If you can provide some documentation I will consider what you said. Opinion is good but I have heard otherwise in many different venues. Here is just one. I am sure there is opposite info somewhere. Clinton was riding a wave that started on the up swing just in time for Bush to get in and have 9/11 start a downturn. I don't disagree things got worse under Bush but it wasn't just him as I have stated before. And the fact that Freddie mac and Fannie mae were started by the Dems is more proof of their involvement in this economy. At least the mortgage part of it. They forced banks to loan money to those that obviously could never pay it back.
Bob Dole's proposal for a 15 percent income tax cut has reignited the long-standing debate about the economic impact of Reaganomics in the 1980s. This study assesses the Reagan supply-side policies by comparing the nation's economic performance in the Reagan years (1981-89) with its performance in the immediately preceding Ford-Carter years (1974-81) and in the Bush-Clinton years that followed (1989-95).
William A. Niskanen is chairman and Stephen Moore is director of fiscal policy studies at the Cato Institute.
More by William A. Niskanen
On 8 of the 10 key economic variables examined, the American economy performed better during the Reagan years than during the pre- and post-Reagan years.
* Real economic growth averaged 3.2 percent during the Reagan years versus 2.8 percent during the Ford-Carter years and 2.1 percent during the Bush-Clinton years.
* Real median family income grew by $4,000 during the Reagan period after experiencing no growth in the pre-Reagan years; it experienced a loss of almost $1,500 in the post-Reagan years.
* Interest rates, inflation, and unemployment fell faster under Reagan than they did immediately before or after his presidency.
* The only economic variable that was worse in the Reagan period than in both the pre- and post-Reagan years was the savings rate, which fell rapidly in the 1980s. The productivity rate was higher in the pre-Reagan years but much lower in the post-Reagan years.
This study also exposes 12 fables of Reaganomics, such as that the rich got richer and the poor got poorer, the Reagan tax cuts caused the deficit to explode, and Bill Clinton's economic record has been better than Reagan's.
Re: for those that want knowledge and not a rock s
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