November 15, 1992
"History May Judge Reaganomics Very Harshly" (Nov. 8), by James Risen, says that "Ultimately, Reaganomics was a failure (even though it) may have contributed to rapid economic growth during the 1980s." Say what? Maybe we need more failures like this. How soon we forget the double-digit inflation and double-digit interest rates during the Carter Administration. Is it all President Reagan's fault? Did we not elect the President and the Congress that let this happen? OK, we changed Presidents, but the Congress is still intact.
September 25, 1988
I am a Democrat who believes it is important for the future of the Democratic Party that Bush be elected President. There are signs that the legacy of the past eight years of the Reagan presidency will be economic collapse. In order for the Democrats to rise again it is necessary that the current bloated, wasteful bureaucracy of the Republican debt frenzy bring Reaganomics to its end--to make certain that the responsibility for the serious recession of the next few years be placed in the lap of a Republican Administration.
September 19, 1988 |
Michael S. Dukakis today charged that George Bush is using selective statistics to misconstrue the state of the economy and said the Reagan Administration has left a "sea of Republican red ink that not even Moses could part." "Mark Twain once said that there were three kinds of falsehoods: lies, damn lies and statistics," the Democratic presidential nominee told an invitation-only campaign rally. 'Daily Struggle' "Mr. Bush . . .
CALIFORNIA | LOCAL
January 25, 1986
It seems to me that there are at least two good reasons that cause Sorensen to "pay more in Social Security taxes than for federal taxes." He pays more in Social Security taxes because it is expected that he will need more in Social Security payments to meet his needs when he retires. I paid my Social Security taxes (which increased over the years) and I'm pleased that I have the income from Social Security now. He pays less in federal taxes because "Reaganomics" advocates less tax revenue than is required to meet the debts of the nation.
June 12, 1988 |
Reading about and watching President Reagan's visit to Moscow powerfully suggest that things have changed in the geopolitical sphere since the beginning of this Administration. It prompted me to do a little retrospective on other aspects of the Reagan presidency, particularly Reaganomics. While the domestic economy has not changed as dramatically as U.S.-Soviet relations, there have been some big changes both for better and for worse.
May 8, 1985 |
--Three college students are cashing in with their string of stands offering tourists a chance to have their picture taken with a life-size cardboard photograph of President Reagan. The company, called Innovative Ideas Inc., has grown in one year to several stands in Washington and five others in nearby cities, more than 15 employees and monthly profits in six figures, said the owners.
August 30, 1992 |
Somehow, somewhere along the line, connections had been frayed and confidence lost. Conceived in the ashes of Watts, this was supposed to be a municipal administration built to absorb ethnic shocks. In a city of so many colors, of so much wealth and poverty, it was expected to keep the peace. But on a single evening in late April, the flames that lighted the Los Angeles sky revealed that despite its multiracial hues, Mayor Tom Bradley's model City Hall was powerless to keep the lid on.
October 21, 1987 |
American Robert M. Solow, a Keynesian economist sharply at odds with President Reagan's free-market policies, today won the Nobel Prize in economics. Solow, of the Massachusetts Institute of Technology, was cited for publishing a mathematical formula in 1956 "describing how increased capital stock generates greater per capita production." The 63-year-old Solow, who was an adviser to Presidents John F. Kennedy and Lyndon B.
January 22, 1986 |
--If art reflects life, then a farmer's "Reaganomics Machine" reflects his frustration with the current state of agriculture. Tim Dinklage, who farms 750 rented acres near Avoca, Iowa, said the depressed farm economy and his inability to harvest corn through a wet fall pushed him to a personal protest of government bureaucracy. Dinklage, a Republican who voted for President Reagan, recently combined pieces of farm equipment into one symbolic sculpture dubbed the "Reaganonomics Machine."
July 1, 1990 |
President Bush is reversing Reaganomics. Bush's statement last week that "tax revenue increases" will be needed to cut the budget deficit signals a return to the way things were before the 1986 tax reform lowered income tax rates, reduced the number of tax brackets and got more people to pay. In the future, the tax system will go back to more graduated brackets, with an offsetting increase in deductions, and capital gains will be taxed at a lower rate than ordinary income.