Yeah, I know. You are surprised.  After all that Reagan said, surely I must jest? Actually no.  Today we have access to data; back then we really didn’t. We depended upon perception and that can be easily flipped with distraction.  Sort of the way the Greenville barons of Delaware have totally destroyed Mike Protack as a viable candidate…  Same thing.  Innuendo, Innuendo, and repetition…

In Carter’s defense this tactic was new, so Carter was sitting up there, like “no, I don’t have to respond to that outrageousness, everyone knows it is not true…”

Funny how things get manipulated…  But look at the Carter years on this chart… 1977 through all of 1980.

Fixed Reinvestment

Free Cash Flow

We had massive investment in our business community.  Jobs, Jobs, Jobs.  What these to charts show, is that America turned its profit from its corporations, to itself.  Investing in capital improvement at the greatest height since figures were started in 1948.  Jimmy Carter still rules the chart….  It is exactly what we lack now.

The top personal bracket was assessed at a rate of 70%…..  yet the effective Corporate Tax rate was steadily falling from its WWII high.

220px-US_Effective_Corporate_Tax_Rate_1947-2011_v2

(Footnote — Notice how the Ronald Reagan recovery of 1983-84 was created?  Increased Corporate tax rates in the Great Reagan Compromise.  Raising taxes is what made Ronald Reagan so well loved and appreciated; not cutting them.   For future reference, just remember the effective corporate rate dropped under Jimmy Carter, and ROSE under Ronald Reagan.)

Social Security was at it’s best ever.

Social Security

Pension Plans at their highest ever…

gr-retirement-trends-624

And for a closer look an employment, one can see here why and where we have lost jobs…

employment breakdown by industry

And most importantly, the era of Jimmy Carter was when the 99% owned it’s highest share of wealth, ever…

Wealth_distribution_over_time

A lot can be said for Jimmy Carter.  He got such a bad rap.  When Ronald Reagan himself was overwhelmingly RE-ELECTED in 1984,  his unemployment level was only 3 tenths of a percent under Jimmy Carter’s back on the previous election day…  If one clicks on the link above which delineates the unemployment rate month by month, ones sees that unemployment did not return to the best of Jimmy Carter’s years, until the waning months of the the Reagan term….

The only class of America that wasn’t better off in the Carter years, was the wealthy….  And that is why, just as today, we had a smear campaign to discredit the person who did the most ever, to help the middle class….

The record shows that America’s middle class peaked in 79.  Then came Reagan.

And if we were totally fair with ourselves, the reason Carter was so throughly dissed was because we were embarrassed with ourselves in the seventies… Our cities in decay, our youth on drugs, the early creative musical giants had dissolved into disco.  We didn’t really like who we were. We had to blame… someone…  After all, this look was actually cool in 1979.

What was cool in 1979

(Thank you Fullerton College)

Gee, no wonder we like Reagan so much…

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