Everyone has biases. Unfortunately, allowing one’s bias to dictate the sole source of data one takes in will result in flawed results.
For example, those who credit President Ronald Reagan with lowering taxes and thereby turning around a bad economy during the 1980s fail to take into account the fact that he also signed off on at least eight tax increases during his time in office.
In 1981, he signed one of the largest tax breaks ever. In 1982, the deficit was growing out of control. Reagan was pragmatic enough to realize tax breaks were not going to turn things around, so with teamwork from Congress he signed the first of eight tax increases spaced over the next six years, including the largest increase to business sense World War II.
While these increases were not the sole reason the deficit was reduced and the economy improved, those increases in revenue are credited as a key part of the turnaround.
Although I did not agree with all of Reagan’s decisions ( I never agree with all of the decisions of any president), one of the reasons I liked him was that he remained pragmatic. The divisive nature of today’s politics needs to change if a faster turnaround is to be achieved.