Reagan Insider: GOP Destroyed US Economy

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Back "in 1981, traditional Republicans supported tax cuts," but Stockman makes clear, they had to be "matched by spending cuts, to offset the way inflation was pushing many taxpayers into higher brackets and to spur investment. The Reagan administration's hastily prepared fiscal blueprint, however, was no match for the primordial forces -- the welfare state and the warfare state -- that drive the federal spending machine."
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They wanted the economy, markets and the government to be under the absolute control of Wall Street's too-greedy-to-fail banks. They conned Congress and the Fed into bailing out an estimated $23.7 trillion debt. Worse, they have since destroyed meaningful financial reforms. So Wall Street is now back to business as usual blowing another bigger bubble/bust cycle that will culminate in the coming "American Apocalypse."
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Interesting.
 
The government is deeply corrupted these days with all the lobbyists putting money in everyone's pockets.
 
Banjo said:
The government is deeply corrupted these days with all the lobbyists putting money in everyone's pockets.
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Yeah, I know. It beats all how anyone can be excited about the November elections!
 
Wirelessly posted (Samsung Epix (i907))

They should put this on 'Destroyed in Seconds' tv show.
 
Wirelessly posted

I can visualize my American-Canadian mentors screaming, "I told you so! That's why I left the States!"
 
souggy said:
Wirelessly posted

I can visualize my American-Canadian mentors screaming, "I told you so! That's why I left the States!"
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Canada FTW!!!
 
Doesn't FTW mean "For the win?"
 
Beowulf said:
Reagan insider: GOP destroyed economy Paul B. Farrell - MarketWatch

Just throwing this in to counter some claims, if you know what I mean... :D
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10 Reasons President Obama is Failing 95 Million American Investors: Piling Trillions of Debt on Future Generations, on Top of Bush-Cheney Trillions by Paul B. Farrell.

10 Reasons President Obama is Failing 95 Million American Investors: Piling Trillions of Debt on Future Generations, on Top of Bush-Cheney Trillions Wall Street Warzone
 
kokonut said:
10 Reasons President Obama is Failing 95 Million American Investors: Piling Trillions of Debt on Future Generations, on Top of Bush-Cheney Trillions by Paul B. Farrell.

10 Reasons President Obama is Failing 95 Million American Investors: Piling Trillions of Debt on Future Generations, on Top of Bush-Cheney Trillions Wall Street Warzone
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Yup, I'm aware of that. The only difference is that you speak of the November elections with evangelistic glee while to me it is same old, same old. *shrugs*
 
Beowulf said:
Yup, I'm aware of that. The only difference is that you speak of the November elections with evangelistic glee while to me it is same old, same old. *shrugs*
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Yup.

November 1994

and

November 2006

You can have winner and loser. :zzz:
 
darkdog said:
In short, it's the spending, stupid.
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Um, what about Americans? They spent like there's no tomorrow too.

And what about taxes being too low? We don't pay enough taxes to match the services we demand. It's like demanding that M&M be 5 cents. It just can't operate like that.

Cut spending and you'll hear plenty of angry voters demanding that they get their jobs back... like police, teachers, firemen, public officials, etc.

You have to spend to invest. That's the way it works.
 
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