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[your name here]. Introduction  Reaganomics - holds that reduced income tax rates increase GDP growth.  The Left Says: "The 1980s were "a time of Reaganomics,

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Presentation on theme: "[your name here]. Introduction  Reaganomics - holds that reduced income tax rates increase GDP growth.  The Left Says: "The 1980s were "a time of Reaganomics,"— Presentation transcript:

1 [your name here]

2 Introduction  Reaganomics - holds that reduced income tax rates increase GDP growth.  The Left Says: "The 1980s were "a time of Reaganomics, burgeoning yuppies, and the Decade of Greed."(Lauer, 2003)  Conservatives: “It is odd that economic growth when a conservative is president is called "greed," while economic growth when a liberal is president is called "prosperity."

3 Social Composition of the Decade  Increased homeless among the poor.  Increased crime rates.  Reduced low-income housing  Put low- skilled workers out of jobs.  Deprived the needy of medical care.  Increased hunger in urban and rural slums.

4 Social Composition of the Decade  18 million new jobs created.  Periods of full employment.  70 % increase in Social welfare outlays.

5 Economic Composition of the Decade  Corporate Contributions to charities -10% increase  Inflation - Outstripped by 6%  Fueled the longest economic expansion.  Low inflation and interest rates.  96 months of continuous economic growth.

6 Economic Composition of the Decade  Work force tax revenues: average of $20 billion/year increase.  Taxpayers: Top 10 % income bracket - paid 55 % 90 % of the taxpayers – paid 45 %. less than $20,000 a year earner  paid nearly 20 percent% of all taxes.  1988 – only paid 7% of all taxes.

7 Political Composition of the Decade  Congress over-spending from the tax collected.  Budget proposal not followed.  Federal government spent $590 billion.

8 Effect on the 80’s Political Climate  Left-wingers always have despised Mr. Reagan.  Reagan received full measure from the people.  Political division  People concept was politically influenced.

9 Conclusion  Reaganomics received both positive and negative feedback.  Did Reaganomics did not stint on social spending. No!  Reaganomics increased the popularity worldwide.  Applied not only in US but in some other countries too.

10 References A BUM RAP. Richmond Times: &Fmt=3&clientId=2606&RQT=309&VName=PQD Facta say Reaganomics worked. Times – Picayune: 5&sid=4&Fmt=3&clientId=2606&RQT=309&VName=P QD Lauer, M. ( December 31,2003). NBC Show Today as cited by Media Research Center's CyberAlert: 231.asp


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