Nel's New Day

October 21, 2014

GOP Presidents Have Dismal Records

Filed under: Elections,Uncategorized — trp2011 @ 7:42 PM
Tags: , ,

My favorite letter to the editor this week from the Register-Guard in Eugene (OR):

Regarding Charles Krauthammer’s Oct. 6 column (“Voters will say yes to party of no for Senate”), anyone who agrees with the policies of the last four Republican administrations should support having a Republican-controlled Congress.

To help refresh our memories, here are synopses of those administrations:

George W. Bush, 2001-09 — Two wars; national budget changed from a surplus in 2000 to a deficit by 2008; worst financial crisis since the Great Depression, with worldwide impact; housing market collapses; sub-prime mortgage crisis; soaring oil prices; loss of 2.6 million jobs; Wall Street bailed out.

George H. W. Bush, 1989-93 — Gulf War; recession; $160-billion savings and loan bailout; taxes raised after “no new taxes” pledge.

Ronald Reagan, 1981-89 — Largest peacetime deficit in history increased national debt to $2.85 trillion from $997 billion in 1980; froze minimum wage at $3.35 an hour; lowered top income tax rate to 50 percent from 70 percent; Iran-Contra scandal.

Gerald Ford 1974-77 — Replaced Richard Nixon (1969-74) after Nixon’s resignation due to Watergate scandal; worst recession since the Great Depression; 9 percent unemployment; $53-billion deficit in 1975 increased to $73 billion in 1976; pardoned Nixon.

Anyone who wants that kind of government should, by all means, vote Republican on Nov. 4.

BONNIE C. SMITH

Springfield

Thank you, Bonnie Smith!

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