Steve Forbes in To Save America, by Newt Gingrich

On Budget & Economy: We lived in an economic Golden Age from 1980s to 2007

Between the early 1980s and 2007 we lived in an economic Golden Age. Never before have so many people advanced do far economically in so short a period of time as they have during the last 25 years. Until the credit crisis, 70 million people a year [worldwide] were joining the middle class. The U.S. kicked off this long boom with the economic reforms of Ronald Reagan, particularly his enormous income tax cuts. We burst from the economic stagnation of the 1970s into a dynamism, innovative, high tech-oriented economy, Even in recent years the much maligned U.S. did well. Between year-end 2002 and year-end 2007 U.S. growth exceeded the entire size of China's economy. Source: To Save America, by Newt Gingrich, p.162 May 17, 2010

The above quotations are from To Save America Stopping Obama's Secular-Socialist Machine, by Newt Gingrich. Click here for main summary page. Click here for a profile of Steve Forbes. Click here for Steve Forbes on all issues.
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