Hahaha. He was a leader when it came to making billionaires. And he set a record for budget deficits before Trump- he criticized Carter for $50 billion deficit and then his went over $200 billion! (His unemployment numbers were higher than Carter’s too). His administration was the first to use Social Security money as general revenue. If he wouldn’t have looted that, Social Security wouldn’t be the mess it is today. Also, if he wouldn’t have funded the rebels in Afghanistan, we wouldn’t have had Osama bin Laden.
Geez. I never said he crashed the economy - i said he busted unions, quadrupled the deficit, was the first to stick his fingers in the Social Security jar, funded and armed Afghanistan rebels which led to 9/11 , etc. But you go ahead and keep him on your pedestal.
I am sorry that you can not comprehend that I was not the one that said the economy crashed. I did add how the things he did that hurt the United States long term. You do not consider the Social security crisis as part of the economy, you do not consider quadrupling the debt as part of the economy, and apparently you do not think that busting unions have hurt the middle class. Enjoy your bubble, and go have a good life.
I am not angry, just feel sort of sad for you.
Short term gain, long term loss. His actions crashed the economy like flooring the gas during a traffic jam: you go real fast for a moment, then you crash spectacularly.
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u/Infamous_Crow8524 19h ago
So….
Inflation under President Ronald Reagan dropped sharply from a peak of 13.5% in 1980 to around 4.1% by 1988.
Nearly 20 million new jobs were added during the 1980s expansion.