You're living in a fantasy world Carol.<quoted text>
Look at the Reagan years. One of the most prosperous times in our history despite Carter's recession and "malaise". Yes, the democrats tricked him into raising taxes a few times and he raised taxes on certain things himself a few times and, yes, we spent a lot on defense because peace through strength is a wise strategy in a volatile world.
Also, look at the Clinton years and his Republican Congress convincing him to lead right of center and passing all the legislation that reformed Welfare and balanced the budget.
Then take a look at GW Bush's years even after 9/11. The GDP and employment were running very smoothly. Until the Democrats ignored his warnings about the impending housing crisis.
You do know JFK would be considered a staunch conservative in today's world, don't you?
You should be asking the question "when is MY party ever going to get it right again?"
Before Mr. Reagan came to power our National debt was in the billions of dollars. After he left, it was in trillions of dollars. In the eighties the Republicans were boasting about Reagan’s "longest economical expansion". In reality that was the longest period of borrowing and the highest national debt accumulation in the history of our Nation! The Reagan’s “expansion” ended in 1987 with the record numbers of bankruptcies, foreclosures and unemployment. Some expansion! Where did the trillions go? The answer is - to the same 5% of wealthiest Americans, whom the Republicans have always been working for. Under Reagan, they all tripled and quadrupled their fortunes, while the rest of our Country got deeper in debt and recession.
Before Mr. Reagan came to power, the Middle Class America was still strong. After twelve years of Reaganomics the Middle Class was in ruins. Reagan's way of "Union busting" and generous Corporate perks had led to the total domination of Corporate bosses over the “salary caps” for the workers, over the job cuts and moving the jobs abroad. And so, the Middle Class had fallen closer to the poverty line and the Poor had turned into homeless. When the Middle Class goes down, so does the consumer spending. With low consumer spending our Economy hit the skids. That’s how the Reaganomics had thrown entire Country into a deep recession, while some excessive fortunes had “trickled up” into the pockets of the richest Americans with Republican blessings.
Before Mr. Reagan came to power, small businesses, small shopkeepers and small farmers were doing alright. But Republican deregulations had given unfair advantages and tax breaks to the big businesses and to the large farms at the expense of the small ones. That's why by 1987 the small businesses’ and farms' bankruptcies and the unemployment hit the record levels.
Before Mr. Reagan came to power, the Wall Street had been strictly regulated and watched over. After the Republican deregulations, the crooks like Ivan Boskey, Mike Milken and others were given a free hand to swindle and to pillage. Millions of small investors had lost billions of dollars in the "Junk Bonds" frauds and insider trading, while a few over-night billionaires were born at the expense of many ruined American families.
Ronald Reagan might have been a boon for the upper 5% but a disaster for the middle class and the poor.
The crash of the housing market came from nonexistent oversight of mortgage brokers like Countrywide and Indy Mac. It was Republicans who were in charge of both houses of Congress when the housing bubble started so to blame Democrats is totally ridiculous.