We didn't have double digit unemployment when Reagan became President. It was around 7%, and it was around 7% when his first term ended. The unemployment rate didn't reach 10% until well into Reagan's 2nd year, which was after Reagan cut taxes. The main reason for the high unemployment was high interest rates, not high taxes, and when interest rates were lowered, unemployment went down.
Melonie does consistently make things up. She's not lying, in that she believes what she is saying is true, but it isn't. She constantly makes assumptions, based on her ideology, which turn out not to be true. According to Melonie's ideology, businesses cannot pay good wages and be successful. Businesses that get their electricity from clean sources cannot be successful. Then she makes stuff up based on these assumptions, and other assumptions that turn out not to be true. Here is one example:
http://forum.stripperweb.com/showthr...21#post1829021
In her statement, Melonie claims BMW moved their production to South Carolina because of low wages and subsidies, and cheap electricity from coal-powered plants. She then goes on to say that if "BMW persisted in importing vehicles manufactured in western europe ( and thus preserved high paying western european auto worker jobs) they arguably WOULD be bankrupt by now".
In reality BMW manufactures approximately 90% of its vehicles in Western Europe (Germany, UK, and Austria), and they export a significant number of those vehicles to the United States, and they are able to remain profitable most years. As recently as 2 or 3 years ago, they were the most profitable auto maker in the world.
In addition, the state where BMW chose to locate its US plant doesn't get most of its electricity from coal powered plants. Over half of the electricity in South Carolina comes from nuclear power plants.
To summarize, Melonie claims BMW cannot manufacture vehicles in Western Europe and import them to the US, without going bankrupt. In reality, most of their vehicles are manufactured in Western Europe, and many of these vehicles are imported to the US. Melonie also claims that BMW located their plant in South Carolina because of cheap electricity from coal-powered plants. In reality, over half the electricity in South Carolina comes from nuclear power.
Melonie frequently makes statements like that, without knowing whether what she is saying is true or not. She just assumes it is, based on her ideology. I doubt very much Melonie is intentionally misrepresenting facts. She probably does believe what she is saying is true, but many times it turns out not to be.
Tax rates aren't the only factor that determine government revenue and deficits. We were going through a recession when Bush 41 was President, which reduced revenue.
President Clinton's tax cuts weren't anywhere near as big as his tax increases. We had strong economic growth throughout Clinton's presidency, before and after his tax cuts, which contributed to revenue, along with the tax increases. We had gone from deficits of $300 billion to a balanced budget before Clinton's tax cuts were even passed.
but you leave out that we had strong economic growth before these tax cuts were passed and there were other factors that contributed to economic growth, such as significant increases in spending on a war and social programs during the Johnson Administration, and significant decreases in interest rates and significant increases in spending on a military buildup during the Reagan Administration. Tax cuts probably did contribute to the economic growth, and I have nothing against cutting taxes, as long as the revenue is enough to cover government expenses. I'm opposed to government running large deficits unless we are fighting a major war or going through a severe economic crisis, as we're doing now.
No, right now I see high unemployment as being a bigger problem than our deficits.
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