Bacon's Rebellion

Democracy Thrives in Sunlight

Second Map of the Day: Where the Young People Are Going

—

by

James A. Bacon
in

Source: Weldon Cooper Center for Public Service
Source: Weldon Cooper Center for Public Service

If the future of Virginia resides with its young people, we can see from the map above that some regions are a lot better off than others.

Luke Juday, several of whose maps I have re-published on Bacon’s Rebellion, has moved to the Weldon Cooper Center for Public Service, where he has begun posting on the Demographics Research Group’s StatChat blog. In this map, he shows where the Millennials moved between their teen years and their 20s by showing in tan/brown/red the localities that exported young people and in green the localities that imported them. (Yellow jurisdictions were a wash.)

The big gainers: Northern Virginia, urban-core cities and college towns. The losers: most everybody else.

— JAB

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26 responses to “Second Map of the Day: Where the Young People Are Going”

  1. cpzilliacus Avatar
    cpzilliacus

    Jim, I commend you for sharing these maps. Very informative.

  2. larryg Avatar
    larryg

    and I commend both Jim and Luke and I’m better that Luke has some blockbuster maps in his future and lucky was Weldon Cooper for getting him and recognizing the importance of these kinds of maps these days.

    thank you.

  3. Darrell Avatar
    Darrell

    You sure those aren’t voting maps from the past several elections? Green = Blue, and Red is dead.

    https://upload.wikimedia.org/wikipedia/commons/4/43/2013_virginia_gubernatorial_election_map.png

    1. DJRippert Avatar
      DJRippert

      I don’t know Darrell …

      Cuccinelli actually won the youth vote.

      http://www.politico.com/story/2013/11/ken-cuccinelli-bright-spot-young-voters-99568.html

      I have a sneaking suspicion that there may be something going on. I call it “the kids of the hippies” vs “the kids of the hippie backlash”. The Baby Boom generation is generally seen as Americans born between 1946 and 1964. That’s 18 years. Divide that generation into two halves. Those born between 1946 and 1955 and those born between 1956 and 1964. The first half of the generation turned 18 between 1964 and 1973. They were the hippies. The second half turned 18 between 1974 and 1982. They were the hippie backlash. The hippies went to Woodstock, took over the college ROTC buildings, claimed that they would change the world and generally acted out. The hippie backlash preferred parties to protests, sports to folk festivals and saw John Lennon and Yoko Ono as inexplicable publicity hounds rather than modern day gurus. The hippies voted for Humphrey and Carter. The hippie backlash voted for Ford and Reagan.

      My bet is that the children of these two groups will be as different as their parents. The children of the hippies have been the catalyst for the half decade long economic and foreign policy disaster known as The Obama Administration. However, the children of the hippie backlash are now voting. And guess what? In Virginia at least, they seem to prefer Cuccinelli.

      1. larryg Avatar
        larryg

        DJ – I think you’re gonna have to revisit your analysis a bit…

        what age group/generation is tolerant of same-sex marriage?

        and what is Cucinnelli’s position on those kinds of issues?

        1. DJRippert Avatar
          DJRippert

          I see no reason to doubt the CNN exit poll. Cuccinelli handily won the 18 – 24 year old vote. Same-sex marriage is a single issue. You can miss a demographic group on a single issue but still get their votes. It’s been 6 years since the 2008 meltdown. Today’s 18 to 24 year olds were between 12 and 18 when Lehman failed. Their entire adult lives have been lived in economic stagnation accompanied by the windage of a big government president who keeps saying that more government is the answer while the employment rate tests new lows on a monthly basis. What Obama is to these young adults is what Carter was to the hippie-backlash generation: proof that big government doesn’t work. Which is why Cuccinelli’s high order theme of small government makes sense to the children of the hippie-backlash.

          1. larryg Avatar
            larryg

            I’ll have to check out that poll but the conclusion reached sounds pretty sketchy to me.

            but what is the do da can Obama do – by himself – to help the job situation when Congress has done everything they could to actually harm the economy?

            Have you looked at Congress approval rating compared to the POTUS?

            as usually DJ -you are lurching off into the wrong direction here.

            No modern young person who truly understands Cucinelli’s politics is going to be happy with them – and pray tell what Cucinelli’s plan for jobs is when he’s not flagellating on social issues?

            but let me check that poll.. and get back..

          2. larryg Avatar
            larryg

            okay. how many in that group – turn out to actually vote?

            but regardless of the number – do you seriously think that age group in places like NoVa and college towns – and blacks and Hispanics and women would vote for Cucinelli?

            I think I hear a cuckoo clock in the background here..

            😉

          3. LifeOnTheFallLine Avatar
            LifeOnTheFallLine

            “accompanied by the windage of a big government president who keeps saying that more government is the answer”

            This is patently false. Even with his “My Brothers Keeper” proposal, President Obama kept leaning on the “business” and “philanthropy” crutches. The fact is, Obama is a third-way Democrat who seeks free market solutions even in places he shouldn’t whose ability to even try to use Big Government has been hobbled by an intransigent House of Representatives.

            “while the employment rate tests new lows on a monthly basis.”

            This is also patently false, unless that’s a typo and you meant to say UNemployment:

            http://www.tradingeconomics.com/united-states/unemployment-rate

            “US unemployment rate hit a new five-year low of 6.6 percent in January of 2014.”

            http://www.bls.gov/news.release/empsit.nr0.htm

            “The number of long-term unemployed (those jobless for 27 weeks or more), at 3.6 million,
            declined by 232,000 in January. These individuals accounted for 35.8 percent of the
            unemployed. The number of long-term unemployed has declined by 1.1 million over the year.
            (See table A-12.)

            After accounting for the annual adjustment to the population controls, the civilian labor
            force rose by 499,000 in January, and the labor force participation rate edged up to 63.0
            percent. Total employment, as measured by the household survey, increased by 616,000 over
            the month, and the employment-population ratio increased by 0.2 percentage point to 58.8
            percent. (See table A-1. For additional information about the effects of the population
            adjustments, see table C.)

            The number of persons employed part time for economic reasons (sometimes referred to as
            involuntary part-time workers) fell by 514,000 to 7.3 million in January. These individuals
            were working part time because their hours had been cut back or because they were unable to
            find full-time work. (See table A-8.)

            In January, 2.6 million persons were marginally attached to the labor force, little changed
            from a year earlier. (The data are not seasonally adjusted.) These individuals were not in
            the labor force, wanted and were available for work, and had looked for a job sometime in
            the prior 12 months. They were not counted as unemployed because they had not searched for
            work in the 4 weeks preceding the survey. (See table A-16.)

            Among the marginally attached, there were 837,000 discouraged workers in January, about
            unchanged from a year earlier. Discouraged workers are persons not currently looking for
            work because they believe no jobs are available for them. The remaining 1.8 million persons
            marginally attached to the labor force in January had not searched for work for reasons such
            as school attendance or family responsibilities. (See table A-16.)”

          4. larryg Avatar
            larryg

            from time to time.. some folks in BR, like DJ get a bit into their FAUX News kool-aid cups…

            very regrettable…

            😉

            we have bridges falling down and a need to upgrade our electric grid … wi-fi in all of our schools – etc – all things that the POTUS has suggested would provide jobs and improve the economy especially for the young – and the answer from the GOP in Congress has been relentlessly consistent – HELL NO – not until you repeal Obamacare!

            so much for concerns about unemployment and the younger generation…

      2. larryg Avatar
        larryg

        DJ – I think you’re gonna have to revisit your analysis a bit…

        what age group/generation is tolerant of same-sex marriage?

        and what is Cucinnelli’s position on those kinds of issues?

      3. LifeOnTheFallLine Avatar
        LifeOnTheFallLine

        This, of course, ignores the elephant in the room that is the American War in VietNam (which had broader support among the college educated than those with a high school education) and its draft. Those that turned 18 between 1974 and 1982 no longer had the draft as a class unifier and divergent political interests started to emerge. It wasn’t any backlash to the hippies, it was a backlash to stagnating economy that had been dragged down by that war and hadn’t been helped by Nixon’s price and wage controls. It was also a backlash to scandal after scandal out of the White House that started with all of LBJ’s lies to perpetuate VietNam rolled through to the Pentagon Papers then Watergate and then Ford’s cowardly pardon of Nixon. Then the chickens of Operation Ajax finally came home to roost on Carter’s White House lawn.

        In the midst of all this rose a very skilled liar with connections and staff that dated back to Nixon’s criminal operation who was willing to jabber about “morning in America” with a twinkle in his eye and tell the American people “government is the problem.” He wasn’t right, but for the past decade or so they’d seen little evidence he was entirely wrong. The media rolled over for him (read On Bended Knee by Mark Hertsgaard wherein media members admit this) and most whites were willing to look the other way while he stirred the pot of their racial resentments by ramping up Nixon’s Southern strategy with the aid of Lee Atwater.

        But, sure, “hippie backlash” makes way more sense.

      4. LifeOnTheFallLine Avatar
        LifeOnTheFallLine

        And the real takeaway from CNN’s exit poll is that we should be kissing the feet of black women for saving us from Ken Cuccinelli as governor.

        1. larryg Avatar
          larryg

          re: hippies vs anti-hippies

          DJ talks like these are not mom/dads and kids in the same generational timeline…

          like they spring up from different ancestors…

          😉

  4. FreeDem Avatar
    FreeDem

    Let’s go through this.

    That big splash of green in Southwest Virginia? Blacksburg, home of Virginia Tech. Check.

    Some green dots for Roanoke, Lynchburg, Lexington, and Harrisonburg throughout Western Virginia. Check.

    Prince Edward County? Farmville, college town, check.

    Hip and happening Charlottesville and Albemarle. Go Hoos. Check.

    Metro Richmond, the sprawl of Northern Virginia, and even parts of Hampton Roads (going all the way up to W&M’s Williamsburg on the peninsula). Check.

    No surprises except for …

    Richmond County on the Northern Neck sticks out, a place that’s going better than its fellow Northern Neck neighbors.

    Greensville and Sussex state out, especially in contrast to the decline in Emporia.

    I wonder what’s going on in these three outliers. Most of the red counties have no hopes of suddenly founding a public university, or relocating themselves closer to major metropolitan areas. But maybe they could learn from these few rural counties that have managed to attract more younger people.

    1. NewVirginia Avatar
      NewVirginia

      http://statchatva.org/2014/02/27/what-are-the-young-people-up-to-these-days/

      The second map – after this one that Jim posted – shows the change in 20-somethings as a proportion of the overall population and is more helpful for understanding where this shift is bigger than you would expect and where it’s just business as usual. It’s even more perplexing to me because on that one, Richmond County is declining and the other Northern Neck counties are on the rise.

      1. larryg Avatar
        larryg

        One of the real benefits of visualizing data – especially geographically is to “reality-check” it and/or to perhaps find some insight you might have missed in looking at a data melange.

        any geographic chart showing a majority of young people in college towns or NOVA voting for a anti-women, anti-gay candidate like Cuccinelli gets my BS meter to jiggling…and in my view normally would make DJ skeptical also.

        similarly on a different scale – showing a large number of young people migrating to a geographic area without a substantial base of employment or perhaps a (wrong) perception of a lack of jobs.. – at least pushes us on to better informing ourselves.

        I know of no great upturn of jobs in Northern Neck. it’s kind of out of the way of typical economic growth – unless perhaps there is a construction boom of second/retirement homes, etc.

        Part of our basic problem is that we’re all ignorant – on a wide variety of different things. It does not mean we are unintelligent or uninformed – only that there is a world of stuff we don’t know that we can become better informed on.. and of course – to trust but verify – data.. it’s way, way too
        easy to manipulate data these days to portray things different from reality.

        1. Ghost of Ted Dalton Avatar
          Ghost of Ted Dalton

          These maps are pretty devastating to the idea of “conservatives” having much, if any, role in Virginia in the future. Exhibit A: Albemarle County. As long as there’s been a Cville/U.Va./Albemarle dynamic, there’s been the old saw, “The University may make the city liberal, but the county’s conservative.” No longer….Obama carried the County in 08 and 12. Kaine defeated Allen (who used to represent Albemarle) 58-41 in the county. McAuliffe won the county and the Board of Supervisors is 5-1 Democrat. I expect this is going to be very true of a lot of localities.

          I think Bacon’s correct and incorrect on his 2 main hypotheses. First, his ideas on growth are going to be very appealing to this generation. Second, it’s pretty obvious that these maps indicate that the future is the major university. This idea of “disruptor” by online schools is ridiculous. Why? Because private corporations are so wrapped up in universities nowadays. I believe that at VT according to a report I recently viewed, approximately 95 different companies have a stake in the research (and are contributing to it) going on there. Not startups either, but Fortune 500 companies. I’m sure the same’s true for U.Va. I expect the next few decades will see the increase in influence/size of major universities. Now, a lot of smaller schools and less research intensive schools may fall by the wayside. But I expect the “biggies” to get much bigger as they basically become appendages to the latest and greatest corporate research/funding.

          As to the idea of “green” in the second map, it’s quite deceiving for a few localities like the Northern Neck/Danville.

          Here’s why: As I understand it, it’s the proportion of 20 somethings to the rest of the population.

          Danville and the Northern Neck have been the oldest parts of the Commonwealth for a long time (decades). So…..if 20 somethings just decline slower than the death rate…they “rise” as a proportion of the population. I have a very good friend who lives in the Neck. He would spit out his coffee if he heard any “positive” economic/demographic news. He’ll tell you that the Neck has been in decline for a good 20 years. Obviously, big money coming to the water has lead to some pseudo-positive news. But, these are basically big-money folks who simply keep a home on the water. They’re not creating jobs/economic growth in the sense of organic business development. They’re simply visiting on the weekends/summer or retiring there. They’re not really developing enterprises that make a healthy community.

  5. DJRippert Avatar
    DJRippert

    Obama Administration talking points vs reality …

    We are now at the point in the failed Obama presidency where blaming Bush no longer works and everybody who cares to look sees the failures of this Administration. So, the DNC and the government puts out intentionally misleading statements along with some outright lies. Progressives who have been taught to blindly follow liberal Democratic politicians either become confused by talking points or willfully add to the dishonesty in an attempt to evade responsibility for their support of this failed Administration.

    As we all know, the manipulated, phony – baloney US unemployment rate fails to even count people who have stopped looking for work or even temporarily halted their search for a job. In a twist that only an Obama-phile could love the unemployment rate goes down when enough people finally give up looking for a job at all. Obviously this is an asinine way to view the overall economy.

    The employment rate shows what percentage of Americans aged 16 and older have some sort of employment. Here is that data:

    http://data.bls.gov/timeseries/LNS12300000

    Sorry, Obama fans but that’s the real story of employment in America and Obama’s so-called “recovery”.

    The other important consideration is real median household income. Why? Because employing Americans who want jobs is a key attribute but getting paid decently is also critical.

    Real median household income went from $56,538 to $56,938 from 2000 to 2008. This is the income stagnation that the few economically alert progressives in America complained about as a failure of the Bush years. Stagnant real median household income is indeed a failure. However, real median household income in America is now $52,297. There was slight improvement from the low in 2011 but that statistic has gone sideways though 2012 and 2013.

    Let’s review:

    The percentage of Americans over 16 who are employed fell from 63.4% in 2006 to 58.6% today. The Obama Administration hasn’t budged that statistic an inch.

    Meanwhile, those lucky enough to actually have jobs under the Obama regime are making far less than they made from 2000 – 2008 (in real terms). In fact, real median household income today is 7.5% lower than it was in 2000 and 8.2% lower than it was in 2008.

    Sorry liberals but those are the facts of the “Obama Recovery”.

    Now, shall we all blame Bush some more? After all, Obama has only been in office 5+ years.

    1. larryg Avatar
      larryg

      re: the koolaid that DJ is now consuming in prodigious quantities

      ” We are now at the point in the failed Obama presidency where blaming Bush no longer works and everybody who cares to look sees the failures of this Administration. So, the DNC and the government puts out intentionally misleading statements along with some outright lies. ”

      what lies? (be specific) and what the H-E double LL does the DNC have to do with anything any more than Karl Rove does?

      DO you even know who the head of the DNC is?

      “Progressives who have been taught to blindly follow liberal Democratic politicians either become confused by talking points or willfully add to the dishonesty in an attempt to evade responsibility for their support of this failed Administration.”

      this is rich.. when one considers the “talking points’ coming for the GOP these days… one lie after another – even to each other when it comes to issues like immigration and health care.. they cannot even agree among themselves what they support or not.. tell me what the GOPs’ “plan” is… beyond FAUX news talking points?

      have you seen the poll ratings for the GOP Congress these days by the way? Have you seen the polls of self-identified Republicans for the minimum wage and similar verses the GOP party itself? Immigration? Same sex marriage?

      “As we all know, the manipulated, phony – baloney US unemployment rate fails to even count people who have stopped looking for work or even temporarily halted their search for a job. In a twist that only an Obama-phile could love the unemployment rate goes down when enough people finally give up looking for a job at all. Obviously this is an asinine way to view the overall economy.”

      blah blah.. anti-govt conspiracy theories.. where were your conspiracy theories prior to Obama?

      “The employment rate shows what percentage of Americans aged 16 and older have some sort of employment. Here is that data:

      http://data.bls.gov/timeseries/LNS12300000

      Sorry, Obama fans but that’s the real story of employment in America and Obama’s so-called “recovery”. ”

      wait.. you’re saying the govt lies and then you’re using govt data to prove it?

      JESUS DJ.. you sound just like a tea party guy.

      “The other important consideration is real median household income. Why? Because employing Americans who want jobs is a key attribute but getting paid decently is also critical.

      Real median household income went from $56,538 to $56,938 from 2000 to 2008. This is the income stagnation that the few economically alert progressives in America complained about as a failure of the Bush years. Stagnant real median household income is indeed a failure. However, real median household income in America is now $52,297. There was slight improvement from the low in 2011 but that statistic has gone sideways though 2012 and 2013.

      Let’s review:

      The percentage of Americans over 16 who are employed fell from 63.4% in 2006 to 58.6% today. The Obama Administration hasn’t budged that statistic an inch.

      Meanwhile, those lucky enough to actually have jobs under the Obama regime are making far less than they made from 2000 – 2008 (in real terms). In fact, real median household income today is 7.5% lower than it was in 2000 and 8.2% lower than it was in 2008.”

      you know what’s a lie? It’s when you saying something happens UNDER a POTUS to imply that the POTUS was directly responsible for it instead of being truthful about the reality of economic things that occur often no matter what the POTUS does or not… you know like when the economy went totally belly up UNDER George Bush who stood at the podium totally clueless as to why he was advocating a bailout of Wall Street.

      “Sorry liberals but those are the facts of the “Obama Recovery”. ”

      you can’t have a recovery when the GOP refuses to support common-sense things like repairing our infrastructure – like they did under Bush and Clinton.

      Now, shall we all blame Bush some more? After all, Obama has only been in office 5+ years.

      blame Bush for the total economic meltdown that nearly took us into another depression?

      why? George was clueless about it.. how could he have caused it?

      he was mainly interested in kidnapping and torturing bad guys and telling the SCOTUS it was none of their business.. he did not have time for the economy. The worst you can say about Bush was that he and Greenspan were totally asleep at the switch while Wall Street was running amok with “Irrational exuberance”.

      Bush was simply too dumb to be responsible.. the economy cratered and he never even knew why…

      1. DJRippert Avatar
        DJRippert

        I just watched Obama’s video speech. He crowed about adding 8.5M jobs since taking office. Unfortunately, from 2000 – 2010 America had over two million citizens move into the 18 – 65 age bracket per year. So, over more than a 5 year period we needed to add 10 million jobs just to keep up.

        Please tell me how it’s anything but deceptive to pat yourself on the back for adding 8.5M jobs when you know that is insufficient job growth to account for population growth.

        Do you believe the New York Times?

        http://economix.blogs.nytimes.com/2013/09/06/population-growth-outpaces-jobs/?_php=true&_type=blogs&_r=0

        Obama is a like a used car salesman directing the customer’s attention to the bright new paint job while failing to mention the destroyed transmission.

        It’s time to start calling this guy on what’s really happening.

        There is no recovery. Only stagnation of employment and a catastrophic drop in real median incomes.

        1. larryg Avatar
          larryg

          “I just watched Obama’s video speech. He crowed about adding 8.5M jobs since taking office. Unfortunately, from 2000 – 2010 America had over two million citizens move into the 18 – 65 age bracket per year. So, over more than a 5 year period we needed to add 10 million jobs just to keep up.

          Please tell me how it’s anything but deceptive to pat yourself on the back for adding 8.5M jobs when you know that is insufficient job growth to account for population growth.”

          because all politicians including Bush did it… and because he DID support the few things that did get enacted that did increase jobs – like the stimulus and like expiration of the tax cuts. Neither were enough to get us totally back on track.

          Do you believe the New York Times?

          http://economix.blogs.nytimes.com/2013/09/06/population-growth-outpaces-jobs/?_php=true&_type=blogs&_r=0”

          yes I do but again I ask you – what specifically can the POTUS do by himself to fix this? Then I would ask you what the people who do have the ability to influence jobs – have done – in Congress?

          “Obama is a like a used car salesman directing the customer’s attention to the bright new paint job while failing to mention the destroyed transmission.”

          different than Bush or Clinton or Reagan? He’s a politician guy. why are you using a double standard with him alone?

          “It’s time to start calling this guy on what’s really happening.”

          no.. you’re talking in FAUX news language now.. this is their shtick and you never heard it under Bush.

          “There is no recovery. Only stagnation of employment and a catastrophic drop in real median incomes.”

          there is no recovery not because of anything this POTUS could do himself …

          there is no recovery – because the GOP Congress refuses to do – things they did under Bush and Clinton.

          be truthful here DJ.. stop channeling FAUX news idiocy.

          I’m not defending Obama here.. he’s a politician.. like all politicians.. and he has some big flaws – he’s not an old white guy willing to make back room deals with crony capitalists… a damn near fatal condition…

          THe GOP are idiots. they cannot even agree among themselves what they think should be done.. they hate each other almost as much as they hate Obama.. and you think they are more fit to govern?

          yes indeedy…. NOT! you know if they really had a GOP Plan – one they would support as a majority – real alternatives – they would blow Obama totally out of the water.. but instead.. they’re totally lame…

          and so what are you supporting DJ? put the blame knife in your back pocket and tell me what you support that the GOP is proposing.

  6. larryg Avatar
    larryg

    If Bush had had another 4 years after the meltdown – what exactly do you think Bush and the Republicans would have done – DIFFERENT from what Obama has done (or not) to end up with a better economy now?

    and are Republicans doing right now what you think they would have done if Bush was still POTUS?

    or are you just about blame here with no real ideas – like the GOP is right now?

    1. DJRippert Avatar
      DJRippert

      What Bush would have done is irrelevant. What Reagan did to restart the economy after the Cater – inspired recession (where unemployment peaked at a higher point that at any time during the so-called Great Recession) is important. Reagan’s approach started a recovery. Obama’s approach has only resulted in perpetual stagnation.

      The recession Reagan inherited had peak unemployment during the second year of his presidency. The recession Obama inherited had peak unemployment in the second year of his presidency (although lower than Reagan’s peak).

      Five years after being inaugurated (1985) the US was recovering. In 1985 nominal GDP growth was over 7% while real GDP growth was over 4%.

      How do you think that will compare to Obama’s fifth year?

      1. larryg Avatar
        larryg

        “What Bush would have done is irrelevant. What Reagan did to restart the economy after the Cater – inspired recession (where unemployment peaked at a higher point that at any time during the so-called Great Recession) is important. Reagan’s approach started a recovery. Obama’s approach has only resulted in perpetual stagnation.”

        what they all did is Relevant but also just as relevant is what was actually done beyond what they by themselves could do or not do.

        using double standards to talk about what happened “under” a particularly POTUS is basically dishonest because what happens UNDER a POTUS is what that Congress did or did not do. Only Congress can take actions that directly affect the economy – and you know this DJ.

        “The recession Reagan inherited had peak unemployment during the second year of his presidency. The recession Obama inherited had peak unemployment in the second year of his presidency (although lower than Reagan’s peak). ”

        so…????? what the heck does that have to do with anything?

        “Five years after being inaugurated (1985) the US was recovering. In 1985 nominal GDP growth was over 7% while real GDP growth was over 4%.

        How do you think that will compare to Obama’s fifth year?”

        how do I think Congress will compare in what they did not do?

        is that your question? because the POTUS is pretty much toothless on this issue.

        why do you personalize something to the POTUS that he has virtually no control over?

        I’d ask you this whether we’re talking about Carter, Reagan, Clinton or Bush.

        it’s the same with all of them … Congress is the body that makes the difference and you cannot create jobs by wishful thinking by the POTUS.

        what this GOP has decided is that they are going to deny any/all beneficial things to the economy because Obama will get the credit.

        It’s as simple as that. They refuse to take actions that they’ve freely taken numerous times under all previous POTUS.

        that’s the simple truth.

      2. Ghost of Ted Dalton Avatar
        Ghost of Ted Dalton

        I do not believe that Reagan had the effect you think he had. I think the “recovery” had just as much to do with Carter and Volcker as with Reagan.

        I’ll agree that Reagan’s tax cuts did help stimulate the economy. However, in the late 70s, the real difficulty was inflation. Carter installed a Fed chief who simply slammed on the brakes. This did cause a spike in unemployment that plateaued in 1982, but as inflation declined, the economy improved.

        I think Carter’s monetary policies were just as essential to the recovery as Reagan’s tax cuts.

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