Supply side economy
Name: Williams Whiteley
Position: Supply-Side is the best policy for our leaders
Sources Cited: http://www.youdebate.com/DEBATES/REAGANOMICS.HTM http://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms http://mjperry.blogspot.com/2007/05/jfk-supply-side-economics.htmlhttp://www.cato.org/pubs/pas/pa261.pdf Reasoning:
When Reagan was in office he created eight million new jobs and employment fell.
There was also an eight percent growth in private wealth while Reagan’s term was going on.
Initially when Reagans term began there was a 12.5 percent average for inflation, when he left inflation was only 4.4 percent. He lowered it by 8.1 percent.
Interest points also fell 6 points while he was in office.
When JFK was in office there was a 3.12% increase in jobs throughout his term, he made a tax cut to fix the recession and made jobs along the way
While Clinton was in presidency he used supply side economics and grew revenue by 35%.
JFK cut the top tax rate percentage from 91% in 1960 down to 70% in 1961. He also cut the bottom tax rate from 20% to 14%. This was a very good thing because it got America out of the recession in the 60’s
President Regan had an average economic growth rate of 3.2% while he was in office and also grew the average family income from just $36,000 to $40,000. That is quite an astonishing growth rate of $1,000 per every 2 years.
Real economic growth averaged 2.1 % during the Bush Clinton years versus 2.8 percent during the Ford-Carter years and 3.2% during the Reagan years.
Reagan took office in 1981, the unemployment rate was 7.6 %. During the recession of 1981 and 1982 the rate peaked at 9.7%, but it went down at a steady pace for the rest of his term. Reagan left office; the unemployment rate was 5.5 %. This reduction of the unemployment rate was huge success of the Reagan program.
When JFK made tax cuts, 1963 to 1966, unemployment dropped from 5.6 % to 3.8 % while GNP grew 5.7% annually.
Position: Supply-Side is the best policy for our leaders
Sources Cited: http://www.youdebate.com/DEBATES/REAGANOMICS.HTM http://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms http://mjperry.blogspot.com/2007/05/jfk-supply-side-economics.htmlhttp://www.cato.org/pubs/pas/pa261.pdf Reasoning:
When Reagan was in office he created eight million new jobs and employment fell.
There was also an eight percent growth in private wealth while Reagan’s term was going on.
Initially when Reagans term began there was a 12.5 percent average for inflation, when he left inflation was only 4.4 percent. He lowered it by 8.1 percent.
Interest points also fell 6 points while he was in office.
When JFK was in office there was a 3.12% increase in jobs throughout his term, he made a tax cut to fix the recession and made jobs along the way
While Clinton was in presidency he used supply side economics and grew revenue by 35%.
JFK cut the top tax rate percentage from 91% in 1960 down to 70% in 1961. He also cut the bottom tax rate from 20% to 14%. This was a very good thing because it got America out of the recession in the 60’s
President Regan had an average economic growth rate of 3.2% while he was in office and also grew the average family income from just $36,000 to $40,000. That is quite an astonishing growth rate of $1,000 per every 2 years.
Real economic growth averaged 2.1 % during the Bush Clinton years versus 2.8 percent during the Ford-Carter years and 3.2% during the Reagan years.
Reagan took office in 1981, the unemployment rate was 7.6 %. During the recession of 1981 and 1982 the rate peaked at 9.7%, but it went down at a steady pace for the rest of his term. Reagan left office; the unemployment rate was 5.5 %. This reduction of the unemployment rate was huge success of the Reagan program.
When JFK made tax cuts, 1963 to 1966, unemployment dropped from 5.6 % to 3.8 % while GNP grew 5.7% annually.
Cited: When JFK made tax cuts, 1963 to 1966, unemployment dropped from 5.6 % to 3.8 % while GNP grew 5.7% annually.