Quote:
Originally Posted by WTF
No more Reagans.
Conquering Jimmy Carter's inflation, winning the Cold War, restoring our national confidence and booming the economy were his legacy.
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FTFY. I guess you don't like peace and prosperity, do you fagboy? And don't forget this bullet-point list of Reagan economic achievements I gave you last week. Put it up on your refrigerator door, WTFagboy!
Quote:
Originally Posted by lustylad
....here are just a few of the good things that happened to the economy between Jan. 1981 and Jan. 1989:
1. Annual inflation (CPI) slowed from 12.5% to 4.2%.
2. Unemployment dropped from 7.5% to 5.4%.
3. The labor force participation rate rose from 63.9% to 66.5% as new entrants flooded the labor force, encouraged by the availability of jobs.
4. Total employment increased by 16 million.
5. Employment rose by 25% among African Americans.
6. Real GDP expanded by 31%.
7. Real per capita disposable income went up by 18%.
8. Federal tax revenues swelled by 76%.
9. The prime interest rate fell from 21.5% to 10.5%.
10. The national average price of a gallon of gasoline dipped from $1.36 to $1.00.
11. The Dow Jones Industrial Average climbed by 135%.
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