Comments on: Economics 101: A True-False Test

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By: manofaiki

manofaiki — Sun, 14 Nov 2010 20:29:54 +0000

“Yes, but Reagan became President in Jan. 1981 and unemployment spiked and income tanked, nice to count it after the recession was over. And nice to ignore the Clinton huge gains. Clinton was a much more successful President economically than Reagan was, so you lose.”

Yes, you are correct, Reagan became President in Jan. 1981. But the TAX CUTS he called for did not take effect until 1983. The gains under Clinton were nice, but that’s not the point the guy is making – it’s to counteract lies about the 1980 tax cuts not really causing any economic growth or rise in real incomes. And he does a pretty damn good job of it.

The fact you call him a hack means you either can’t read or you have an agenda. Which is it?

By: easton

easton — Tue, 08 Jun 2010 23:44:54 +0000

What a joke. Get a grip you loser. 7. Real family income increased each year from 1983 through 1990 in every income group (from the poorest fifth of households to the richest fifth), while median family income fell by 1.9 percent in 1993.

Yes, but Reagan became President in Jan. 1981 and unemployment spiked and income tanked, nice to count it after the recession was over. And nice to ignore the Clinton huge gains. Clinton was a much more successful President economically than Reagan was, so you lose.

You are a hack.