We need the Reaganomics

[Toddsterpatriot]

Yet there was a crash of the stock market(Black Monday) during GW Bush era economics which caused GW not to be elected, instead they elected the person that stabbed GW like a knife with one phrase, It's the economy stupid, uttered by Bill Clinton, now his presidency was a boom era, not Reagan's no GW cause during those two, there was still economic problems for many Americans..

Yet there was a crash of the stock market(Black Monday) during GW Bush era economics which caused GW not to be elected,

Black Monday was October 19, 1987. GHWB was elected 13 months later.

 

[Toddsterpatriot]

I think we need the Reaganomics for a good America.

In what sense?

Increased govt. spending....

Taxes raised 11 times ...
Rampant corruption ...
Government by an astrologer ...

Taxes raised 11 times ...

Raised the top rate from 70%......all the way up to 28%.

 

[Luddly Neddite]

Turned us into a debtor nation.

Of all Ronnie Ray-Guns failures, and there are a lot, that's the one that has had the worst consequences.

Or maybe it was his silence about AIDS. How many more died because he refused to even utter the word?

Easily one of our very worst presidents.

Come on Luddly,

You swear he set up and finance a terrorist organisation while selling arm to an enemy....
It is not like he borrowed a lot money...


So for Obama to be like Reagan, he has to:
Finance and arm ISIS properly
Sell Iran and North Korea arms
And borrow more money
Ignore a disease which now has 1.2m Americans infected.

And then "forget" he did it and become an American hero.

 

[hangover]

Raygunomics tripled the national debt in his eight years as POTUS. Shrub doubled the national debt in his eight years. Obama doesn't want that for a legacy.

 

[Moonglow]

I think we need the Reaganomics for a good America.

according to our current democrats, what Reagan did in the 80's was a complete failure. thats how they sell themselves, just like the Bush economy of the 2000's. another complete failure. in general, when we have an economy where anyone who wants to work, and even posses limited skills, Can Find A Job!!! right?(yup, thats an economic failure according to the left) but as soon as Obama takes office, No One thats unemployed could find work!!

It wasn't a complete failure but it was not the boom era of Clinton........

what happened at the end of both booms were similar, too many people got a bit too greedy/confident, so they borrowed too much money, and at the same time, companies were expanding only later having to deal with the problem that they couldnt get help. I saw it all go down by 1989/1990. if the working class would just slow down their borrowing/debt habits in good times, it wont happen again.

I learned not to do that from the recessions and high inflation periods.. I did loose my rear tine tiller I had on credit after Black Monday...

 

[Toddsterpatriot]

Raygunomics tripled the national debt in his eight years as POTUS. Shrub doubled the national debt in his eight years. Obama doesn't want that for a legacy.

Reagan added $1.6 trillion to the national debt, and won the Cold War.
Obama has added $7.5 trillion, so far, and he's made the world worse.

 

[boilermaker55]

Why? So labor is handcuffed again and banking industries can run roughshod over people.

I think we need the Reaganomics for a good America.

skyq

Why?

 

[g5000]

I think we need the Reaganomics for a good America.

And Drake's Ring Dings. With those two things, we should be good to go.

A glass of milk kind of goes without saying.

So...Reaganomics, Ring Dings, and milk. Yeah!

 

[g5000]

Let's bring back the Brat Pack, junk bonds, amnesty for illegals, the closing of tax loopholes for the rich, and pastel T-shirts with a white jacket and no socks.

Not Madonna, though. Fuck Madonna. We want the Psychedelic Furs!

 

[Meathead]

Reagan was a man who believed in the country and the country believed in him. As with all great men, his legacy has endured far beyond his time. We may never have another president of his stature.

 

[boilermaker55]

Sure, they believed that allowing the banking industry to build to its current status was good for all. Right. Good for all the rich.
He messed up the banking system horribly.

Reagan was a man who believed in the country and the country believed in him. As with all great men, his legacy has endured far beyond his time. We may never have another president of his stature.

 

[boedicca]

Indeed. I we had a Reagan equivalent in the White House, the economy would be growing at least 4% per year, and we'd have millions more employed people.

 

[boilermaker55]

Reagan took some economics in college, and he really did want to reduce the debt. But he got snookered by some Wall Street “economists” (mostly political journalists) who told him he could have his cake and eat it too. They came up with the brand-new theory, mentioned above, that said the government can collect more money by reducing taxes. Wouldn’t that be nice! That’s the supply-side economics that George H. W. Bush called Voodoo.


1. Reagan was a serial tax raiser. As governor of California, Reagan “signed into law the largest tax increase in the history of any state up till then.” Meanwhile, state spending nearly doubled. As president, Reagan “raised taxes in seven of his eight years in office,” including four times in just two years. As former GOP Senator Alan Simpson, who called Reagan “a dear friend,” told NPR, “Ronald Reagan raised taxes 11 times in his administration — I was there.” “Reagan was never afraid to raise taxes,” said historian Douglas Brinkley, who edited Reagan’s memoir. Reagan the anti-tax zealot is “false mythology,” Brinkley said.

2. Reagan nearly tripled the federal budget deficit. During the Reagan years, the debt increased to nearly $3 trillion, “roughly three times as much as the first 80 years of the century had done altogether.” Reagan enacted a major tax cut his first year in office and government revenue dropped off precipitously. Despite the conservative myth that tax cuts somehow increase revenue, the government went deeper into debt and Reagan had to raise taxes just a year after he enacted his tax cut. Despite ten more tax hikes on everything from gasoline to corporate income, Reagan was never able to get the deficit under control.

3. Unemployment soared after Reagan’s 1981 tax cuts. Unemployment jumped to 10.8 percent after Reagan enacted his much-touted tax cut, and it took years for the rate to get back down to its previous level. Meanwhile, income inequality exploded. Despite the myth that Reagan presided over an era of unmatched economic boom for all Americans, Reagan disproportionately taxed the poor and middle class, but the economic growth of the 1980’s did little help them. “Since 1980, median household income has risen only 30 percent, adjusted for inflation, while average incomes at the top have tripled or quadrupled,” the New York Times’ David Leonhardt noted.

4. Reagan grew the size of the federal government tremendously. Reagan promised “to move boldly, decisively, and quickly to control the runaway growth of federal spending,” but federal spending “ballooned” under Reagan. He bailed out Social Security in 1983 after attempting to privatize it, and set up a progressive taxation system to keep it funded into the future. He promised to cut government agencies like the Department of Energy and Education but ended up adding one of the largest — the Department of Veterans’ Affairs, which today has a budget of nearly $90 billion and close to 300,000 employees. He also hiked defense spending by over $100 billion a year to a level not seen since the height of the Vietnam war.

5. Reagan did little to fight a woman’s right to choose. As governor of California in 1967, Reagan signed a bill to liberalize the state’s abortion laws that “resulted in more than a million abortions.” When Reagan ran for president, he advocated a constitutional amendment that would have prohibited all abortions except when necessary to save the life of the mother, but once in office, he “never seriously pursued” curbing choice.

6. Reagan was a “bellicose peacenik.” He wrote in his memoirs that “[m]y dream…became a world free of nuclear weapons.” “This vision stemmed from the president’s belief that the biblical account of Armageddon prophesied nuclear war — and that apocalypse could be averted if everyone, especially the Soviets, eliminated nuclear weapons,” the Washington Monthly noted. And Reagan’s military buildup was meant to crush the Soviet Union, but “also to put the United States in a stronger position from which to establish effective arms control” for the the entire world — a vision acted out by Regean’s vice president, George H.W. Bush, when he became president.

7. Reagan gave amnesty to 3 million undocumented immigrants. Reagan signed into law a bill that made any immigrant who had entered the country before 1982 eligible for amnesty. The bill was sold as a crackdown, but its tough sanctions on employers who hired undocumented immigrants were removed before final passage. The bill helped 3 million people and millions more family members gain American residency. It has since become a source of major embarrassment for conservatives.

8. Reagan illegally funneled weapons to Iran. Reagan and other senior U.S. officials secretly sold arms to officials in Iran, which was subject to a an arms embargo at the time, in exchange for American hostages. Some funds from the illegal arms sales also went to fund anti-Communist rebels in Nicaragua — something Congress had already prohibited the administration from doing. When the deals went public, the Iran-Contra Affair, as it came to be know, was an enormous political scandal that forced several senior administration officials to resign.

9. Reagan vetoed a comprehensive anti-Apartheid act. which placed sanctions on South Africa and cut off all American trade with the country. Reagan’s veto was overridden by the Republican-controlled Senate. Reagan responded by saying “I deeply regret that Congress has seen fit to override my veto,” saying that the law “will not solve the serious problems that plague that country.”

10. Reagan helped create the Taliban and Osama Bin Laden. Reagan fought a proxy war with the Soviet Union by training, arming, equipping, and funding Islamist mujahidin fighters in Afghanistan. Reagan funneled billions of dollars, along with top-secret intelligence and sophisticated weaponry to these fighters through the Pakistani intelligence service. The Talbian and Osama Bin Laden — a prominent mujahidin commander — emerged from these mujahidin groups Reagan helped create, and U.S. policy towards Pakistan remains strained because of the intelligence services’ close relations to these fighters. In fact, Reagan’s decision to continue the proxy war after the Soviets were willing to retreat played a direct role in Bin Laden’s ascendancy.

10 Things Conservatives Don t Want You To Know About Ronald Reagan ThinkProgress

Indeed. I we had a Reagan equivalent in the White House, the economy would be growing at least 4% per year, and we'd have millions more employed people.

 

[Siete]

President Reagan has sent Congress its first trillion-dollar budget proposal--$1.024 trillion, to be precise--not exactly the kind of milestone a conservative President wants to have connected with his name in the record books.

When he took office, no one, including President Reagan, envisioned that federal spending would account for about one quarter of the U.S. economy....

fooled them then, still fooling them ...

 

[Toddsterpatriot]

Reagan took some economics in college, and he really did want to reduce the debt. But he got snookered by some Wall Street “economists” (mostly political journalists) who told him he could have his cake and eat it too. They came up with the brand-new theory, mentioned above, that said the government can collect more money by reducing taxes. Wouldn’t that be nice! That’s the supply-side economics that George H. W. Bush called Voodoo.


1. Reagan was a serial tax raiser. As governor of California, Reagan “signed into law the largest tax increase in the history of any state up till then.” Meanwhile, state spending nearly doubled. As president, Reagan “raised taxes in seven of his eight years in office,” including four times in just two years. As former GOP Senator Alan Simpson, who called Reagan “a dear friend,” told NPR, “Ronald Reagan raised taxes 11 times in his administration — I was there.” “Reagan was never afraid to raise taxes,” said historian Douglas Brinkley, who edited Reagan’s memoir. Reagan the anti-tax zealot is “false mythology,” Brinkley said.

2. Reagan nearly tripled the federal budget deficit. During the Reagan years, the debt increased to nearly $3 trillion, “roughly three times as much as the first 80 years of the century had done altogether.” Reagan enacted a major tax cut his first year in office and government revenue dropped off precipitously. Despite the conservative myth that tax cuts somehow increase revenue, the government went deeper into debt and Reagan had to raise taxes just a year after he enacted his tax cut. Despite ten more tax hikes on everything from gasoline to corporate income, Reagan was never able to get the deficit under control.

3. Unemployment soared after Reagan’s 1981 tax cuts. Unemployment jumped to 10.8 percent after Reagan enacted his much-touted tax cut, and it took years for the rate to get back down to its previous level. Meanwhile, income inequality exploded. Despite the myth that Reagan presided over an era of unmatched economic boom for all Americans, Reagan disproportionately taxed the poor and middle class, but the economic growth of the 1980’s did little help them. “Since 1980, median household income has risen only 30 percent, adjusted for inflation, while average incomes at the top have tripled or quadrupled,” the New York Times’ David Leonhardt noted.

4. Reagan grew the size of the federal government tremendously. Reagan promised “to move boldly, decisively, and quickly to control the runaway growth of federal spending,” but federal spending “ballooned” under Reagan. He bailed out Social Security in 1983 after attempting to privatize it, and set up a progressive taxation system to keep it funded into the future. He promised to cut government agencies like the Department of Energy and Education but ended up adding one of the largest — the Department of Veterans’ Affairs, which today has a budget of nearly $90 billion and close to 300,000 employees. He also hiked defense spending by over $100 billion a year to a level not seen since the height of the Vietnam war.

5. Reagan did little to fight a woman’s right to choose. As governor of California in 1967, Reagan signed a bill to liberalize the state’s abortion laws that “resulted in more than a million abortions.” When Reagan ran for president, he advocated a constitutional amendment that would have prohibited all abortions except when necessary to save the life of the mother, but once in office, he “never seriously pursued” curbing choice.

6. Reagan was a “bellicose peacenik.” He wrote in his memoirs that “[m]y dream…became a world free of nuclear weapons.” “This vision stemmed from the president’s belief that the biblical account of Armageddon prophesied nuclear war — and that apocalypse could be averted if everyone, especially the Soviets, eliminated nuclear weapons,” the Washington Monthly noted. And Reagan’s military buildup was meant to crush the Soviet Union, but “also to put the United States in a stronger position from which to establish effective arms control” for the the entire world — a vision acted out by Regean’s vice president, George H.W. Bush, when he became president.

7. Reagan gave amnesty to 3 million undocumented immigrants. Reagan signed into law a bill that made any immigrant who had entered the country before 1982 eligible for amnesty. The bill was sold as a crackdown, but its tough sanctions on employers who hired undocumented immigrants were removed before final passage. The bill helped 3 million people and millions more family members gain American residency. It has since become a source of major embarrassment for conservatives.

8. Reagan illegally funneled weapons to Iran. Reagan and other senior U.S. officials secretly sold arms to officials in Iran, which was subject to a an arms embargo at the time, in exchange for American hostages. Some funds from the illegal arms sales also went to fund anti-Communist rebels in Nicaragua — something Congress had already prohibited the administration from doing. When the deals went public, the Iran-Contra Affair, as it came to be know, was an enormous political scandal that forced several senior administration officials to resign.

9. Reagan vetoed a comprehensive anti-Apartheid act. which placed sanctions on South Africa and cut off all American trade with the country. Reagan’s veto was overridden by the Republican-controlled Senate. Reagan responded by saying “I deeply regret that Congress has seen fit to override my veto,” saying that the law “will not solve the serious problems that plague that country.”

10. Reagan helped create the Taliban and Osama Bin Laden. Reagan fought a proxy war with the Soviet Union by training, arming, equipping, and funding Islamist mujahidin fighters in Afghanistan. Reagan funneled billions of dollars, along with top-secret intelligence and sophisticated weaponry to these fighters through the Pakistani intelligence service. The Talbian and Osama Bin Laden — a prominent mujahidin commander — emerged from these mujahidin groups Reagan helped create, and U.S. policy towards Pakistan remains strained because of the intelligence services’ close relations to these fighters. In fact, Reagan’s decision to continue the proxy war after the Soviets were willing to retreat played a direct role in Bin Laden’s ascendancy.

10 Things Conservatives Don t Want You To Know About Ronald Reagan ThinkProgress

Indeed. I we had a Reagan equivalent in the White House, the economy would be growing at least 4% per year, and we'd have millions more employed people.

They came up with the brand-new theory, mentioned above, that said the government can collect more money by reducing taxes.

Wow, how silly! The tax receipts in 1989 must have been much less than they were in 1981.

 

[Toddsterpatriot]

President Reagan has sent Congress its first trillion-dollar budget proposal--$1.024 trillion, to be precise--not exactly the kind of milestone a conservative President wants to have connected with his name in the record books.

When he took office, no one, including President Reagan, envisioned that federal spending would account for about one quarter of the U.S. economy....

fooled them then, still fooling them ...

When he took office, no one, including President Reagan, envisioned that federal spending would account for about one quarter of the U.S. economy....

Spending peaked at 22.8% of GDP in 1983.
Reagan never spent 25%.

 

[The Rabbi]

I think we need the Reaganomics for a good America.

I think we need Reagan in the White House. Even today 10 years after his deathhe would still do a better job and command more respect than the undocumented Negro squatting in the WH now with his tranny wife.

 

[boilermaker55]

You deny facts so well. No wonder you don't have a coherent thought that is your own.
Bigot!

I think we need the Reaganomics for a good America.

I think we need Reagan in the White House. Even today 10 years after his deathhe would still do a better job and command more respect than the undocumented Negro squatting in the WH now with his tranny wife.

 

[SuperDemocrat]

I think we need the Reaganomics for a good America.

Don't you know how great things are now? It's never been better! I love Obama. Obama is my master and my master is good to me. I pray to him six times a day on a rug pointed to Washington. Keep the good times rolling!

 

[boilermaker55]

Both statements are made by children.
Isn't there a page for your childish mind.
The substance you invoke here shows you need to find that something more suitable for you lack of an IQ.

I think we need the Reaganomics for a good America.

Don't you know how great things are now? It's never been better! I love Obama. Obama is my master and my master is good to me. I pray to him six times a day on a rug pointed to Washington. Keep the good times rolling!