Remember Black Sunday!

Remember Black Sunday, March 21, 2010.
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Polls

Who is your favorite BCR author(s)?

  • Jim (53%, 9 Votes)
  • Austin (18%, 3 Votes)
  • BCR (12%, 2 Votes)
  • Roberta (6%, 1 Votes)
  • Mickey (6%, 1 Votes)
  • Susie (6%, 1 Votes)

Total Voters: 17

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I Know I Miss Those Days

I can only imagine one BCR author that will not like this fellow. I was young during his tenure, but I enjoyed his time in office nonetheless. Here was a man we (except Mickey) could all be proud to call our President and I would love to see a return to Reagan conservatism. Obama has squashed HOPE and given us a CHANGE into a socialist nation. Thanks.

Austin

10 comments to I Know I Miss Those Days

  • BCR

    Ah, makes me all warm and fuzzy inside just remembering ….

  • Ya know, we have NOTHING on the horizon that even comes close to the greatness of that man… Nothing…

  • Please, he was Gov. of California and left it in shambles. He said he wouldn’t raise our taxes and he forced through the biggest tax hike in history (at that time).

    • BCR

      Mickey, he left California in great shape. Governor Brown trashed it behind him. “Biggest tax hike in history?” Man, what have you been smoking?

      Reagan implemented policies based on supply-side economics and advocated a classical liberal and laissez-faire philosophy,[103] seeking to stimulate the economy with large, across-the-board tax cuts.[104][105] Citing the economic theories of Arthur Laffer, Reagan promoted the proposed tax cuts as potentially stimulating the economy enough to expand the tax base, offsetting the revenue loss due to reduced rates of taxation, a theory that entered political discussion as the Laffer curve. Reaganomics was the subject of debate with supporters pointing to improvements in certain key economic indicators as evidence of success, and critics pointing to large increases in federal budget deficits and the national debt. His policy of “peace through strength” (also described as “firm but fair”) resulted in a record peacetime defense buildup including a 40% real increase in defense spending between 1981 and 1985.[106]
      During Reagan’s presidency, federal income tax rates were lowered significantly with the signing of the bipartisan Economic Recovery Tax Act of 1981.[107] Real gross domestic product (GDP) growth recovered strongly after the 1982 recession and grew during his eight years in office at an annual rate of 3.85% per year.[108] Unemployment peaked at 10.8% percent in December 1982—higher than any time since the Great Depression—then dropped during the rest of Reagan’s presidency.[109] Eighteen million new jobs were created, while inflation significantly decreased.[110] The net effect of all Reagan-era tax bills was a 1% decrease in government revenues when compared to Treasury Department revenue estimates from the Administration’s first post-enactment January budgets.[111] However, federal Income Tax receipts almost doubled from 1980 to 1989, rising from $308.7Bn to $549.0Bn.[112]

      Wiki

      Also, I remember the war he had with Tip O’Neal and the Democratic Congress. The only way he got what he wanted (tax cuts and defense spending) was to back-off on the cuts he wanted (like elimination of the Department of Education). Since Congress kept on spending on social programs at an increased rate, spending out-paced revenues generating a deficit.Sadly, it was not until Republicans finally took control of Congress that spending was addressed in a serious manner.

  • Susie

    I miss Ronnie. He was plain talking and stuck to his guns!!

  • BCR

    Yep, you were right Austin. Doesn’t like Ronald Reagan but loves the pork-king, RINO supporting Ron Paul :)

  • In Reagan’s Jan,29,1982 State of the Union address he said “I will seek no tax increases this year”.

    In August, 1982, he used all his muscle to get Congress to pass the LARGEST tax increase in our Nation’s history – 227BILLION over five years.

    One individual who shares the view that Mr. Reagan’s political effect has never been conservative is Thomas Gale Moore of Stanford University’s Hoover Institution. In a syndicated column appearing in May 1981, (38) he discussed the much-publicized Reagan plans to cut spending and reduce bureaucratic regulation. But Mr. Moore then cautioned:

    Skeptics find President Reagan’s record as governor, often alluded to during the campaign, far from reassuring, especially since he used much the same rhetoric during his gubernatorial campaigns as appeared later during his campaign for the presidency.

    While in Sacramento, he converted the state income tax into one of the most progressive in the nation, introduced withholding taxes, raised sales taxes, and sharply increased taxes on business.

    While he was in office, California government expenditures increased faster than was typical of other states. Notwithstanding his campaign rhetoric, welfare expenditures alone escalated 61 percent in real terms during his two terms as governor.

    That is hardly a record that should merit the label “conservative.”

    • BCR

      Mickey, I was there. I hated Reagan. I thought he was the anti-Christ (6 letters in his first, middle, last names, 666). You post something without even a single reference, and if you did I bet we would find it to be JBS propaganda.

      You need to spend less time on JBS stuff and more time in a library reading books, because what you posted is not reflective of reality. Now kindly show me this “largest tax increase in history” in the table below. What I see is a tax DECREASE from 13.825% to 12% in 1982 followed by 11% in 1983 for the lower bracket. The higher bracket shows a similar trend.

      Tax Rates
      Bottom bracket Top bracket
      1979-80 14 2,100 70 212,000
      1981 13.825 2,100 69.125 212,000
      1982 12 2,100 50 106,000
      1983 11 2,100 50 106,000
      1984 11 2,100 50 159,000
      1985 11 2,180 50 165,480
      1986 11 2,270 50 171,580
      1987 11 3,000 38.5 90,000
      1988 15 29,750 28 29,750

  • BCR

    By the way Mickey, I recovered some of your comments from the spam bin. I guess someone has added you to the WordPress spam database (wasn’t me). So if you leave a comment and it does not show up, check for it in the spam bin and mark it ‘not spam’. I don’t usually check the bin if there are a lot of spams so you could end up in the trash.

  • Thanks, good to know.