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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"Actually, The Reagan Recovery Was All About Big Government Spending"
Actually, The Reagan Recovery Was All About Big Government Spendingby Merrill Goozner at Business Insider
http://articles.businessinsider.com/2012-04-05/politics/31291967_1_government-jobs-unemployment-rate-recovery
"SNIP..............................................
Public sector employment has fallen sharply in the wake of The Great Recession, which is markedly different from every other recession of the past 35 years, according to a new analysis from the Economic Policy Institute.
Government jobs held steady between December 2007, when the downturn began, and September 2009, when it officially ended. That was largely due to beefed up aid to state and local governments contained in the Obama administrations $787 billion stimulus package. When that disappeared, so did more than 600,000 state and local teacher, police, firefighter and other public sector jobs, which added about a half percentage point to the overall unemployment rate
.............................
Which presidents economic recovery benefited most from an increasing number of government jobs? Oddly enough, it was President Ronald Reagan, who successfully ran for re-election in 1984 by proclaiming it was morning in America. Reagan, running in a year when unemployment fell over a percentage point to 7.5 percent, is generally (and incorrectly) remembered as the first conservative president to dramatically shrink the size and role of government.
................................................SNIP"
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"Actually, The Reagan Recovery Was All About Big Government Spending" (Original Post)
applegrove
Feb 2013
OP
rurallib
(62,423 posts)1. Yep - building up war materiels and the armed forces = gummit spending
Paid for with tax increases BTW.
Jim Lane
(11,175 posts)4. Reagan's policies have been called "military Keynesianism"
Military spending tends to be less stimulative, dollar for dollar, than many other government programs, but there is still some stimulative effect.
Angry Dragon
(36,693 posts)2. Republicans forget what raygun actually did
history is nothing to them
JHB
(37,161 posts)3. People always forget the Reagan Stimulus...
National debt when he took office $~1trilion, ~30% of GDP
National debt when he left office $~3trillion, ~50% of GDP
How is two trillion dollars (in 1980s dollars) not stimulative?
KharmaTrain
(31,706 posts)5. What Recovery???
That wasn't the 80s I remember...minimum wage was 3.35 an hour and didn't budge...interest rates were still at 10% well into his second term and real wages and income for the middle class fell...even the market developed a bubble and crashed in '87. The revisionism of St. Ronnie is, as usual, unwarranted...