? Some other things that are good for us workers include low federal deficits, income growth, low inequality, and job creation. And Reagan scores poorly on all of those metrics. People aren’t even debating these facts, they’re only debating _why_ Reagan and other Republicans seem to consistently bring the economy down despite their confidence in their economic theories... [1] https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locat...
[2] https://data.worldbank.org/indicator/FP.CPI.TOTL.ZG?location... |
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| ▲ | FridayoLeary 4 days ago | parent | prev | next [-] | | In the UK the improvement was so massive that socialism died and Labour had to reinvent itself as a centrist party in order to stay alive. Thames water is horribly mismanaged and the rail as well is overpriced but i don't trust nationalisation to fix the problems. The government can simply cover up issues by providing subsidies. Again if any politicians today were half the person Thatcher was things might actually get done. Even Blair might be an improvement. | |
| ▲ | bluecheese452 4 days ago | parent | prev [-] | | No? |
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