Make America Great Again.
I'd like to see us try to capture the Reagan years. Turn around the economy, make it work for women and minorities.
During the Reagan administration, the American economy went from a GDP growth of -0.3% in 1980 to 4.1% in 1988 (in constant 2005 dollars), averaging 7.91% annual growth in current dollars.
[31] This reduced the unemployment rate by 1.6%, from 7.1% in 1980 to 5.5% in 1988.
[32][33] A net job increase of about 21 million also occurred through mid-1990. Reagan's administration is the only one not to have raised the minimum wage.
[34] The inflation rate, 13.5% in 1980, fell to 4.1% in 1988, which was achieved by applying high interest rates by the
Federal Reserve (peaking at 20% in June 1981).
[35]
The
misery index, defined as the
inflation rate added to the
unemployment rate, shrank from 19.33 when he began his administration to 9.72 when he left, the greatest improvement record for a President since
Harry S. Truman left office.
[36] In terms of American households, the percentage of total households making less than $10,000 a year (in real 2007 dollars) shrank from 8.8% in 1980 to 8.3% in 1988 while the percentage of households making over $75,000 went from 20.2% to 25.7% during that period, both signs of progress.
[37]
During the period 1980–88, the percentage of the total population below the poverty level ranged from a low of 13.0% in 1980 and 1988 to a high of 15.2% in 1983, yet dropped 1.2% during Reagan's administration and dropped 3.3% from the high in 1983 to the low in 1988.
[44]