Reagonomics

Which of the Republican presidential candidates would promote Reagonomics? Is Reagonomics the correct course for the future?

I'm not sure. But under President Reagan, even though the budget deficit increased dramatically, some very good things took place:

1. Supply side economics.

a. Budget deficit increased from $700 Million to $3 Trillion.
b. Inflation went from about 11% to about 5%.
c. Income tax rates were decreased significantly; particularly for the rich.
d. Gold went from about $600/oz. to about $400/oz.
e. Oil went from about $30/barrel to about $16/barrel.
f. US stock markets increased about 300%.
g. World stock markets increased about 400%.
h. The US $ strengthened into 1985 and then fell sharply into 1989.

2. Peace through strength.

a. The Berlin Wall came down.

The debates are on.

What are some of the differences this time around that need to be addressed:

1. Is there too much wealth in the hands of too few?
2. How do we pay for social security, medicare and medicaid going forward?
3. How do we deal with rising energy costs?