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Thread: Census finds record gap between rich and poor

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by zip98053 View Post
    What Reagan inherited was not nearly so bad as what Obama inherited. By the end of his term, things were much better. I think Obama deserves the same opportunity.
    with all due respect, the vast majority of americans disagreed with you then

    and even more, it appears, differ with you now

    If the 2012 election was held today, Obama would lose 48-42 against an unnamed Republican candidate.
    Poll: Independents siding with GOP - James Hohmann and Jim VandeHei - POLITICO.com

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by donc View Post
    He did that in less than two years?
    Obama is headed in the wrong direction especiallly since the recession ended last year. There is quite a difference between the economic policy of Reagan vs. Obama's. Reagan was pro growth and Obama's is pro govt. thus the results quite different.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by zip98053 View Post
    My apologies to the former President Reagan.

    I was around in the '80s and I did experience the misery of stagflation. The Reagan tax cuts you talk about were actually not that significant for normal people. They were great for Reagan's rich buddies. The top marginal rate was lowered to 50% from 69% but the top marginal rate was 69% for incomes over $215.400. The new maximum rate of 50% was for incomes over $85,600. Folks making over $85,600 (a very big income in '81) got a huge tax decrease to support "trickle down." Normal folks saw hardly any change to their taxes.

    I'm not trying to argue that things are great right now. I would, however, point out that you are willing to give Reagan the benefit of looking at his entire administration but you seemingly are trying to judge Obama based on the fact that he was not able to work an economic miracle in the first 18 months of his presidency. What Reagan inherited was not nearly so bad as what Obama inherited. By the end of his term, things were much better. I think Obama deserves the same opportunity.
    Is that why Reagan won the biggest landslide victory in U.S. history in 1984? If Obama had a pro growth, pro capitalistic economic policy I would give him the benefit of doubt but he doesn't. He doesn't have a clue what free enterprise and capitalism is all about as he has never managed anything or ever made a payrol. He is a community agitator who believes in bigger govt. and massive social spending. That is a recipe for disaster.

    I don't believe you were around during the 80s when you claim that things were worse when Obama took office. The misery index was well over 20. Interest rates were well into the double digits and there was high inflation. Compare that to when Obama took over with almost zero interest rates and very low inflation.

    Please name for me one economic prediction that Obama has made that has been accurate? Based upon what he is doing this country cannot afford to give him more of a chance. My question is why do you continue to buy the rhetoric.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Boo Radley View Post
    Isn't that what he was elected for?
    No. He was elected to be the second coming of Jesus.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by ReverendHellh0und View Post
    So you won't be explaining then?
    What would you like me to explain?

    Quote Originally Posted by TurtleDude View Post
    This makes the turtle's lists of most inane comments of the week
    The comment it answered was inane.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Troubadour View Post
    What would you like me to explain?


    .

    Playing obtuse?
    Let evil swiftly befall those who have wrongly condemned us

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    Amazing, where you even around during the 80's. Ever pay 17% for a mortgage? Ever hear of something called the misery index? Reagan economic policy didn't go into effect until after his tax cuts passed in August 1981 so 1982. GDP doubled during the Reagan term which you can find at bea.gov. The Reagan economy created 18 million jobs, doubled govt. revenue, and doubled GDP

    Not sure how you can call a 4 million increase in unemployment 3 trillion added to the debt, 1.6% GDP growth, massive expansion of govt. an improvement but to some I guess that is what ideologues think.

    By the way it is Reagan NOT Regan.
    I was and can tell you that the last year of the President Regan term was terrible. People could not find jobs, the markets were terrible and we suffered for the GROWTH of the early 80's. I lived it, I saw it. Its the same after 8 years under the latest Republican. No jobs, terrible economy and we are suffering from the GROWTH. You seem to be able to gleen prosperity in the GDP when Republicans are in office but fail to see the repercutions.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    Amazing, where you even around during the 80's. Ever pay 17% for a mortgage? Ever hear of something called the misery index? Reagan economic policy didn't go into effect until after his tax cuts passed in August 1981 so 1982. GDP doubled during the Reagan term which you can find at bea.gov. The Reagan economy created 18 million jobs, doubled govt. revenue, and doubled GDP

    Not sure how you can call a 4 million increase in unemployment 3 trillion added to the debt, 1.6% GDP growth, massive expansion of govt. an improvement but to some I guess that is what ideologues think.

    By the way it is Reagan NOT Regan.
    ok.....what did the debt rise to under reagan? the deficit? why did bush 1 have to raise taxes?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by ender1 View Post
    I was and can tell you that the last year of the President Regan term was terrible. People could not find jobs, the markets were terrible and we suffered for the GROWTH of the early 80's. I lived it, I saw it. Its the same after 8 years under the latest Republican. No jobs, terrible economy and we are suffering from the GROWTH. You seem to be able to gleen prosperity in the GDP when Republicans are in office but fail to see the repercutions.
    Yes, I agree, the last year of the Bush Administration was terrible, but as stated, do you understand that we have three equal branches of govt? How did Bush do this alone without Congressional support? Congress was under Democrat Control and Democrats seemed more concerned about regaining the WH than putting people back to work.

    I see nothing but good repercutions when people get to keep more of what they earn. I am still waiting for you to explain the successes of the Obama Administration. We know that the last year of Bush was bad but wasn't depression bad nor was it early 80's bad yet you and others bought the Obama rhetoric, why? There is no question why, you wanted to buy it and just didn't think you would be challenged.

    Fact remains the numbers tell the true story and that is what Obama supporters want to ignore. There is a reason that Obama's poll numbers are now in the upper 30's or low 40's and it has nothing to do with what went on in 2008 or your perceived damage by GW Bush. Obama has been a complete and utter failure. He blew it. His job was to stimulate and grow the economy, not bail out unions and waste 862 billion dollars and adding 3 trillion to the debt. Jobs was his major focus so what did he do, passed Obamacare. He blew it! Seems like you are among the few that still don't get it.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by liblady View Post
    ok.....what did the debt rise to under reagan? the deficit? why did bush 1 have to raise taxes?
    The debt under Reagan was 1.7 trillion in 8 years. I don't know why Bush 1 raised taxes because Bush 1 had 1.4 trillion in debt in 4 years. Clinton had 1.4 trillion in 8 years. Higher taxes does not mean more revenue to the govt and less debt/

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