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  1. #1
    Quote Originally Posted by wufwugy View Post
    On an unserious note, let's do correlations! Reagan passed major tax cuts in his first year and won in every state except Cuckisota and the District of Cuckumbia. That means Trump will gain bunches of votes! Another correlation! Presidents don't lose reelection when the economy is doing very well.
    Fun game, but if you look into a little bit deeper, Reagan's tax cuts initially drove the economy down. Down hard! His reelection was an insane long-shot at best around 1982

    It recovered and he was proven right in time for the election. Trump may not be so lucky. Alot of the "recovery" storyline will be communicated by a media that liked Reagan a little bit better than they do Trump.
  2. #2
    Quote Originally Posted by BananaStand View Post
    Fun game, but if you look into a little bit deeper, Reagan's tax cuts initially drove the economy down. Down hard! His reelection was an insane long-shot at best around 1982

    It recovered and he was proven right in time for the election. Trump may not be so lucky. Alot of the "recovery" storyline will be communicated by a media that liked Reagan a little bit better than they do Trump.
    I don't know the history, though I do know to caution the idea that Reagan's cuts drove the economy down. Why do you say that?
  3. #3
    Quote Originally Posted by wufwugy View Post
    I don't know the history, though I do know to caution the idea that Reagan's cuts drove the economy down. Why do you say that?
    Go on Netflix, and look up "Eighties"
  4. #4
    Quote Originally Posted by BananaStand View Post
    Go on Netflix, and look up "Eighties"
    I lied (unintentionally). I do know the history. It was a part of my final project for my degree. The focus was not Reagan or fiscal policy, though, so maybe that explains why I thought I didn't know the history.


    Here's the short of it: the recession that began in the middle of 1981 and lasted until near 1983 was not related to Reagan or his tax policy. It was caused by the Federal Reserve raising interest rates in an attempt to drive inflation down.
  5. #5
    Quote Originally Posted by wufwugy View Post
    the recession that began in the middle of 1981 and lasted until near 1983 was not related to Reagan or his tax policy.
    Doesn't matter. Had it lasted until 1984, people would have blamed Reagan.

    No one talks about how Clinton's dergulation fed the housing bubble. They just remember that the recession of 2008 started during the last five minutes of W's presidency, so ZOMG!!! VOTE DEMOCRAT!!

    In 2018, the media narrative will tie any bad economic news....ANY bad news at all....to this tax bill.
    Last edited by BananaStand; 12-23-2017 at 08:28 PM.

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