Why is Reagan seen as the best president in the USA when he literally destroyed the American economy with trickle down system and was strongly against worker unions?

During the Reagan administration, there was a significant decrease in inflation, with the inflation rate dropping from 13.5% in 1980 to 4.1% by 1988. This decline in inflation was a crucial accomplishment for the administration and was attributed to various factors and policy decisions.

Reagan was and remains the greatest American President and world leader of the modern era. None of the revisionist nonsense be spread now will change that irrefutable fact.

INFLATION DROPPED FROM 13.5% IN 1980 TO 4.1% BY 1988

What are some common historical misconceptions?

REAL GROSS NATIONAL PRODUCT ROSE 26%

The Reagan administration slashed the priime interest rate by more than half, from an unprecedented 21.5% in January 1981 to 10% in August 1988. This achievement stemmed from the administration’s shift in monetary policy aimed at controlling inflation and stimulating economic growth.

Now, however, they all wanted to know how he did it, so he told them: reducing tax rates restored the incentive to produce and create jobs, and getting government out of the way allowed people to be entrepreneurs. From there, the free marketplace operated as it was supposed to.

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Millions had good jobs and were able to keep more of the money for which they worked so hard. Families could reliably plan a budget and pay their bills. The seemingly insatiable Federal government was on a ‘much-needed diet. And businesses and individual entrepreneurs were no longer hassled by their government, or paralyzed by burdensome and unnecessary regulations every time they wanted to expand.

UNEMPLOYMENT FELL FROM 7.6% TO 5.5%

Economic expansion, tax cuts, and job growth were primairy drivers of increasing the net worth of families earning between $20,000 and $50,000. Also contributing to this growth was asset appreciation and inflation moderation during this time period.

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In a phrase, the American dream had been restored.

20 MILLION NEW JOBS WERE CREATED

Reagan did support supply side economic policies that saved both the American economy and middle class from the disastrous economic policies of the miserable failure Jimmy Carter and the Democratic Party. Over eight years the Reagan Administration achieved the following:

Hi everybody! I have been looking at posts on narcs and narc abuse on here and if has really helped me out a lot. I am currently struggling with my situation and need some advice/support. I met a narc last year, everything seemed to good to be true. Love bombing, always texting calling and taking me on dates. Everything changed when someone warned me about him out in public in front of him and who he is. This caused a conflict with us and the love bombing seized. he would tell me that everything is okay and i can come and talk. He would set a time limit on me and kick me out after that. he would then text me like everything was fine and we hung out again and after that he completely ghosted me for one week. He came back and texted me a week later laughing about the ghosting and acting like nothing had happened. he continued to text me ( not like in the beginning) make plans with me, then on the day of the plans he would just ghost me. One day he would act interested the next silence. i contacted him a month later and he acted like nothing happened. He was on a vacation and sent me a picture of another woman ( someone he allegedly met on the trip) to strike a reaction but i never gave him one. After the trip he came to my place and was extremely rude, accusing me of going on dates with a bunch of men. The next day he accused me of being an alcoholic and that he wanted nothing to do with me but said well maybe we can be "friends" then ghosted me i assumed at this point it was over and i would never hear from him again. He contacted me on the holiday a month later acting like everything was great. We ended up hanging out a month or so later and when we hung out it went well, i thought things were going in the right direction. after we hung out.. silence. I would try to text him and if he replied it would be very short then he just stopped replying. He ghosted me for almost three months. I thought he was done this time and of course he popped up again like nothing happened. At this point i was getting sick of if so i questioned him as to why he dissapeared and always does this. Of course he had some sob story about a injury and family member dying of cancer. I felt pity for him and he gave me an apology.. so i took him back stupidly. things seemed to be going smooth for a couple months, of course until his family member died and his injury got better he never contacted me and was distant. Menawhile, i was there for him during the difficult time for him. He lied to me about the funeral and never wanted to chat. I was chasing him and he would always claim nothing was wrong but when i said i thought he used me when he was down he could not handle it and would always tell me he didnt care and to go away. I would get so upset i would try texting him to work it out he would barelt respond and if he did he would not be nice about it. we did hang out a couple times after that, he would ignore me after. One day i was like hey i think you are seeing someone else, and i was like well ixam seeing someone so no problem if you are he said " buy bye good luck with your new guy stop contacting me" i was devastated and tried to get into contact with him for weeks then i just gave up and accepted it was over. He ended up contacting me a month later acting like everything was fine. He wanted to go out and have drinks i told him i would. He and i both seemed to have a great time. He ends up ignoring me again. I kept texting him trying to figure out what was wrong. He kept saying everything was fine and i said ok can we hang out again? He said maybe i was like why? He just kept saying maybe … our last conversation we had… i said what is wrong ? He said nothing is wrong everything is fine. I asked him why he keeps saying maybe. He said " maybe but i dont want to see you right now" i said why? He saix " im just not feeling it, if i wanted to date i would" i said why did you contact me less then a week ago wanting to go out? He said i didnt.. even though he did. So i said should i just move on or what? He said whatever you want to do. So i said that he was really confusing me and asked him if he had anything more to say before i move on? My messages were turning green so i panicked he blocked me and reacted irrationally. I said " omg did you block me? My messages are not going through. Even texted him on my work phone asking what was up. And called him twice ( please dont judge me i know it is pathetic i never was this type of girl before him) so he replied and said " Ok I'll block you now" then immedietly blocked me. He has never blocked me before since I have met him he will just ghost. Is this ths final discard aka " grand finale? Did i just push him too far? this has upset me so much its hard to even function.

So impressive was the Reagan Recovery that at the G7 Economic Summit in 1983, when it was obvious the President’s plan was working, the West German Chancellor asked him to “tell us about the American miracle." That was quite a turnaround from two years earlier, when President Reagan outlined his economic recovery plan to an unconvinced group of world leaders.

The Administration's focus on fiscal restraint and reducing government spending, combined with tax reforms, deregulation, and the resulting economic growth all worked together to bring down the inflation rate. This decline in inflation provided a more stable economic environment, which contributed to increased business confidence, and investment.

THE FIRST HAND RESULTS OF THE REAGAN RECOVERY

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Such a ridiculous question, but lies must be confronted.

As to the charge that he opposed worker unions, that is also demonstrably false. That is a pernicious lie that stems from Reagan’s justified termination of the employment of members of the air traffic controllers union , also known as PATCO. This union went on an illegal strike in violation of a contract they had signed that stated they would NOT go on strike. They broke their contract, and put the public safety at risk. Reagan gave them 48 hours to return to work, or face termination. Many of them found out Reagan was not bluffing when he fired their worthless asses.

As President Reagan observed with a wry smile, “I could tell our economic program was working when they stopped calling it Reaganomics.” But what really pleased him most about the Reagan Recovery was not the vindication or all the impressive statistics. To him, the success of Reaganomics was what it brought to the American people.

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Given actual rates of inflation, through 1987, the Reagan tax cuts saved the median-income two-earner American family of four close to $9,000 in taxes from what it would have owed in 1980.

The combination of tax cuts and deregulation was a catalyst for economic growth and job creation. Several industries experienced expansion, including finance, technology, and manufacturing. During this expansion, business had more capital and flexibility, which led to job creation.

Taming the lion called government spending was another key component of the plan – the “third leg of the stool.” Here, too, President Reagan did what he said he would do. During his Administration, growth in government spending plummeted from 10% in 1982, to just over 1% in 1987. With inflation factored in, Federal spending actually went down in 1987 – the first time that had happened in well over a decade.

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Tax cuts were only one “leg of the stool.” The second, jobs, was equally strong. Not only were there millions of new jobs, but the benefits of job creation were not limited to one segment of society. Employment of African-Americans rose by more than 25% between 1982 and 1988, and more than half of the new jobs created went to women.

THE PRIME INTEREST RATE WAS REDUCED TO 10% BY AUGUST, 1988

Reagan didn’t destroy the American economy with “trickle down” system. He was not strongly against worker unions.

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Reagan never supported anything accurately referred to as “trickle down economics.” That is because no such theory exists. The following should clarify:

As President Reagan's policies were implemented, economic growth began to take off. This favorable economic environment allowed businesses to thrive and expand, thus creating more jobs and lowering unemployment.

NET WORTH OF FAMILIES EARNING BETWEEN $20,000 AND $50,000 ANNUALLY GREW BY 27%

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As Reagan's economic policies began taking off this ultimately led a substantial rise in Gross National Product (GNP), reflecting increased productivity, business expansion, and investment.

Only an idiot, or a partisan hack would look at statistics such as these and conclude that Reagan had harmed the economy, or the middle class. The truth is just the opposite, he saved them both.