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MisterP

(23,730 posts)

10. much of the difference is how the growth was DISTRIBUTED: Reagan

Sun Aug 23, 2015, 02:40 PM

Aug 2015

explicitly kept any economic growth in the upper classes and maybe the upper-middle-class rentiers and yuppies
plus there's an oil boom-and-bust underlying the 1978-83 recession
and to be fair Carter turned to what we call Reaganomics 1978-9 as the Chicagoids promised it as the golden ticket out of stagflation, but that wouldn't have lasted past 1981 (nor slid into full trickle-down)

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Is it true that the economy grew better under Carter than Reagan [View all] gabeana Aug 2015 OP

Most likely, yet Sherman A1 Aug 2015 #1

Yes, because Paul Volcker had not destroyed the economy yet. roamer65 Aug 2015 #2

It's close; average annual GDP growth under Carter 3.3%, Reagan 3.5% muriel_volestrangler Aug 2015 #3

Thanks for the link and the #'s gabeana Aug 2015 #4

Conservatives forget how devastating the recession of 1980-1981 was JCMach1 Aug 2015 #5

Carter, like Obama, inherited a steaming bag of crap A HERETIC I AM Aug 2015 #6

Actually, most Democratic presidents inherit a steaming bag of crap tabasco Aug 2015 #7

Point well taken. n/t A HERETIC I AM Aug 2015 #9

I have to doubt it Reter Aug 2015 #8

much of the difference is how the growth was DISTRIBUTED: Reagan MisterP Aug 2015 #10

Yes. The economy has never grown under a GOP president. Rex Aug 2015 #11

Not the debt or deficits though... Motown_Johnny Aug 2015 #12