Join Date: Jun 2012
Location: New Orleans, LA
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Re: Election Discussion Thread
Yeah he created more jobs overseas through outsourcing. He was the one who advocated the trickle-down economic strategy that hasn't been effective ever since.
Outsourcing is just something that happens when you use free trade policies. When you can get something for cheaper without paying import/export taxes, businesses would be stupid to buy something that costs more just because it's made here. After all, they are in the business of making money first and foremost.
Regardless of Reagan's free trade, he created 16 million United States jobs while Federal revenue went sky high, a fact that cannot be disputed despite the claim that more jobs could have been made had he not laid the groundwork for free trade down the line.
I'm no Reagan fan, by the way. The guy had his drawbacks. I wasn't even alive during his Presidency and was simply answering why people liked him so much.
Last edited by Glass Shatters; 09-28-2012 at 05:58 PM.
Reason: Fact checked.