12/14/2012

Levin Untangles the Lies Of Reaganomics

Posted by Brian
H/T to The Mark Levin Show

On last night's show, Mark Levin crushed the liberal myth that Reagan tax cuts plunged America into the fiscal disaster that we now find ourselves in.  He also addressed the equally false belief that the Clinton era tax hikes spurred the economy in the 1990's. Read and listen if you have the guts to face the truth.

Reaganomics Vs. Obamanomics: Facts And Figures
Peter Ferrara, Contributor

In February 2009 I wrote an article for The Wall Street Journal entitled “Reaganomics v Obamanomics,” which argued that the emerging outlines of President Obama’s economic policies were following in close detail exactly the opposite of President Reagan’s economic policies.  As a result, I predicted that Obamanomics would have the opposite results of Reaganomics.  That prediction seems to be on track.


         Audio of Mark Levin addressing Obamanomics vs. Reaganomics

When President Reagan entered office in 1981, he faced actually much worse economic problems than President Obama faced in 2009.  Three worsening recessions starting in 1969 were about to culminate in the worst of all in 1981-1982, with unemployment soaring into double digits at a peak of 10.8%.  At the same time America suffered roaring double-digit inflation, with the CPI registering at 11.3% in 1979 and 13.5% in 1980 (25% in two years).  The Washington establishment at the time argued that this inflation was now endemic to the American economy, and could not be stopped, at least not without a calamitous economic collapse.
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Setting the Tax Record Straight: Clinton Hikes Slowed Growth, Bush Cuts Promoted Recovery
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