Where the hell are you getting these numbers Carol? According BLS data the number of jobs created during Reagan's two terms was 16,102 that's an average of 8051 jobs per term. Jimmy Carter's single term produced 10,399 jobs so Reagan's job creation isn't all that impressive. Under Clinton who actually raised the top tax rates the number of jobs created were 22,740. Another uncomfortable fact Carol is that unemployment was going down when Reagan took office and then exploded into double digits.Obama could learn from Reagan:
Thanks to the 1981 act, 20 million new jobs were created. Inflation dropped from 13.5% in 1980 to 4.1% by 1988 and unemployment fell from 7.6% to 5.5%.
The net worth of families earning between $20,000 and $50,000 annually grew by 27% at the same time the real gross national product jumped by 26%. The prime interest rate was slashed from 21.5% in January 1981 to 10% in August 1988.
The amount of individual tax revenues rose from $244 billion in 1980 to $446 billion in 1989. Total tax revenues jumped grew by almost 100%, rising by 99.4% during the 1980s producing 92 months of healthy economic growth - the longest period of peacetime in the post WWII period.
Marginal tax rates were cut from a top rate of 70% to 28% while revenues to the U.S. government from all taxes nearly doubled – increasing from roughly $500 billion to an astronomical $1.1 trillion in 1990 - benefiting the Clinton administration.
What can we say about Obama's big government policies, higher taxes and excessive federal government regulations?
Tax revenues didn't double under Reagan Carol, that's a lie. Tax revenues as a percentage of GDP actually fell in his first term and were stagnant in his second. Under Clinton revenues rose and actually exceeded expenses in his last four years. Until the Reagan administration the national debt had been decreasing at a steady pace. The supply-siders turned a 32-year winning streak into a debt disaster that continues to this day. For 20 years, under Reagan and the Bushes, the national debt increased compared to GDP every single year. In most other years it decreased.
The net worth of the average poor family earning less than $10,000 per year fell from $3,800 to $2,300. The net worth for middle class families, meanwhile, hardly changed; for those earning between $20,000 and $30,000, the average net worth went from $36,900 to $37,000 during the period.
Many of the gains for the wealthy came in the form of financial assets -- checking and savings accounts, certificates of deposit, and stocks and bonds.