Posted on 08/05/2011 5:35:20 AM PDT by reaganaut1
“The recession started in 1980. Reagan was not President for even one day in 1980, and his tax cuts did not take effect until 1983.”
- this.
Really, Ben? So the term, "gridlock", which was the Libturd Media buzzword for The Reagan Administration was coined because Reagan wanted to raise taxes more than the RATS in The House and Senate did?
Ben Stein is SUCH a moron.
Tax rates were lowered. Revenue increased. Spending increased more than revenue - thus deficits increased.
Blame the tax rate lowering!!!!
Just when I thought I couldn’t possibly lose more respect for the moron.
Expelled!!! No intelligence in evidence.
His comments on Reaganism shows that he, Stein, no longer lives
in the real world, worse, forgot the history he lived through,
and has completely immersed himself into the moral relativism
of LaLaLand.
If he still goes to temple, I wonder if his rabbi is a Jewish Jeremiah Wright?
Exactly. The Wall Street Journal editorial for the first edition of 1983 was entitled something like “FINALLY, A TAX CUT.” The Dow bottomed out at about 700 in the fall of 1982. From then on, it soard as high as 2700. then the Dems took the Senate in 1987, and the Dow fell to 2200 in October of 1987. The next two days, Thursday and Friday, it lost about 100 each day, leaving investors to panic over the weekend. Monday was Black Monday. The next two days the Dow fell to about 1200, but it recovered by the end of the year.
It’s funny how the libs always choose to ignore the Carter 70s as though they never happened.
It can't be said enough. That didn't stop the Democrats (or Ben Stein, apparently) from blaming Reagan's tax cuts -- which hadn't even taken effect yet!
Reagan is the only president to have had an economics degree. And he'd received his education in the twenties before Keynesian nonsense had infected academia. He understood the dangers of inflation and let Volcker shrink the money supply even though it hurt him politically.
In 1983, Volcker eased and the final tranche of Reagan's tax cuts took effect. The economy soared almost instantly.
Ben Stein used to be interesting to read. Something's happened, though. He's now just a flat-out liar.
Ben Stein: So Conservative, He Not Only Endorsed Al Franken But Also Conributed To Franken’s Campaign!
Thanks for putting Franken over the top, Ben, you big conservative, you.
I thought taxes weren’t raised till 1986 when the Democrats screwed us over (yet again).
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