Sorry you slept through the 80's, meaning didn't prosper.
Most of America didn't prosper, as poverty rates climbed during the 80s, then fell when Clinton was in office, rose again under Bush2, rose until after Obama's first full year in office, and fell the rest of his term. Now, again under repub leadership you can expect poverty levels to start climbing again within the next 2 years. Anyone who thinks the middle class prospered under interest rates averaging over 12% is a fool. A few places that had huge budget busting defense contractors had plenty of tax dollars flowing in, but that wasn't most of the USA.
Much of the economic side of what you posted was due to Carter and started during his term. Reason Reagan won in '80. And Reagan had to give in to Democrat controlled Congress to get what he wanted. Much of the deficit spending was due to Democrats, not Republicans. And in case you forgot Reagan won the biggest landslide victory ever in '84. Plenty of Reagan Democrats. You partisan guys with your revisionist history don't give credit where due.
Homeowners back then saw their income rise faster than housing costs. The middle class did better because they were able to pay off homes faster. Much of the wealth passed on to current generation is due to home equity and savings due to paying off homes a long time ago. And we know what you're all about. Government control of everything, equal outcomes for both achievers and layabouts, and skimming off the top. Not MAGA, but KISS, Keep it Sh***y Still.
So what's your excuse for being a failure then? Good lord you baby boomers are the worst lulz.
It was my father who benefited from fast rising income, not me. I'll get a decent inheritance.
I know the data. Flip side of high interest rates is it was good for savers. And I lived through that period. Much better opportunities than we've had for awhile. I'll take Reagan and Trump over Carter and Obama any day. Clinton's presidency was saved by Republicans taking over Congress in '94 and the dot.com boom. To his credit he governed from the middle after he realized he'd lose in '96 if he didn't.
Income grew faster than housing costs and Reagan got inflation under control. Sorry, the bad years for inflation were under Carter. Know that for a fact because I worked in a supermarket from '78 to '82. And as usual a Democrat goes personal. I bet you are praying every night that things don't get better under Trump.
Like so many other so called " conservative's " he spends half of his time bashing and demonizing Democrats , the other half watching Fox News the GOP information clearing house. The only break they take from it is to go downtown to sign up for Social Security, Medicare, Medicaid when they're headed for a nursing home with only enough personal savings to last a few months and any other circumstance based entitlement program they can qualify for while fully supporting a political party that makes completely clear as to intention to abolish such programs with the only hope for maintaining such programs is for state and local governments to take them over but can't do it without massive tax increases at the state and local level. No what's the sense in that? So he better hope that his Daddy leaves him an inheritance running in the millions.
I saw that one------very interesting.
