Quote:
Originally posted by techweenie
lendaddy: "With Reagan, you can see that he did some VERY bold things regarding the governments influence in business and tax reduction."
So many myths. Tax as a percentage of GNP at the beginning of Reagan's Presidency = 18.7%. At the end, 21%.
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I don't doubt those #'s are correct . . but they are very misleading. Regan cut taxes to increase the velosity of money (to spur the economy and increase the govt's take).
It work WELL. . . and the some will never forgive him for that.
Strange, lib's seem to be quick to forgive Clintonian screw-ups (oh right, he didn't
screw her) . . and yet a successful Republican project; whoa. . .thats just going too far. . ..
that can never be forgiven.
Clintons, "tech boom" had more to do with the baby-boomers surplus income, than anything Clinton did.