I believe Reagan's revolutionary tax policy is still driving the economy today.
After all, it takes many years for corporate investment decisions to work their way into fruition.
The breakup of AT&T, I believe, helped in the practical creation of the Internet which was the driving force behind the boom market of the 1990s.
In his greed to rake in corporate campaign donations, Clinton then stood by while his SEC "bubble" advisors let corporate governance go to hell, which caused the slow-down in 2001 and 2002.
Thank God GWB helped bring back integrity.
The Left derided Reagan's tax cuts as "trickle-down economics," but by slashing top rates from 70 to 28 percent, Reagan helped unleash 92 months of economic growth, create 18 million new jobs, and enlarge the gross national product by a third.
Exactly, and IIRC (and thats a big if) tax revenues boomed. Boomed for years as I recall. So, in the midst of unprecedented revenues how is it that we grew the debt.
Could it be that Congress screwed Reagan on the Spending cuts? Yes-that is what I remember.