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2000monkey
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Re: Obama elected President
Reply #9560 - Mar 26th, 2010 at 10:35am
Pdog wrote on Mar 26 th, 2010 at 8:18am: Riffhard wrote on Mar 25 th, 2010 at 7:37pm: P Doggy Dog is wrong about most things, most of the time, but he's wrong about Reagan all of the time.
Let's take a look at some real honest to God facts, shall we? Yes we shall! Must be nice to be liberal and rewrite history at will, huh Pdog?
All I know is that when Reagan was president people were damned proud of America. This fucking clueless America hating fucktart has been apologizing for us since his coronation. Fuck him! He's not even deserving of being mentioned in the same breath as Ronald Reagan. If any of you Obummer drones think that Obama ranks as highly as Reagan then you are out of your fucking minds!
Riffy
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According to a 1996 study from the Cato Institute:
On 8 of the 10 key economic variables examined, the American economy performed better during the Reagan years than during the pre- and post-Reagan years.
Real median family income grew by $4,000 during the Reagan period after experiencing no growth in the pre-Reagan years; it experienced a loss of almost $1,500 in the post-Reagan years.
Interest rates, inflation, and unemployment fell faster under Reagan than they did immediately before or after his presidency.
The only economic variable that was worse in the Reagan period than in both the pre- and post-Reagan years was the savings rate, which fell rapidly in the 1980s.
The productivity rate was higher in the pre-Reagan years but much lower in the post-Reagan years. In the last year of the Carter Administration (1980) the US inflation rate climbed to a peak of 14.8%, the top individual tax payer rate was 78%, unemployment was 7.4%, federal outlay was 17% higher than the economy's growth rate, and the federal government grew while enacting loads of new spending programs.
During this period, the US economy was the worst it had been since the Great Depression of the 1930s. The nation was in quite a deep hole of economic collapse when the new president Ronald Reagan took office in January 1981. Reagan had to devise a constructive, sound tax and monetary policy to pull the US out of its economic low point.
Stephen Moore of the Cato Institute stated that "no act in the last quarter century had a more profound impact on the US economy of the eighties and nineties than the Reagan tax cut of 1981." He claims that Reagan's tax cuts, combined with an emphasis on federal monetary policy, deregulation, and expansion of free trade created a sustained economic expansion creating America's greatest sustained wave of prosperity ever.
The American economy grew by more than a third in size, producing a $15 trillion increase in American wealth. Every income group, from the richest, middle class and poorest in this country, grew its income (1981-1989). Consumer and investor confidence soared. Cutting federal income taxes, cutting the US government spending budget, cutting useless programs, scaling down the government work force, maintaining low interest rates, and keeping a watchful inflation hedge on the monetary supply was Ronald Reagan's formula for a successful economic turnaround. The economic principle that business expansion, jobs and wealth follow low tax rates is widely accepted. Cato is a pretty reliable fair source for info, I applaud on using them to show how 8 years of Reagan stacks up to less than 2 for a man you despise.... see my above post for numbers... your Cato part is great as I sais... but, your first diatribe... all opinion. Americans were damned proud? You guage this how? By the america you lived in... which is where the argument ends... you lived in a great time, not everyone did, some suffered under the very things you got to prosper under. I grew up in a time that we had no health ins. little money and we scraped by... That shaped my ideasls... personal exp. you seem to think my exp. and being ok with now having and knowing as a nation and people we can provide for the "general welfare" of our people is wrong... Conservative means not changing, you want it like you remember it being in the 80's... I don't, I don't want to re-live anything, I'm about doing something different... better to regret a change than doing the same thing and expecting different results. The 80's sucked for me, the only thing good about it was punk rock and music... the jocks were dicks, crack was everywhere, people were scared to death of AIDS and nuclear war... What were you damned proud of? Ford and General fucking Motors? Whenever we flexed muscle and dropped a bomb? Everytime a black man got 5 yrs for a rock and a white dude with an oz of powder blow got off or little time? Maybe you cheered everytime a gay man died from AIDS... These were people I knew, not just headlines, while you were playing volleyball in backyard, with no worries. I'd be proud of that too, you should be, but if you ignore the world around you, it is false pride and it will bite you in the ass.... as it does today. You do realize, that liberals and progressives are winning right now? Despite all the reactions and lies, like you denying death threats immeadiately without a shred of humanity towards those in the target, until one of your own is also in the line... which is now even kinda vague... you go on, be a sore loser... just like you were a sore winner. If we went back in time, and everything was like it was in the 80's, you'd still be an angry miserable complaining about everyone else person... it's not that you can stop change around you, because you can't, you just don't won't yourself to change, you'd rather not, and that takes alot of eefort to not to that work on yourself... it's your time and energy wasted on avoiding the truth, that it isn't 1986, it is 2010... and your side is lsoing today. Denial is a bitch... Refusal to accept the truth, has severe mental and physical health risks... along with a complete loss of spiritual connection. Have fun being miserable.... Oxymoron... Criticisms of the Cato Institute. Part of the "Critiques of Libertarianism" site. http://world.std.com/~mhuben/libindex.html Last updated 11/16/08. A "libertarian" quasi-academic think-tank which acts as a mouthpiece for the globalism, corporatism, and neoliberalism of its corporate and conservative funders. Cato is an astroturf organization: there is no significant participation by the tiny libertarian minority. They do not fund it or affect its goals. It is a creature of corporations and foundations. The major purpose of the Cato Institute is to provide propaganda and soundbites for conservative and libertarian politicians and journalists that is conveniently free of reference to funders such as tobacco, fossil fuel, investment, media, medical, and other regulated industries. Cato is one of the most blatant examples of "simulated rationality", as described in Phil Agre's The Crisis of Public Reason. Arguments need only be plausibly rational to an uninformed listener. Only a tiny percentage will notice that they are being mislead. That's all that's needed to manage public opinion.
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