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Defending the 80's.
Posted on 9/15/26 at 11:11 am
Posted on 9/15/26 at 11:11 am
Re-reading Robert Bartley's The Seven Fat Years, a great book on economics and defense of the 80's. Some info for Vance who prefers Nixon.
Some quotes from the first chapter, which appeared in the WSJ as a column, The Man From Mars.
In 1990, the Databoy screen said, the gross national product of America was 31 percent above 1982 in real, inflation-adjusted terms. During the Seven Fat Years, America had grown by nearly a third.At the beginning of the period, the German economy was about a third of America's; in its years of "excess" the American economic machine had in effect built a whole new West Germany.
As expansion ended in 1990, this was 18 percent above 1982. Over the Seven Fat Years, that is, the standard of living of the American people grew by nearly a fifth.
DEINDUSTRIALIZATION?, the Man from Mars punched, picking something he'd heard. He found that manufacturing production grew even faster than GNP, rising by 48 percent over the expansion. And despite the deficit black hole, gross private investment grew by 32 percent, in line with GNP. And just as a demographic surge reached working age, enough jobs were created to boost civilian employment by 19.5 percent. Between 1982 and 1990, the U.S. economy added 18.4 million jobs.
TAX REVENUES? This time the Man from Mars was sure he'd find a catch, having heard again and again of "irresponsible" tax cuts. The Databoy replied that between fiscal years 1980 and 1990, federal government receipts grew by 99 percent,
From World War II until 1973, real economic growth averaged 3.6 percent a year. After 1973 the economy staggered, growing only 1.6 percent a year over the next nine years. But after 1982, growth returned, hitting a 3.5 percent path through 1990. From the beginning of 1983 through the end of 1989, growth hit 3.8 percent—The Seven Fat Years.
Ironically, Trump followed most of these policies in his first term and voila, the economy took off until it was wrecked by Covid.
Some quotes from the first chapter, which appeared in the WSJ as a column, The Man From Mars.
In 1990, the Databoy screen said, the gross national product of America was 31 percent above 1982 in real, inflation-adjusted terms. During the Seven Fat Years, America had grown by nearly a third.At the beginning of the period, the German economy was about a third of America's; in its years of "excess" the American economic machine had in effect built a whole new West Germany.
As expansion ended in 1990, this was 18 percent above 1982. Over the Seven Fat Years, that is, the standard of living of the American people grew by nearly a fifth.
DEINDUSTRIALIZATION?, the Man from Mars punched, picking something he'd heard. He found that manufacturing production grew even faster than GNP, rising by 48 percent over the expansion. And despite the deficit black hole, gross private investment grew by 32 percent, in line with GNP. And just as a demographic surge reached working age, enough jobs were created to boost civilian employment by 19.5 percent. Between 1982 and 1990, the U.S. economy added 18.4 million jobs.
TAX REVENUES? This time the Man from Mars was sure he'd find a catch, having heard again and again of "irresponsible" tax cuts. The Databoy replied that between fiscal years 1980 and 1990, federal government receipts grew by 99 percent,
From World War II until 1973, real economic growth averaged 3.6 percent a year. After 1973 the economy staggered, growing only 1.6 percent a year over the next nine years. But after 1982, growth returned, hitting a 3.5 percent path through 1990. From the beginning of 1983 through the end of 1989, growth hit 3.8 percent—The Seven Fat Years.
Ironically, Trump followed most of these policies in his first term and voila, the economy took off until it was wrecked by Covid.
Posted on 9/15/26 at 11:20 am to prplhze2000
Nothing to defend. America in the 80's was the peak of humanity.
This post was edited on 9/15/26 at 11:20 am
Posted on 9/15/26 at 11:27 am to blueboy
quote:
Nothing to defend. America in the 80's was the peak of humanity.
I was fortunate enough to be a teenager in the 80s. Best decade EVER IMO.
Posted on 9/15/26 at 11:30 am to prplhze2000
quote:
Ironically, Trump followed most of these policies in his first term and voila, the economy took off until it was wrecked by Covid.
Agreed, if Trump would have focused on the economy this time around and not caved to Bibi's demands either by coercion or blackmail, things would be so much more different heading into the Midterms.
Posted on 9/15/26 at 11:30 am to Longdriver98
quote:
if Trump would have focused on the economy this time around and not caved to Bibi's demands either by coercion or blackmail
Nonsense.
Posted on 9/15/26 at 11:32 am to Longdriver98
Some of the Trumpsters on this board don't want to hear it but Trump's tax cuts in first term were written by Paul Ryan.
Ryan in turned copied Jack Kemp and Phil Gramm, who wrote Reagan's tax policies in Congress.
Ironically, Trump opposed the 1986 tax cuts which really stimulated the economy.
Ryan in turned copied Jack Kemp and Phil Gramm, who wrote Reagan's tax policies in Congress.
Ironically, Trump opposed the 1986 tax cuts which really stimulated the economy.
Posted on 9/15/26 at 11:39 am to prplhze2000
Ronald Reagan was a spineless coward who happened to be in the right place at the right time
He could’ve passed anything with no resistance because the democrats were so weak at that point but instead he opted for naturalization of illegals and hug a thug policies
He could’ve passed anything with no resistance because the democrats were so weak at that point but instead he opted for naturalization of illegals and hug a thug policies
Posted on 9/15/26 at 11:43 am to Friscodog
quote:
I was fortunate enough to be a teenager in the 80s. Best decade EVER IMO.
Ditto and hell yeah!
Posted on 9/15/26 at 11:45 am to el Gaucho
As Dr. House would say, You're an idiot.
Fought the Democrats tooth and nail to get tax cuts. Had to win over some Democrats in the House to get it passed. Bush could not get permanent tax cuts with a much better hand in Congress.
Stood up to the Soviet Union. Bombed Libya when it was blowing up airplanes.
Spineless democrats? He had to fight George Mitchell, Metzenbaum, Moynihan, Gore, Kennedy, Bird, Harkin. yeah, spineless.
But oh, Simpson Mazolli happened so single issue dumbasses such as yourself call him a failure.
Fought the Democrats tooth and nail to get tax cuts. Had to win over some Democrats in the House to get it passed. Bush could not get permanent tax cuts with a much better hand in Congress.
Stood up to the Soviet Union. Bombed Libya when it was blowing up airplanes.
Spineless democrats? He had to fight George Mitchell, Metzenbaum, Moynihan, Gore, Kennedy, Bird, Harkin. yeah, spineless.
But oh, Simpson Mazolli happened so single issue dumbasses such as yourself call him a failure.
This post was edited on 9/15/26 at 11:50 am
Posted on 9/15/26 at 12:00 pm to prplhze2000
Posted on 9/15/26 at 12:36 pm to Friscodog
quote:
I was fortunate enough to be a teenager in the 80s. Best decade EVER IMO.
I was 16-26 years of age in the 1980's, perfect timing... 3 years high school, college, then work.... Caught it at the right time... Thanks mom and dad...
Reagan Years all through HS and College...
This post was edited on 9/15/26 at 12:51 pm
Posted on 9/15/26 at 12:48 pm to prplhze2000
There was only one mistake and it's proven to be the driving force in reshaping the country.
"The Immigration Reform and Control Act of 1986, signed by President Ronald Reagan, granted legal status and a path to citizenship to nearly 2.7 million undocumented immigrants".
This was the first step in a divided country.
"The Immigration Reform and Control Act of 1986, signed by President Ronald Reagan, granted legal status and a path to citizenship to nearly 2.7 million undocumented immigrants".
This was the first step in a divided country.
Posted on 9/15/26 at 12:49 pm to el Gaucho
i was downvoting until "el gaucho". well done sir. well done 
Posted on 9/15/26 at 12:52 pm to Friscodog
quote:
I was fortunate enough to be a teenager in the 80s. Best decade EVER IMO.
This.
Nothing to defend.
Shut up Ryan Reynolds.
Posted on 9/15/26 at 12:59 pm to prplhze2000
Loved to watch her workouts as a teenager..
Posted on 9/15/26 at 1:00 pm to prplhze2000
The 80's was a golden age of life in America
Posted on 9/15/26 at 8:59 pm to theCrusher
Every president, no matter how good, has one or two things they mess up. Human nature.
Reagan didn't forsee it would get this bad.
The REAL problem is when Republicans get in power, INCLUDING Trump, they do NOTHING to reverse the Ted Kennedy laws.
Reagan didn't forsee it would get this bad.
The REAL problem is when Republicans get in power, INCLUDING Trump, they do NOTHING to reverse the Ted Kennedy laws.
Posted on 9/15/26 at 9:08 pm to prplhze2000
Jude Wanniski wrote a book called "How The World Works".
It has been proved time and time again, tax cuts lead to increased tax revenue.
How? People have more money to spend. More people are working to produce what the people with more money are purchasing.
More people are paying tax but are paying at a lower rate. However, you must remember that when taxes are too low people get lazy and taxes too high demotivate.
Just find that Laffer Curve and pass The Save Act!!
It has been proved time and time again, tax cuts lead to increased tax revenue.
How? People have more money to spend. More people are working to produce what the people with more money are purchasing.
More people are paying tax but are paying at a lower rate. However, you must remember that when taxes are too low people get lazy and taxes too high demotivate.
Just find that Laffer Curve and pass The Save Act!!
Posted on 9/16/26 at 9:12 am to Timeoday
That is why it's called a curve. Thinking of posting Bartley's The Man From Mars column here. It's half the first chapter of the book.
Posted on 9/16/26 at 9:20 am to prplhze2000
Please do and let me know when. Thanks in advance.
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