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HomeOff Topics News & Politics › Liberals Can't Erase Reagan's Record
01-09-2015 03:49 AM  3 years agoPost 1
Dennis (RIP)

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Oregon

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Liberals Can't Erase Reagan's Record

Tuesday, 06 Jan 2015

My daughter asked me my opinion on an article she read in Vanity Fair attempting to debunk the presidential record of Ronald Reagan. I happily responded.

The writer of the piece is veteran liberal commentator Michael Kinsley, who used to be a regular on William F. Buckley Jr.'s "Firing Line" and CNN's "Crossfire." It's not as though he appeared out of nowhere, studied the evidence anew, and shared a novel theory. He's been dissing Reaganomics for decades, along with other Democrats and liberals, whose only recourse is to distort the Gipper's phenomenal record.

Why is this even relevant, you ask? Well, according to Kinsley, "every serious G.O.P. presidential aspirant invokes the glorious era of Ronald Reagan, to which the country must return. Ignore the fact that, for the likes of Paul Ryan and Rand Paul, Reagan's actual record — from increased bureaucracy to higher deficits — should be seen as a complete failure."

Ever since Reagan's two terms in office, Democrats have been trying to recast those years of remarkable peacetime growth, without inflation, as a time of abject greed — when the rich got richer and the poor got poorer. But the facts have never corroborated their propaganda.

To really understand Reagan's record — and thus mainstream conservatism still today — you must remember just how bleak things were during the Carter years. At the end of Jimmy Carter's term, unemployment was 7.4 percent, and galloping toward double digits; inflation was already in double digits; and interest rates were a staggering 21.5 percent. There was no end in sight.

Indeed, I remember the general malaise that gripped the nation at that time — the attitude of despair, fatalism, and resignation. America's best years, according to Carter's apologists, were behind her, and it wasn't his fault that things were so abysmally bleak.

Reagan, against all naysayers, promised that proper policies could unleash the sleeping economic giant again; that we could return to sustained, robust growth and prosperity. Once elected, despite strong opposition from Democrats in Congress, he fulfilled his promise.

Reagan inherited a steep recession but, unlike President Obama today, did not keep using it as an excuse well into his presidency. Reagan didn't need excuses, because his policies began to produce results very quickly.

Reagan had pushed for a 30 percent across-the-board cut in marginal income tax rates, but Democrats in Congress forced a reduction to 25 percent and delayed its implementation. Once the bill passed and kicked in, the results were dramatic.

Along with Reagan's policy of deregulation, his tax cuts produced an economic boom that continued for almost eight full years — from November 1982 to July 1990 — with not a scintilla of a recession.

Reagan's policies led to the largest period of economic growth to date in the history of the nation. The economy was nearly a third larger at the conclusion of the Reagan years than at the beginning. Real median family income grew by $4,000, as opposed to almost no growth during the Ford-Carter years.

Like President John F. Kennedy, Reagan demonstrated that reducing marginal income tax rates could increase revenues. Revenues almost doubled during the Reagan years, and even after adjusting for inflation, they increased by some 28 percent. Reaganomics also shattered the long-established economic textbook axiom that there is a trade-off between unemployment and inflation. Despite nearly 20 million new jobs, there was barely any upward pressure on prices.

Though Democrats preached that under Reagan, the rich got richer and the poor got poorer — in fact the plight of all income groups improved. Not only that but upward mobility, which received its last rites under Carter, made a dramatic comeback, as a Treasury Department study revealed that 86 percent of the people in the lowest 20 percent of income in 1979 graduated into higher categories during the 1980s. More people in every income group moved up than down except — ironically — the top 1 percent of earners.

Moreover, the real Reagan record puts the lie to the liberal mantra that the rich didn't pay their fair share. In the first place, average effective income tax rates were cut more for lower-income groups than for higher-income groups. In 1991, after the Reagan cuts had been in place for almost a decade, the top 1 percent of income earners paid 25 percent of income taxes; the top 5 percent paid 43 percent; and the bottom half paid only 5 percent. How is that for fairness?

Unfortunately, Reagan didn't achieve the spending reductions he'd envisioned, though some misinformation exists here, too. Military spending constituted much of the increase — by design and by necessity after Carter's gutting of our vital defenses. But the rate of domestic spending grew more slowly under Reagan than under his immediate predecessors and would have been reduced far more but for recalcitrant big-spending Democratic congressmen.

The military spending, coupled with Reagan's coherent peace-through-strength foreign policy, yielded immeasurable dividends, as the Soviet Union soon disintegrated. And no, my revisionist liberal friends, this was not because of a willing, enlightened Mikhail Gorbachev.

President Reagan is still the model for conservative presidential aspirants — and for very good reasons that will not be erased, no matter how earnestly liberals try.

David Limbaugh is a writer, author, and attorney. His latest book, "Jesus On Trial: A Lawyer Affirms the Truth of the Gospel," is now available.

http://www.newsmax.com/DavidLimbaug...1/06/id/616789/

Liberty once lost, is lost forever.

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01-09-2015 04:05 AM  3 years agoPost 2
helicopter

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Omaha, Nebraska

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Ronald Reagan was an American MAN.

The current potus is a foreign CHILD...

I love gravity, it always keeps my feet planted when I fly!

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01-09-2015 10:35 AM  3 years agoPost 3
2low

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elkview,WV

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What we have now in the White House is an obomination to the office. Long live Reagons legacy. When it truly was an honor to be an American.

Got to have my cup of heli in the morning.

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01-09-2015 12:03 PM  3 years agoPost 4
baby uh1

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St. James, Mo.

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But the facts have never corroborated their propaganda.
That should be inscribed on the grave stone of every liberal democrat.

Anything is possible if you don't know what you are talking about!

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01-09-2015 02:08 PM  3 years agoPost 5
tommytt1

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Mercerville, NJ, USA

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Lets not forget raising the debt ceiling 18 times, and almost tripled the National Debt from 1 trillion to 2.8 trillion. What a Great Actor!

I made a mistake once, but I was wrong?

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01-09-2015 02:23 PM  3 years agoPost 6
Wave

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Illinois

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Reagan showed us all how to trickle down wealth to foreign banks.

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01-09-2015 02:35 PM  3 years agoPost 7
Wave

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Illinois

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Thanks for bankrupting America Ronnie.

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01-09-2015 02:37 PM  3 years agoPost 8
Wave

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Illinois

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I guess folks don't need jobs if you lock them all up.

Thanks again Ronnie.

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01-09-2015 03:06 PM  3 years agoPost 9
Wave

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Illinois

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Question : Who wants to erase Reagans record ?

It's plain to see that Ronnie and the mORal majority really screwed things up.

gOD told them too ( and the aliens that Ronnie and Nancy met in the 60's ).

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01-09-2015 04:49 PM  3 years agoPost 10
Wave

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Illinois

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In the United States, enough painkillers were prescribed in 2010 to medicate every American adult around the clock for one month.
Thanks for locking up the cannabis smokers Nancy, while Ronnie opened the gates for his big pharma buddies.

Now your grandkids are all doped up. cLEan pHArmaceuticals.

( edit: really difficult to find any opiate / painkiller prescription rate statistics online. )

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01-09-2015 05:20 PM  3 years agoPost 11
Dennis (RIP)

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Oregon

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In the United States, enough painkillers were prescribed in 2010 to medicate every American adult around the clock for one month.
Thanks for locking up the cannabis smokers Nancy, while Ronnie opened the gates for his big pharma buddies.

Now your grandkids are all doped up. cLEan pHArmaceuticals.
The year 2010 not just 21 years after Reagan left office, its 9 years after he died.

Nice going slick.

Pathetic.

Liberty once lost, is lost forever.

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01-09-2015 05:37 PM  3 years agoPost 12
Wave

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Illinois

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By Angell's account, the current slide toward the commercialization and corruption of clinical research coincided with the election of President Ronald Reagan in 1980 and the passage of the Bayh–Dole Act, a new set of laws that permitted and encouraged universities and small businesses to patent discoveries from research sponsored by the National Institutes of Health (NIH). Research paid for by the public to serve the public instantly became a private, and salable, good, one that is producing drug sales of more than $200 billion a year.
http://www.nejm.org/doi/full/10.105...200410073511522
The year 2010 not just 21 years after Reagan left office, its 9 years after he died.
Nice try slick.

Pathetic

Now Ronnies grandkids are livin' like eLVIS ( everyone elses kids as well.)

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01-09-2015 05:46 PM  3 years agoPost 13
2low

rrApprentice

elkview,WV

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Pathetic to be sure. Would love for Reagon to be in the Oval office right now. He would just laugh at all this political correctness crap that is going on now. What a contrast to what we have in the White House now. Weak knee spineless liberals.

Got to have my cup of heli in the morning.

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01-09-2015 05:59 PM  3 years agoPost 14
Wave

rrKey Veteran

Illinois

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Hey, The next time some punk on cLEAn phaRMa shoots up a school, can we call it HOOKED on ReaganOMics ?

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01-09-2015 06:02 PM  3 years agoPost 15
Wave

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Illinois

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01-09-2015 06:02 PM  3 years agoPost 16
Dennis (RIP)

rrApprentice

Oregon

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What a contrast to what we have in the White House now. Weak knee spineless liberals.
They know exactly what they are doing.

Destruction, chaos, apathy, untruth, delay, side with enemies, divide people against each other, all at the price of over taxation and over regulation to those that can least afford to pay it.

Liberty once lost, is lost forever.

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01-09-2015 06:06 PM  3 years agoPost 17
Wave

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Illinois

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01-09-2015 06:07 PM  3 years agoPost 18
Castlebravo

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Hillsboro,Oregon

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Would love for Reagon to be in the Oval office right now.
Well...I think if "Reagon" (or as the rest of us say...Reagan...) was in the Oval Office right now......it would be smelly and really gross.....just sayin.......

CB

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01-09-2015 06:15 PM  3 years agoPost 19
ssmith512

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Indianapolis, IN USA

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Well...I think if "Reagon" (or as the rest of us say...Reagan...) was in the Oval Office right now......it would be smelly and really gross.....just sayin.......
That right there is pretty dang funny!

Steve

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01-09-2015 06:18 PM  3 years agoPost 20
ssmith512

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Indianapolis, IN USA

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On one hand you had Carer's policy's, which seemed to be working pretty well, no?

On the other hand you had Reagan's policies which seemed to completely destroy the Country and and put it on the path to destruction - a complete 180 of Cater's policy's, no?

Just wanna know which was better; what we had, Carter's policy's or what we ended up with, Reagan's policy's?

'Cause BUSH!!!!

Steve

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