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Republican Club of the Plantation at Leesburg

The Reagan Presidency
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The Reagan Presidency
Accomplishments
US Bureau of Statistics

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-20 million new jobs were created during the Reagan presidency
(US Statistical Abstract)

-Of these 20 million new jobs:
     -The average hourly wage was $10/hr.
     -46.1% were over $28,048/yr, and another 46.2% were from
      $7,012-$28,048/yr, while only 6% were under $7,012/yr.

-During the Carter administration (1977-80), of the new jobs
created, 41,77% were under $7,012, 68.2% were in the $7,012-
$28,048/yr bracket, and 9.9% of the pre-existing jobs in the
$28,048 and up bracket were actually lost (Joint Economic
Committee, based on data from Bureau of Labor Statistics, US
Department of Labor)

-In 1981, the beginning of Reagan’s presidency, the top 5% of
wage earners paid 35% of federal income taxes, while the bottom
50% paid 8%.  By 1988, the end of Reagan's presidency, the top
5% paid 46% of the federal taxes, while the bottom 50% paid 6%
(Joint Economic Committee, 1990)

-Inflation went down during Reagan’s time in office. In 1980 the
CPI (Consumer Price Index) was 13.5, and in 1984 it dropped to
4.3, and eventually to 4.1 by 1988. (Economic Report of the
President, January, 1993)

-Middle class families earning between $20,000-$50,000/year had
a 28% growth in net worth during Reagan's time in office

-The government brought in increased amounts of tax revenue from
the highest economic quintile during the Reagan Years (55.7
bill. In 1980, 55.9 in 1985, 58.1 in 1989), while the lowest
quintile (2.0, 1.9, 1.6) and the middle quintile (13.4, 13.1,
12.6) both gave increasingly less during those same years
(Congressional Budget Office)

-The US Congress outspent Ronald Reagan's proposed budget
every year he was in office, save 1984 (Budget Message of the
President, FY's 81 to 89)

-The national deficit was approx. 2.6% of the US GNP when
Reagan entered office, and only 1.8% of the GNP when he left
(Congressional Budget Office)

-The Stock Market rose from 777 to 3,000 points during Reagan's
presidency, even after the crash of 1987.

-Both Michael Dell (Head of Dell Computers) and Cypress
Semiconductors CEO, T.J. Rodgers agree that it was Reagan’s
decrease in government regulation and taxes that allowed
computer and electronic entrepreneurs to thrive.

-86% of the poorest economic quintile as of 1979 had experienced
an increase in standard of living by 1988, and 0% a decrease
(US Treasury, Office of Analysis, 1992)

-47% of the middle class quintile from 1979 experienced an
increase in standard of living by 1988, while 33% remained
unchanged and only 20% suffered a decrease (US Treasury, Office
of Analysis, 1992)

-When Reagan took office the unemployment rate was 7.6%. When he
left office the unemployment rate was 5.5%

-During the Reagan presidency, an average of 1.7 million jobs
per year were created, as opposed to only 1.2 million jobs per
year from 1990-95

-The poverty rate fell from 15.2% during the peak of the 1982
recession to 12.8% when Reagan left office (US Bureau of the
Census)

-The average income of the lowest economic quintile increased
from $6,494 in 1980 to $6,994 in 1989

-In 1980 only 5,000 individuals had incomes of $1 million or
more.  By 1988 there were more than 35,000 millionaires and 50
billionaires

-Charitable contributions increased 57% during the 80s, from $65
billion in 1980 to $100 million in 1989

     -Since then:
         -Greenpeace Membership- down 44%
         -Wilderness Society Membership- down 35%
         -National Wildfire Federation Membership- down 14%
         (USA Today, 1994)

-Lawrence Welsh, special prosecutor of the Iran-Contra scandal,
concluded that Ronald Reagan was not responsible for any
deflection of funds to the Contras or otherwise

-There was a higher percentage rate of skilled jobs in the
Reagan era (1980s) than in the 1970s (US Bureau of Labor
Statistics)

-The rate of US manufacturing productivity tripled during the
1980s (US Commerce Department)

 

 

 
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