THOM!!!! Reagan's tax cuts were a failure by HIS OWN MEASURE

In February 1981 the Reagan admin wrote of their new economic plan

The program we have developed will break that cycle of negative expectations. It will revitalize economic growth, renew optimism and confidence, and rekindle the Nation's entrepreneurial instincts and creativity.

The benefits to the average American will be striking. Inflation—which is now at double digit rates—will be cut in half by 1986. The American economy will produce 13 MILLION NEW JOBS by 1986, nearly 3 million more than if the status quo in government policy were to prevail. The economy itself should break out of its anemic growth patterns to a much more robust growth trend of 4 to 5 percent a year. These positive results will be accomplished simultaneously with reducing tax burdens, increasing private saving, and raising the living standard of the American family.

Source: http://www.presidency.ucsb.edu/ws/index.php?pid=43427

In reality, just 5 months later, the economy sank into what was then the worst recession since the 30's. Unemployment hit a peak of 10.8% by December 1982... higher than it was under Obama. The unemployment rate remained over 8% for nearly 2 years, from March 82 through January 84.

Source... you'll have to construct your own tables here: http://data.bls.gov/cgi-bin/surveymost?bls


As for the actual job creation numbers under Reagan? At the BLS site http://data.bls.gov/cgi-bin/surveymost?bls you can also run the job numbers.


In February 1981 when that White House reported predicted 13 million new jobs by 1986... the total workforce was estimated to be 108,242,000. In January 1986 the number was 116,682,000.


Where Reagan predicted 13 million jobs... it looks like a mere 8.4 million were created. That's 4.6 MILLION off Reagan's prediction... 1.5 MILLION less jobs than he predicted the old Carter policies would create.


Reagonomics was a utter failure BY HIS OWN MEASURE...yet the Orwellian Right has erased this failure from the minds of GOPers just as they are busy erasing the Bush2 failures.


So why would your guest want to deliberately have the public believe in a FAILED policy? We know the answer, don't we!