▲ | dahart 3 days ago | |
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... |