How true. -Gary > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]] > Sent: Friday, December 14, 2001 12:04 AM > To: CF-Community > Subject: RE: Ouch > > > During the From the time of Ike until the final year of George the First, > real, inflation-adjusted wages for the average American worker declined > steadily, having their sharpest drops during the Reagan years. Under > Clinton, real wages increased for the first time since Ike. > > Under Reagan, what was supposed to trickle down never trickled. Corporate > tax savings were used to fuel an unprecedented era of hostile takeovers, > leading to layoffs in numbers not seen since Hoover. > > When the tax-cut bubble burst, unemployment was at an all-time high, > inflation was rampant and we plunged into the worst recession since the > Great Depression. This is often called the Bush Recession, but the ground > work was really laid by Reagan. > > H. > > > > -----Original Message----- > From: Lon Lentz [mailto:[EMAIL PROTECTED]] > Sent: Thursday, December 13, 2001 10:48 AM > To: CF-Community > Subject: RE: Ouch > > > Trickle-down? The so called trickle down included a big tax cut, > true. I think that the top end was almost 50 percent and Reagan's plan > brought it down to a little under 40 percent. That was good. That tax > cut, as John Kennedy had predicted some 20 years prior, increased > revenue into the Federal coffers. Also, if you go back and look at the > rate of increase of the level of the Dow since it began, you'll notice > something quite striking. Until roughly 1982, the growth rate was > constant, yet slow. Around 1982, the year of this evil tax cut, the rate > of increase of the Dow took a dramatic increase. This is the boom that > Clinton rode through 2 disgusting terms. > > Iran-Contra? What would you have done? > > Star Wars? It's a good idea. The thing about it is is that it > depended on technologies that did not exist. That requires both money > and time. No one wanted to spend the money, and no one wanted to wait > for the solution. > > > -----Original Message----- > > From: Howie Hamlin [mailto:[EMAIL PROTECTED]] > > Sent: Thursday, December 13, 2001 1:32 PM > > To: CF-Community > > Subject: Re: Ouch > > > > > > Ronnie Raygun? > > > > Can you say "trickle-down economics?" > > > > Can you say "Iran-Contra (aka "arms for hostages")?" > > > > Can you say "Star Wars?" > > > > I knew you could... > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Structure your ColdFusion code with Fusebox. Get the official book at http://www.fusionauthority.com/bkinfo.cfm
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