Loading ...I remember everyone liked him, 1981 to 1989, but nobody realized all our wealth producing tax paying manufacturing jobs FLEW out of the USA ’81 to ’89. FLEW, machinery cars tools clothing everything FLEW or rather given away. Thats why we have a $36 trillion unpaid debt. I was in manufacturing, doing jobs for machinery fabricators and dealers.
To stimulate our economy, Reagon gave tax write offs if businesses would buy expensive machinery. Five years instead of 10 years. All the businesses I did jobs for, took advantage, and bought new machines made in Japan, Korea and China. How dumb was that dumb as a stump idea. The write offs should have been for American made machinery ONLY.
It doesn’t matter anymore, we or the USA has been impoverished the damage has already been done. On top of that, hundreds of millions of Americans gleefully bought imported cars, so they also contributed to the USAs decline.
By the way, I warned the owners of the businesses I worked for, and one by one they all closed down. Gone, finished.
Also during the late 1980s on late night TV, Trump was also warning us about the trade and budget deficits.