[your name here]
Introduction



Reaganomics - holds that reduced income tax
rates increase GDP growth.
The Left Says:
"The 1980s were "a time of Reaganomics,
burgeoning yuppies, and the Decade of
Greed."(Lauer, 2003)
Conservatives:
“It is odd that economic growth when a
conservative is president is called "greed," while
economic growth when a liberal is president is
called "prosperity."
Social Composition of the Decade






Increased homeless among the poor.
Increased crime rates.
Reduced low-income housing
Put low- skilled workers out of jobs.
Deprived the needy of medical care.
Increased hunger in urban and rural
slums.
Social Composition of the Decade



18 million new jobs
created.
Periods of full
employment.
70 % increase in
Social welfare outlays.
Economic Composition of the Decade





Corporate Contributions to charities -10%
increase
Inflation - Outstripped by 6%
Fueled the longest economic expansion.
Low inflation and interest rates.
96 months of continuous economic growth.
Economic Composition of the Decade


Work force tax revenues: average of $20
billion/year increase.
Taxpayers:
 Top 10 % income bracket - paid 55 %
 90 % of the taxpayers – paid 45 %.
 less than $20,000 a year earner
 1980 - paid nearly 20 percent% of all
taxes.
 1988 – only paid 7% of all taxes.
Political Composition of the Decade

.


Congress over-spending
from the tax collected.
Budget proposal not
followed.
Federal government
spent $590 billion
Effect on the 80’s Political Climate




Left-wingers always have despised Mr.
Reagan.
Reagan received full measure from the
people.
Political division
People concept was politically influenced.
Conclusion




Reaganomics received both positive and
negative feedback.
Did Reaganomics did not stint on social
spending. No!
Reaganomics increased the popularity
worldwide .
Applied not only in US but in some other
countries too.
References
A BUM RAP. Richmond Times:
http://proquest.umi.com/pqdlink?did=616012221&sid=1
&Fmt=3&clientId=2606&RQT=309&VName=PQD
Facta say Reaganomics worked.
Times –
Picayune: http://proquest.umi.com/pqdlink?did=7023382
5&sid=4&Fmt=3&clientId=2606&RQT=309&VName=P
QD
Lauer, M. ( December 31,2003). NBC Show Today as cited by
Media Research Center's CyberAlert:
http://www.mediaresearch.org/cyberalerts/2003/cyb20031
231.asp