whatever said:
LOL. Reagan was by FAR the most overrated president we've ever had. He's given credit for ending the cold war, when it had just as much to do with the president's before him. Reagan is the one that started us down the road of never ending debt and trillion dollar deficits. If the US does eventually go bankrupt, the fault will be placed squarely on Reagan.
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Yeah zfacts.com isn't exactly the most unbiased source though, now is it?
In the interest of fairness lets see what the other side has to say:
"The Reagan years added $1.4 trillion to the federal debt; that much is fact. But that figure is a teeny blip set against the spike in American asset values, a rise created by the tax-cut boom; i.e., a rise created by Dutch himself. When Reagan took office in 1981 the market value of all American assets--stocks, land, crops, houses, commercial buildings, capital equipment, cars, collectibles, precious metals, etc.--was about $16 trillion. When he left office in 1989, that number had doubled to $33 trillion. Consider this bump of $17 trillion next time The New York Times kvetches about the debt and proposes to wipe it out with a tax hike.
Can you imagine a chief executive officer who would refuse to issue $1 of debt in the knowledge that $12 would come back in asset value? Such a CEO would be a shortsighted fool, deserving of a swift kick out the door. Reagan, no fool, never liked deficits but was not unduly troubled by them, either. He pondered his priorities and took out the loan. Then he shattered the Soviet Union and created the conditions for a doubling of American asset value in eight years. For that, Ronald Reagan is the best president of this century. "
-Excerpt from an article written by Rich Karlgaard of Forbes Magazine
Oh, imagine that! There is another side to the story. Crazy isn't it?
PS - Lets not go into the Reagan debate here, the thread is far enough off-topic as it is. I'm sure there are plenty of folks who would debate this in another thread.








