Trump's Policy Agenda More Scandalous than his Russian Ties
Kraichgauer
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Joined: 12 Apr 2010
Gender: Male
Posts: 47,739
Location: Spokane area, Washington state.
Reagan (one of the greatest presidents) stabilized the economy after one of the worse presidents, Carter destroyed it... High tax rates killed jobs and investment, bringing in less money for the government. Reagan cut tax rates and regulation, giving confidence back to employers. Resulting in a significant drop in unemployment, nearly 50%. In turn, bringing in more tax revenue for the government.
That ultimately resulted in violence, inflation and made us less competitive globally.
ACA is a clear example of wealth redistribution and it clearly doesn't work.
Under Reagan, the working class began losing ground, especially as their unions were weakened. From there, working people had less buying power, and so the businesses they patronized suffered as well. Ultimately, the only ones who got richer were those already rich. They were allowed to get away with making shoddy products, and to sell out the American people by going overseas. That trickle down bullsh*t is just that: bullsh*t, as little of that wealth trickled down to the American people.
No, the heyday of organized labor had seen expansion in the American economy, as far more Americans were allowed to reach middle class status. My dad had such a good wage with benefits thanks to the United Steelworkers Union that we lived very comfortably, and my mom didn't have to work when I was growing up. There is zero possibility that that could possibly be a bad thing.
And what violence? Seriously.
For all it's faults, the ACA gave millions of Americans medical coverage that they had previously been denied due to poverty or preexisting conditions. Let's see the Republicans accomplish that. And by the way, the ACA was in large part originally a Republican plan, dreamt up by the Heritage Foundation (a right wing think tank born out of opposition to civil rights).
And no, while Reagan was a popular President, that hardly made him a great President. He had engineered the decline of American greatness with his supply side economics, and his social conservative stance.
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-Bill, otherwise known as Kraichgauer
jrjones9933
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Joined: 13 May 2011
Age: 55
Gender: Male
Posts: 13,144
Location: The end of the northwest passage
It's also wealth redistribution when the workers don't get a raise commensurate with their productivity, but executive compensation increases by orders of magnitude. It's also wealth redistribution when businesses default on their pension obligations to bail out investors.
The Reagan tax reform was needed, but the lesson should have been that the correct level of taxes will stimulate economic growth, not that lower taxes are always better. Likewise, not that deficit spending is always good, but that deficit spending works to overcome irrational malaise.
I like some things about conservatism, but I chose to apply them situationally, where appropriate. The hardcore supporters have eschewed any such complicated ideas.
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"I find that the best way [to increase self-confidence] is to lie to yourself about who you are, what you've done, and where you're going." - Richard Ayoade
Source?
Also
You don't excoriate President Reagan for this?
That ultimately resulted in violence, inflation and made us less competitive globally.
Source?
Source? Even President Trump admitted that Australia's health care system is better than ours.
We had "stagflation," primarily, under Presidents Ford and Carter. It actually started around 1970, with Nixon. I lived through those times.
I'm not a Republican, and I'm not a great fan of Reagan's policies.
But the fact is.....after 1982 or so, the economy in the US improved dramatically.
By many measures. Interest rates went down. Inflation went down. Earnings, etc., went up.
It was a better time for many than what occurred in the 1970s.
y many measures. Interest rates went down. Inflation went down. Earnings, etc., went up.
It was a better time for many than what occurred in the 1970s.
Unfortunately, the poor stayed poor, by and large.
Stagflation was more a 1970s phenomenon. I don't believe it would have mattered who the President was. It happened under both Republicans and Democrats.
But....like anything else, it depends on where you are. Cities probably did better than rural areas in the 1980s. Unfortunately, the poor stayed poor, by and large, though.
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