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  1. #1
    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.
  2. #2
    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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