How bad was the economy in the 80s?

True or false?Ronald Reagan was praised for making the economy strong during the 80s.?

  • Answer:

    True and he did a good job, along with Maggie the 2 also finally defeated the USSR and the end of the cold war. But Reagan put money in the pockets of people across the board, not just the wealthy, it is since then and other Economic policies that USA has seen its wealth go tot the rich more than the poor.

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True he bought the interest rates down from 17% or more down to reasonable levels that one pays for borrowing money among other things.

Genegee

True he bought the interest rates down from 17% or more down to reasonable levels that one pays for borrowing money among other things.

Genegee

republicans believe in his strategy labeled "reaganomics", which essentially is the idea that if you give wealthy people more money they will spend it and poorer people will obtain more of that money. The economy supposedly did very well then, but this tactic has it's share of criticism.

phriendlybear

Its is true that the Regan Initiative is trying to re wright history to show that he did some good, which he didn't. We are still paying for his huge debt and terrible economic policies.

old_lew

republicans believe in his strategy labeled "reaganomics", which essentially is the idea that if you give wealthy people more money they will spend it and poorer people will obtain more of that money. The economy supposedly did very well then, but this tactic has it's share of criticism.

phriendlybear

True and he did a good job, along with Maggie the 2 also finally defeated the USSR and the end of the cold war. But Reagan put money in the pockets of people across the board, not just the wealthy, it is since then and other Economic policies that USA has seen its wealth go tot the rich more than the poor.

Eddie

I know a lot who had to take jobs mopping floors in the '80's after college. We saw no "strong" economy. Just more of the same. Figures on paper don't feed a family. So, No, not in My experience. I simply liked RR as a president. He was strong and anti-big central government. Good that we heard it from a big govt. figure. Great speeches, too.

Nine Fingers

True, during the 80s he was. Now some people, specially economists, have realized how horrible were the consequences. To know more about that: Paul Krugman, Joseph Stigliz, Norman Birnbaum or the declarations of Warren Buffet.

Eduardo

True, even though he just messed it up in the long run. The misconception that regan was a good president was strictly conservative..

Logan

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