The RayGun "expansion" was caused by the FED lowering interest rates from 20% to 8%...
Coming at the start of the Greenspan Bubble Era (Greenspan took over the FED in 1982)... The RayGun policies have finally ended after 20 years...and ENDED VERY BADLY...!
The Middle Class has been on a downhill slide ever since RayGun....true the rich and Wall Street have made huge amounts of money...but they were looting the economy and devaluing the dollar to do it...
If you are arguing that RayGun was the beneficiary of the FEDs move to VERY LOW RATES...and massive serial asset bubbles... Yes...RayGun brought prosperity back to Wall Street...but at a horrible cost to Main Street...which has been in decline since the 80's...and is only now going into its FINAL free fall and collapse...
Curiously the WORST part of RayGun was not his "luck" at getting into office right when the FED was lowering rates from 20% to 5%...
But rather the notion that RayGun had ANYTHING DO TO WITH WHAT HAPPEN...
RayGun started the Republican tradition of lowering taxes and massively increasing spending...which continued through Poppy and Sonny Bush...right up until the final collapse in 2008...
I don't really argue politics...I argue reality...
I have said that Obama will fail...because the economy is a Zombie...
And further that I would like to see a Republican President preside over the coming MASSIVE collapse...which is the result of decades of Wall Street looting since the RayGun Debacle doomed the US economy...
Postscript:
I realize that most people who praise RayGun are doing it out of blind obedience to right wing dogma...but the historical facts just don't support it...
Greenspan and Raygun will be the great villians in the Story of America's Great Decline from 1980 to 2010...the final chapters of which are being written right now...
