Detroit: A Mixture of Water and Socialism

[JoeB131]

[

Indeed. And the fact that the Clinton years were the continuation of Reagan's reorientation of the economy away from the failed, demand-side paradigm of Keynesianism that prolonged the Great Depression, triggered the double recession of the 1950s and gave us the decade of Stagflation in the 1970s had nothing to do with it, not to mention—wait! let's mention it—...

Are you some kind of fucking retard? Did you miss the whole Depression of 1990-92 where you had lines around buildings for two job openings?

Reaganism failed MISERABLY.

You have managed to catapult yourself from 'erroneous' all the way to 'liar.'
economy.”
]

Sorry, I lived through the 1980's. They were not a "golden age". The early 80's were miserable with double digit unemployment, and it ended in 1987 when the Stock Market crashed.

But the real damage was hidden. By telling big business it was okay to destroy the middle class, Reagan pretty much killed the American Dream.

But he made us feel good when he did it. He was kind of the Crack Cocaine of politics.

Seriously, you need to turn off the Hate Radio when you are home all day and join us out here in the real world.

 

[JoeB131]

[

So, socialism, that is to say, sour grapes economics, is the answer?

You know my grandparents were hit hard by the Great Depression, knocked clean out of the middleclass, lost virtually everything . . . but their trust in God and hard work. But they packed up what they still had, which was a few hundred bucks, some clothes and an old Ford, moved clear across the country, worked odd jobs, made ends meet, started their own business, and built a happy and successful home in spite of it all. They never got rich, but my grandfather's modest, repair-and-whatever-else-you-wanted business paid for a modest house and a modest retirement.

But here's the reason why your grandparents had a decent life after the great depression. Because FDR established a minimum wage and supported the labor movement and a system of taxation that prevented the wealth from being concentrated at the top.

As a result, business prospered because their customers had money to buy shit.

I'm sorry you don't get this.

[
My point is this: I just don't get you. What really happened to you? Why did you allow this company to sour you on life and the opportunities that are still out there? Character is what makes us or break us, not the next crisis. I nearly lost everything at one point, but learned from my mistakes and moved on. Work. Risk. Build.

Yeah. And having built and rebuilt a couple of times know, usually after some Republican FUCKS EVERYTHING UP, I'm kind of tired of doing that. And I'm really sick of Religious Stupids like you going along with the whole thing because they promise you they are going to stop the gays and the abortions.

[
The answer is not socialism, as the attitude it engenders in society infects companies too, apparently, like the one you worked for. I don't understand why you can't see the detrimental impact socialism has on the entrepreneurial spirit. You talk about Europe, where small business is virtually extinct as new enterprises can't get past all the regulation and the staggering rates of taxation, at least not without being inordinately beholden to powerful political or corporate interests. Corruption.

Um, I've been to Europe. Europe is pretty awesome. We are backwards rednecks compared to the Europeans.

[
Generally, the essence of socialism in capitalist societies is corporatism, burdensome regulation and taxation, and the redistribution of wealth of social and corporate welfare that systematically enslaves the poor and hampers the middleclass. It's your economic agenda that keeps the little people down, not capitalism proper.

No, it wasn't a government that kept me down.

It was a guy in a corner office who make three times what i make off of my hard work, who fucked me over because I had the bad luck to get injured.

So agenda point #1- Get the employers and insurance companies out of health care. No one should be making money off of pain and suffering.

 

[M.D. Rawlings]

[

Indeed. And the fact that the Clinton years were the continuation of Reagan's reorientation of the economy away from the failed, demand-side paradigm of Keynesianism that prolonged the Great Depression, triggered the double recession of the 1950s and gave us the decade of Stagflation in the 1970s had nothing to do with it, not to mention—wait! let's mention it—...

Are you some kind of fucking retard?

It was rumored that I was dropped on my head at the age of three, but unlike your actual mishap, that was just a rumor.

Did you miss the whole Depression of 1990-92 where you had lines around buildings for two job openings?

Reaganism failed MISERABLY.

It was hardly a depression. It was an historically mild, cyclical correction unnecessarily prolonged by Bush's stupid tax hike. Where were you during the '70s, you know, during the decade of double-digit inflation and interest rates? Where were you during the '80s, you know, at the beginning of the most prolonged period of sustained economic growth in American history, lasting nearly two decades after Reagan got Keynesianism off America's back, which Obama resurrected, squandering billions on not-so-shovel-ready projects and political kick backs?

So the brain damage was permanent, eh? I'm sorry to hear that.

 

[JoeB131]

[

It was hardly a depression. It was an historically mild, cyclical correction unnecessarily prolonged by Bush's stupid tax hike. Where were you during the '70s, you know, during the decade of double-digit inflation and interest rates? Where were you during the '80s, you know, at the beginning of the most prolonged period of sustained economic growth in American history, lasting nearly two decades after Reagan got Keynesianism off America's back, which Obama resurrected, squandering billions on not-so-shovel-ready projects and political kick backs?

So the brain damage was permanent, eh? I'm sorry to hear that.

I think you probably were dropped as a child. Repeatedly.

We had 35 years of unprecedented prosperity under Keynsianism.

FUck, I would even go so far to call Reagan a Keynesian. He spend HUGE amounts of money on the military, tripling the military budget and creating a lot of jobs building bombers and missiles and tanks.

 

[M.D. Rawlings]

Are you some kind of fucking retard? Did you miss the whole Depression of 1990-92 where you had lines around buildings for two job openings?

Reaganism failed MISERABLY.

You have managed to catapult yourself from 'erroneous' all the way to 'liar.'
economy.”
]

Sorry, I lived through the 1980's. They were not a "golden age". The early 80's were miserable with double digit unemployment, and it ended in 1987 when the Stock Market crashed.

But the real damage was hidden. By telling big business it was okay to destroy the middle class, Reagan pretty much killed the American Dream.

But he made us feel good when he did it. He was kind of the Crack Cocaine of politics.

Seriously, you need to turn off the Hate Radio when you are home all day and join us out here in the real world.

Sorry, no dice . . . or actually, you've come up with snake eyes again.

PC may not be old enough to have lived through those years at an age of understanding, but I am. I'm nearly 60, so don't think you can sell that unsupported historical revisionism around here. Forbes has got it exactly right, and I don't listen to radio or watch TV, not even cable anymore. Our entertainment room is strictly for sound and film.

Further, the unemployment rate, after hovering on average around 7% for years began to creep back up during Carter's last year in office, reaching nearly 8% and climbing. It peaked at 9.7% or just over 10%, depending on your source, during the first two years of Reagan's first term. Once the effects of his policies kicked in everything changed. The staggering inflation and interest rates plummeted and, consequently, unemployment dropped too. By the end of Reagan's first term, the seemingly implacable disease of unemployment that plagued the '70s was all the way back down to roughly 7.3% and was at 5.5%, near full employment, by the end of his second term.

Imagine where our economy would have been by 1978 had Reagan won the Republican nomination and beat Carter in 1976. Too bad. A missed opportunity.

The nearly twelve-year economic crisis was clearly over by the end of 1983 and the American economy came roaring back like never before. That was the meat that Reagan brought to the presidential election of 1984 as he shoved the bun down Mondale's throat in a landslide reelection. Recall?

A brief history of U.S. unemployment - The Washington Post

As for Europe. Yeah. I've been there too. But I don't have time to school you on that anymore today.

 

[OKTexas]

Municipal water supplies should be taxpayer funded, like police and fire departments, and street maintenance, and waste disposal/treatment.

Why stop there???

"Employment, with a living wage
Food, clothing and leisure
Farmers' rights to a fair income
Freedom from unfair competition and monopolies
Housing
Medical care
Social security
Education"
Franklin Roosevelt



And, the list comes with music:

What's wrong with water being taxpayer funded as a municipal service, specifically?

What about rural areas where there is no municipal or rural water systems, you going pay for their well drilling, maintenance and power cost?

 

[ninja007]

its the white mans fault!

 

[JoeB131]

[q


Sorry, no dice . . . or actually, you've come up with snake eyes again.

PC may not be old enough to have lived through those years at an age of understanding, but I am. I'm nearly 60, so don't think you can sell that unsupported historical revisionism around here. Forbes has got it exactly right, and I don't listen to radio or watch TV, not even cable anymore. Our entertainment room is strictly for sound and film.

PC is what happens when you lock someone in a house all day and make her listen to Hate Radio.

I'm 52. What i saw in the 1980's was people not living as well as their parents because all those good paying union jobs went away with Reagan's blessing. But none of those folks read Forbes or Fortune.

[q
Further, the unemployment rate, after hovering on average around 7% for years began to creep back up during Carter's last year in office, reaching nearly 8% and climbing. It peaked at 9.7% or just over 10%, depending on your source, during the first two years of Reagan's first term. Once the effects of his policies kicked in everything changed. The staggering inflation and interest rates plummeted and, consequently, unemployment dropped too. By the end of Reagan's first term, the seemingly implacable disease of unemployment that plagued the '70s was all the way back down to roughly 7.3% and was at 5.5%, near full employment, by the end of his second term.

No, not really. When Reagan won a second term, it was 7.3% after peaking at 11.3%. Reagan also changed how it was counted, counting active duty military personnel as "employed", something that hadn't been done before. So the real number was probably higher.

[
Imagine where our economy would have been by 1978 had Reagan won the Republican nomination and beat Carter in 1976. Too bad. A missed opportunity.

You're right. Then we'd have put the blame for bad Republican Economic Policy where it belonged, got Ted Kennedy in 1980 and fixed most our problems.

You see, the real problem with Jimmy Carter is that he went along with Republican Economic Policy. He wasn't a Keynesian. The collapse that happened in the 1970's occurred largely because we stopped spending billions on Vietnam and didn't redirect those resources into infrastructure.

[
The nearly twelve-year economic crisis was clearly over by the end of 1983 and the American economy came roaring back like never before. That was the meat that Reagan brought to the presidential election of 1984 as he shoved the bun down Mondale's throat in a landslide reelection. Recall?

Um, no. First, the economic crisis wasn't 12 years. You had a small recession in 1975 that probably doomed Jerry Ford, (although the fact he pardoned Nixon didn't help). and another small one in 1980 that doomed Carter. Then your Boy Reagan had the biggest one in decades, gutted the middle class, and we were grateful with less.

[
As for Europe. Yeah. I've been there too. But I don't have time to school you on that anymore today.

Well, yeah, fuck, I mean those fucking Europeans have made socialism work. Can't have that.

 

[Meathead]

[q


Sorry, no dice . . . or actually, you've come up with snake eyes again.

PC may not be old enough to have lived through those years at an age of understanding, but I am. I'm nearly 60, so don't think you can sell that unsupported historical revisionism around here. Forbes has got it exactly right, and I don't listen to radio or watch TV, not even cable anymore. Our entertainment room is strictly for sound and film.

PC is what happens when you lock someone in a house all day and make her listen to Hate Radio.

I'm 52. What i saw in the 1980's was people not living as well as their parents because all those good paying union jobs went away with Reagan's blessing. But none of those folks read Forbes or Fortune.

[q
Further, the unemployment rate, after hovering on average around 7% for years began to creep back up during Carter's last year in office, reaching nearly 8% and climbing. It peaked at 9.7% or just over 10%, depending on your source, during the first two years of Reagan's first term. Once the effects of his policies kicked in everything changed. The staggering inflation and interest rates plummeted and, consequently, unemployment dropped too. By the end of Reagan's first term, the seemingly implacable disease of unemployment that plagued the '70s was all the way back down to roughly 7.3% and was at 5.5%, near full employment, by the end of his second term.

No, not really. When Reagan won a second term, it was 7.3% after peaking at 11.3%. Reagan also changed how it was counted, counting active duty military personnel as "employed", something that hadn't been done before. So the real number was probably higher.





You're right. Then we'd have put the blame for bad Republican Economic Policy where it belonged, got Ted Kennedy in 1980 and fixed most our problems.

You see, the real problem with Jimmy Carter is that he went along with Republican Economic Policy. He wasn't a Keynesian. The collapse that happened in the 1970's occurred largely because we stopped spending billions on Vietnam and didn't redirect those resources into infrastructure.

[
The nearly twelve-year economic crisis was clearly over by the end of 1983 and the American economy came roaring back like never before. That was the meat that Reagan brought to the presidential election of 1984 as he shoved the bun down Mondale's throat in a landslide reelection. Recall?

Um, no. First, the economic crisis wasn't 12 years. You had a small recession in 1975 that probably doomed Jerry Ford, (although the fact he pardoned Nixon didn't help). and another small one in 1980 that doomed Carter. Then your Boy Reagan had the biggest one in decades, gutted the middle class, and we were grateful with less.

[
As for Europe. Yeah. I've been there too. But I don't have time to school you on that anymore today.

Well, yeah, fuck, I mean those fucking Europeans have made socialism work. Can't have that.

No one has ever made socialism work. Capitalism simply pays for social programs in Europe and the US. The only difference is degree.

You've got to keep fighting off those demons and the voices in your head before you can make coherent arguments.

 

[JoeB131]

PC is what happens when you take a housewife and make her listen to Hate Radio All day.

[

You have managed to catapult yourself from 'erroneous' all the way to 'liar.'


1. “Between the early 1980s and 2007 we lived in an economic Golden Age. Never before have so many people advanced so 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 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 dynamic, 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.”

The RICH did very well under Reagan. The rest of us, not so much.

The rest of us, we're the blue line...

[
2.
a. Under Reagan, the debt went up $1.7 trillion, from $900 billion to $2.6 trillion.
b. But….the national wealth went up $ 17 trillion
c. Reagan's near-trillion-dollar bulge in defense spending transformed the global balance of power in favor of capitalism. Spurring a stock-market, energy, venture-capital, real-estate and employment boom, the Reagan tax-rate cuts and other pro-enterprise policies added some $17 trillion to America's private-sector assets, dwarfing the trillion-dollar rise in public-sector deficits and creating 45 million net new jobs at rising wages and salaries.
J[/url]
]

You know what, most of us don't read Forbes or the WSJ, we don't exist in that universe.

Debt INCREASED as a percentage of GDP under Reagan. It went from 32% of GDP to 60% when Bush-41 got tossed out on his can. Clinton somewhat stablized it, but then it shot up to 100% under Bush-43 with his tax cuts and wars on a Credit Card.

 

[JoeB131]

No one has ever made socialism work. Capitalism simply pays for social programs in Europe and the US. The only difference is degree.

You've got to keep fighting off those demons and the voices in your head before you can make coherent arguments.

And working people make Capitalism work. So it all balances out.

But seriously, the Germans need to wipe their feet on your country again.

 

[gipper]

I got yer alternative right here!


1. In her book, "Uncle Sam's Plantation," Star Parker recounts her journey from life as a hustler and welfare addict to freedom. The following gives one version of the path to success.


She's talking about you, ErroneousJoe

My, what is it with you guys, that you trot out these self-loathing Uncle Tom and Aunt Jemimas and you think you have an argument.

What does that have to do with anything I said.

I got let go from a job after 6 years of hard work because I slipped on some ice and busted up my knee and required tens of thousands of dollars to fix.

Didn't matter I worked 60 hours a week for them sometimes, coming in on Saturdays to take care of things. Didn't matter that I had seniority on the rest of the office, didn't matter that I developed processes and procedures they are using to this very day.

The minute it looked like i might cost them more than their obscene profit margin, they were pretty keen to get me off the payroll.

So seriously, fuck the rich, fuck capitalism.

I don't want to see people on welfare, but I'd rather give it to welfare people than rich people.

So, socialism, that is to say, sour grapes economics, is the answer?

You know my grandparents were hit hard by the Great Depression, knocked clean out of the middleclass, lost virtually everything . . . but their trust in God and hard work. But they packed up what they still had, which was a few hundred bucks, some clothes and an old Ford, moved clear across the country, worked odd jobs, made ends meet, started their own business, and built a happy and successful home in spite of it all. They never got rich, but my grandfather's modest, repair-and-whatever-else-you-wanted business paid for a modest house and a modest retirement.

And my father, an aircraft technician, moved our family squarely back into the upper middleclass . . . eventually. He could have done even more had he worked in the private sector, as he was an especially ingenious electronics man who turned down the really big bucks offered him by Boeing, Lockheed, Hughes Airwest and others over the years. In fact, everything I know worth knowing about mathematics, electrical wiring, plumbing, masonry, framing, cabinetry, tiling, automotive repair . . . I learned at his side. He was a self-taught jack of all the manly trades. Comes in handy around the house. I've saved many thousands of dollars over the years.

Like my parents and their parents before them, we invested a lot of time and money in our children's education . . . because we couldn't afford private schools, and the state schools weren't good enough.

Today, I'm a near millionaire, and my son's already there.

My father worked for the Air Force for 38 years out of sheer gratitude to a great nation that afforded him the opportunity to better the next generation. He remains the longest serving civil servant in Air Force history, a record that won't be broken any time soon as the Air Force systematically eliminated civil servants from those kinds of jobs. But they kept him around, because he was that good. As a GS-15, he was the equivalent of a colonel when he retired. All that on a high school diploma and hard work.

Sadly, this understanding of what America is all about seems to have been lost on way too many of the European and African descendants of America's founding. Asian Americans still get it. African Americans were generally on their way too during the 1940s and 50s . . . before the devastation of the War on Poverty.

My point is this: I just don't get you. What really happened to you? Why did you allow this company to sour you on life and the opportunities that are still out there? Character is what makes us or break us, not the next crisis. I nearly lost everything at one point, but learned from my mistakes and moved on. Work. Risk. Build.

The answer is not socialism, as the attitude it engenders in society infects companies too, apparently, like the one you worked for. I don't understand why you can't see the detrimental impact socialism has on the entrepreneurial spirit. You talk about Europe, where small business is virtually extinct as new enterprises can't get past all the regulation and the staggering rates of taxation, at least not without being inordinately beholden to powerful political or corporate interests. Corruption.

Generally, the essence of socialism in capitalist societies is corporatism, burdensome regulation and taxation, and the redistribution of wealth of social and corporate welfare that systematically enslaves the poor and hampers the middleclass. It's your economic agenda that keeps the little people down, not capitalism proper.

That last paragraph says much and it is all true.

Our economy should be growing and generating huge numbers of jobs, but with the anchor that is big government holding it down, it is not. Big government is ALWAYS the problem because government can't create anything, but it sure can destroy.

Government jobs and ever greater government deficit spending does NOT help the economy. It hinders it. Most Americans use to know this fact, but after decades of misinformation promoted by progressives, most do not. Amazingly many Americans like Joey, think big government works.

We have a rapidly approaching demographic bomb heading our way, with the baby boom generation retiring and demanding benefits. It is apparent that the fed gov, which when BO is done will have $20 Trillion in national debt, will not be able to meet it's obligations. Then the trouble starts.

If we had a growing dynamic free market economy, rather than a quasi fascist crony capitalist government dominated one, we might be able to weather the storm...along with an immigration policy of accepting productive immigrants rather than uneducated illegal aliens.

 

[PoliticalChic]

Are you some kind of fucking retard? Did you miss the whole Depression of 1990-92 where you had lines around buildings for two job openings?

Reaganism failed MISERABLY.

You have managed to catapult yourself from 'erroneous' all the way to 'liar.'
economy.”
]

Sorry, I lived through the 1980's. They were not a "golden age". The early 80's were miserable with double digit unemployment, and it ended in 1987 when the Stock Market crashed.

But the real damage was hidden. By telling big business it was okay to destroy the middle class, Reagan pretty much killed the American Dream.

But he made us feel good when he did it. He was kind of the Crack Cocaine of politics.

Seriously, you need to turn off the Hate Radio when you are home all day and join us out here in the real world.

"Sorry,...blah blah blah..."


You should be sorry- for embarrassing yourself.



1. “As inflation came down and as more and more of the tax cuts from the 1981 Act went into effect, the economic began a strong and sustained pattern of growth.” US Department of the Treasury



2. The benefits from Reaganomics:
a. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
b. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
c. Unemployment fell to 5.5% from 7.1% (Table B-35)
d. Prime interest rate fell by one-third.(Table B-73)
e. The S & P 500 jumped 124% (Table B-95) FDsys - Browse ERP
f. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116


b. and c. Kiva - Kiva Lending Team: Team Ron Paul, Hulk Hogan, Jesus of Nazareth, Chuck Norris, Ronald Reagan, John Wayne, Thomas Jefferson, Alex Jones, Peyton Manning, The Tuskegee Airmen, Schiff, REAL Americans, and George W. Bush



3. Compare Obama's with the Reagan recovery:
"During this seven-year recovery, the economy grew by almost one-third, the equivalent of adding the entire economy of West Germany, the third-largest in the world at the time, to the U.S. economy. In 1984 alone real economic growth boomed by 6.8%, the highest in 50 years. Nearly 20 million new jobs were created during the recovery, increasing U.S. civilian employment by almost 20%. Unemployment fell to 5.3% by 1989.

Real per-capita disposable income increased by 18% from 1982 to 1989, meaning the American standard of living increased by almost 20% in just seven years. The poverty rate declined every year from 1984 to 1989, dropping by one-sixth from its peak. The stock market more than tripled in value from 1980 to 1990, a larger increase than in any previous decade."
Reaganomics Vs. Obamanomics: Facts And Figures - Forbes




4.




Luckily for you, being so hate-filled, your head is empty to you have a place to store it.

 

[JoeB131]

For those of us who don't read Forbes, the 1980's were a pretty miserable time.

Sorry.

I know this breaks your heart, but Reagan probably damaged this country beyond repair by being wrong about everything.

 

[NYcarbineer]

You have managed to catapult yourself from 'erroneous' all the way to 'liar.'
economy.”
]

Sorry, I lived through the 1980's. They were not a "golden age". The early 80's were miserable with double digit unemployment, and it ended in 1987 when the Stock Market crashed.

But the real damage was hidden. By telling big business it was okay to destroy the middle class, Reagan pretty much killed the American Dream.

But he made us feel good when he did it. He was kind of the Crack Cocaine of politics.

Seriously, you need to turn off the Hate Radio when you are home all day and join us out here in the real world.

"Sorry,...blah blah blah..."


You should be sorry- for embarrassing yourself.



1. “As inflation came down and as more and more of the tax cuts from the 1981 Act went into effect, the economic began a strong and sustained pattern of growth.” US Department of the Treasury



2. The benefits from Reaganomics:
a. The economy grew at a 3.4% average rate…compared with 2.9% for the previous eight years, and 2.7% for the next eight.(Table B-4)
b. Inflation rate dropped from 12.5% to 4.4%. (Table B-63)
c. Unemployment fell to 5.5% from 7.1% (Table B-35)
d. Prime interest rate fell by one-third.(Table B-73)
e. The S & P 500 jumped 124% (Table B-95) FDsys - Browse ERP
f. Charitable contributions rose 57% faster than inflation. Dinesh D’Souza, “Ronald Reagan: How an Ordinary May Became an Extraordinary Leader,” p. 116


b. and c. Kiva - Kiva Lending Team: Team Ron Paul, Hulk Hogan, Jesus of Nazareth, Chuck Norris, Ronald Reagan, John Wayne, Thomas Jefferson, Alex Jones, Peyton Manning, The Tuskegee Airmen, Schiff, REAL Americans, and George W. Bush



3. Compare Obama's with the Reagan recovery:
"During this seven-year recovery, the economy grew by almost one-third, the equivalent of adding the entire economy of West Germany, the third-largest in the world at the time, to the U.S. economy. In 1984 alone real economic growth boomed by 6.8%, the highest in 50 years. Nearly 20 million new jobs were created during the recovery, increasing U.S. civilian employment by almost 20%. Unemployment fell to 5.3% by 1989.

Real per-capita disposable income increased by 18% from 1982 to 1989, meaning the American standard of living increased by almost 20% in just seven years. The poverty rate declined every year from 1984 to 1989, dropping by one-sixth from its peak. The stock market more than tripled in value from 1980 to 1990, a larger increase than in any previous decade."
Reaganomics Vs. Obamanomics: Facts And Figures - Forbes




4.




Luckily for you, being so hate-filled, your head is empty to you have a place to store it.

Reaganomics didn't cause those things.

 

[NYcarbineer]

You have managed to catapult yourself from 'erroneous' all the way to 'liar.'
economy.”
]

Sorry, I lived through the 1980's. They were not a "golden age". The early 80's were miserable with double digit unemployment, and it ended in 1987 when the Stock Market crashed.

But the real damage was hidden. By telling big business it was okay to destroy the middle class, Reagan pretty much killed the American Dream.

But he made us feel good when he did it. He was kind of the Crack Cocaine of politics.

Seriously, you need to turn off the Hate Radio when you are home all day and join us out here in the real world.

Sorry, no dice . . . or actually, you've come up with snake eyes again.

PC may not be old enough to have lived through those years at an age of understanding, but I am. I'm nearly 60, so don't think you can sell that unsupported historical revisionism around here. Forbes has got it exactly right, and I don't listen to radio or watch TV, not even cable anymore. Our entertainment room is strictly for sound and film.

Further, the unemployment rate, after hovering on average around 7% for years began to creep back up during Carter's last year in office, reaching nearly 8% and climbing. It peaked at 9.7% or just over 10%, depending on your source, during the first two years of Reagan's first term. Once the effects of his policies kicked in everything changed. The staggering inflation and interest rates plummeted and, consequently, unemployment dropped too. By the end of Reagan's first term, the seemingly implacable disease of unemployment that plagued the '70s was all the way back down to roughly 7.3% and was at 5.5%, near full employment, by the end of his second term.

Imagine where our economy would have been by 1978 had Reagan won the Republican nomination and beat Carter in 1976. Too bad. A missed opportunity.

The nearly twelve-year economic crisis was clearly over by the end of 1983 and the American economy came roaring back like never before. That was the meat that Reagan brought to the presidential election of 1984 as he shoved the bun down Mondale's throat in a landslide reelection. Recall?

A brief history of U.S. unemployment - The Washington Post

As for Europe. Yeah. I've been there too. But I don't have time to school you on that anymore today.

Inflation was brought under control by Fed policy, by Carter's appointee Paul Volcker,

not by Reagan.

 

[NYcarbineer]

Reaganomics did nothing other than usher in the era of triple digit peacetime deficits,

and the political acceptability of them. Reagan killed the idea that politicians had to be fiscally responsible in Washington in order to survive.

Reagan made it possible for Dick Cheney to say, years later, that deficits didn't matter.

Cheney was saying that deficits didn't matter politically. That's the Reagan legacy.

 

[Care4all]

For those of us who don't read Forbes, the 1980's were a pretty miserable time.

Sorry.

I know this breaks your heart, but Reagan probably damaged this country beyond repair by being wrong about everything.

13.5% interest rate on our first home bought, I remember the struggles of the 80's....it was difficult to make ends meet with the high interest mortgage and high interest car loans etc etc....

But on the other hand, my parents who were established in life already, had 100k or so saved before the 80's, and put it all in CD's at very high return interest rates...one CD period they got 27.0% interest....BANKS needed money, and at that time the gvt did not borrow a ton from overseas, it borrowed it from us, the citizens.....so if you had money saved, like my parents....you became millionaires, like my parents did.....by the mid 90's.....but the 80's and the high interest rates paid well for my parent's money and brought their 100k in a decade, to around 600k or more....ALL in SAFE SAVINGS, in CD's, and Not through gambling in the stock market....(my highest paying CD now is paying only 1.25%, not even keeping up with the COLiving)

money is cheap for the gvt and the banks, for the last few decades....not DUE to Obama changing anything already established....

 

[PoliticalChic]

Sorry, I lived through the 1980's. They were not a "golden age". The early 80's were miserable with double digit unemployment, and it ended in 1987 when the Stock Market crashed.

But the real damage was hidden. By telling big business it was okay to destroy the middle class, Reagan pretty much killed the American Dream.

But he made us feel good when he did it. He was kind of the Crack Cocaine of politics.

Seriously, you need to turn off the Hate Radio when you are home all day and join us out here in the real world.

Sorry, no dice . . . or actually, you've come up with snake eyes again.

PC may not be old enough to have lived through those years at an age of understanding, but I am. I'm nearly 60, so don't think you can sell that unsupported historical revisionism around here. Forbes has got it exactly right, and I don't listen to radio or watch TV, not even cable anymore. Our entertainment room is strictly for sound and film.

Further, the unemployment rate, after hovering on average around 7% for years began to creep back up during Carter's last year in office, reaching nearly 8% and climbing. It peaked at 9.7% or just over 10%, depending on your source, during the first two years of Reagan's first term. Once the effects of his policies kicked in everything changed. The staggering inflation and interest rates plummeted and, consequently, unemployment dropped too. By the end of Reagan's first term, the seemingly implacable disease of unemployment that plagued the '70s was all the way back down to roughly 7.3% and was at 5.5%, near full employment, by the end of his second term.

Imagine where our economy would have been by 1978 had Reagan won the Republican nomination and beat Carter in 1976. Too bad. A missed opportunity.

The nearly twelve-year economic crisis was clearly over by the end of 1983 and the American economy came roaring back like never before. That was the meat that Reagan brought to the presidential election of 1984 as he shoved the bun down Mondale's throat in a landslide reelection. Recall?

A brief history of U.S. unemployment - The Washington Post

As for Europe. Yeah. I've been there too. But I don't have time to school you on that anymore today.

Inflation was brought under control by Fed policy, by Carter's appointee Paul Volcker,

not by Reagan.

You're a joke....but you've got those Liberal credentials burnished!

 

[PoliticalChic]

Reaganomics did nothing other than usher in the era of triple digit peacetime deficits,

and the political acceptability of them. Reagan killed the idea that politicians had to be fiscally responsible in Washington in order to survive.

Reagan made it possible for Dick Cheney to say, years later, that deficits didn't matter.

Cheney was saying that deficits didn't matter politically. That's the Reagan legacy.

Posts #80 and #93 are facts.

You....simply a joke.

And a bad one at that.