The Instigator
Mcscrewdriver97
Pro (for)
Tied
0 Points
The Contender
Badtothebone
Con (against)
Tied
0 Points

Economically, Ronald Reagan had better policies than Barrack Obama

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Voting Style: Open Point System: 7 Point
Started: 5/19/2013 Category: Politics
Updated: 3 years ago Status: Post Voting Period
Viewed: 765 times Debate No: 33886
Debate Rounds (4)
Comments (3)
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Mcscrewdriver97

Pro

I believe that President Ronald Reagan's economic policy was better for the United States of America than that of current President Barrack Obama. Burden of proof is shared, the debate will consist of four rounds, the first for accepting the debate, the second for opening arguments, the third for rebuttals, and the fourth for concluding arguments. This is my first debate so my skills may not quite be up to par.
Badtothebone

Con

why is this still going on. its always OBAMA DID THIS or TAHNKS OBAMA!!!! he is our president and there is not a darn thing you can do about it. Obama tried his best to clean out Bush's poop he had left behind and now EVERYBODY is on his tail now. Reagan had better policies simply because he was not in a crappile at the moment and everybody loved him!!!! if this is because you are some nasty looking redneck who is racist against the ONLYBLACK GUY IN THE OFFICEyou might as well forfeit buddy. because all you gonna talk about is garbage that is found underneath Fox's and CNN's shoes
Debate Round No. 1
Mcscrewdriver97

Pro

1. Reagan's Economic Policy
When Ronald Reagan took office in 1981 he was faced with an inflation rate of 11.83 %, unemployment around 10 %, we were in the midst of one of the worst economic recessions since the 1930's. Instead of trying to propel the economy forward with government spending in the traditional Keynesian manor Reagan decided to instead follow a new path, and adopted the principles of supply side economics, also known as Reaganomics. Reaganomics is based upon a few simple principles, cutting tax rate, reducing government spending, and deregulation. Each of these principles plays off the other and helps create a healthy economy, as I will show below.

A. Tax Rate Reductions

When Reagan took office the top tax rate was a whopping 70 %, when he left it was down to 28 %. You may ask: How does a decrease in tax rate strengthen the economy? Simply put it allows more money in the pockets of the people, and when people have more money they spend more of it on consumer goods thus propelling the economy. Not only this but it increases incentive to work, when you get to keep more of your money you'll work harder to get to make more, and with more people working harder production numbers go up as do sales. These tax rates led to the American economy growing by approximately one-third by the end of the Reagan presidency. Along with that the median family income increased by nearly 20% during the Reagan presidency.

B. Reducing Government Spending

During Reagan's presidency, even with the arms buildup, the government's size and spending was decreased by around roughly 10%. By reducing the size of the government Reagan made the government more efficient and created room, for lower taxes, which propelled the economy and. He started to cut down on social programs that relied on American tax dollars, which made more room for tax cuts, and streamlined the government into a more efficient state.

C. Deregulation

Reagan"s deregulation also greatly improved the American economy in the 1980"s; he recognized that whenever the government tried to interfere in the private sector the results weren"t good. Reagan would go on to eliminate price controls on oil and natural gas, which resulted in oil prices being reduced by 50%. Along with this prices on average everyday consumer goods fell as people bought more and more with production soaring. Reagan"s policies would lead to an unprecedented 25 year economic boom, the likes of which had never been seen.

2. Obama"s Economic Policy

Obama"s economic policy is the opposite of Reagan"s instead of keeping the market free and letting business run itself Obama believes that government interference can help the economy. In the name of saving the economy Obama tried to put through a 1 trillion dollar stimulus package. This was the biggest government sponsored economic package in history billions of the people"s money went into this and it was a huge flop. Obama attempted some tax cuts with this bill but instead of coupling this with deregulation, and reduced government spending, he instead tried to increase spending in this colossal failure of a bill. Along with this Obama has pushed through a new health care reform commonly called Obamacare, into law. Not only does this bill greatly increase our debt, but insures predict it will drive the cost of healthcare up by 100%-400%! This overregulation and government takeover of the healthcare market further adds to Obama"s record of economic failure. Finally these statistics make it more than evidently clear that Obama"s economic policy is inferior to Reagan"s: The median household income which soared under Reagan, has decreased by $4000 under Obama, under Obama more Americans are on food stamps than ever before, the amount of federal income directly given to citizens is up by 32%, and last but not least it is estimated America is losing half a million jobs to China every year.

http://www.forbes.com...
http://articles.chicagotribune.com...
http://washingtonexaminer.com...
http://www.infowars.com...
Badtothebone

Con

Badtothebone forfeited this round.
Debate Round No. 2
Mcscrewdriver97

Pro

Mcscrewdriver97 forfeited this round.
Badtothebone

Con

Badtothebone forfeited this round.
Debate Round No. 3
Mcscrewdriver97

Pro

Mcscrewdriver97 forfeited this round.
Badtothebone

Con

Badtothebone forfeited this round.
Debate Round No. 4
3 comments have been posted on this debate. Showing 1 through 3 records.
Posted by calculatedr1sk 3 years ago
calculatedr1sk
Unfortunate. This was an easy win for Mcscrewdriver... an obvious ff that slipped away because of time restrictions.
Posted by 1Historygenius 3 years ago
1Historygenius
I did a debate on this to. You can look at the ones I did in the past if you want to.
Posted by Ragnar 3 years ago
Ragnar
I look forward to reading this... Hopefully people will not drag their points up to the character limit.
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