the Reagan myth and how he destroyed the United States

  • tj85016

    Posts: 4123

    Jun 11, 2014 8:34 PM GMT
    this is all verifiable truth written for the edification of "jockfever" and other deluded Republicans


    Two of the most-egregious examples of what happened under Ronald Reagan. Reagan negotiated a package of tax cuts along with spending reductions that were promised by Tip O'Neill. The tax cuts were signed into law and became immediately operative. The spending reductions never happened and Reagan, instead of demanding that they do so before he was willing to sign a single additional bill into law, buckled.

    The spiral of government deficits and debt acceleration came directly from that act. For that act of theft by deception Reagan deserves to have his grave pissed on daily by every single American that has seen their purchasing power destroyed in the intervening years. You got screwed by that clown's refusal to stand on his principles and enforce the deal Tip made with him, and you continue to get fucked to this day. Every single dollar spent in deficit comes out of your purchasing power; it must, as a matter of mathematics.

    But Reagan didn't stop there. He also provided "one time" amnesty in 1986 for anyone here before 1982 under the provision that the flow of immigrants into this country on an illegal basis was going to be stopped and that 100% verification of employable status was going to be enforced.

    But when the bill got to his desk the enforcement provisions had been watered down into irrelevance at the insistence of corporate and business lobbyists and the Chamber of Commerce. Reagan signed it anyway despite it not being what he negotiated.

    Amnesty was granted. The flow of illegals not only didn't stop, it accelerated, and by virtually any accounting you wish to use. There are more than double the number of illegal invaders in this country today compared against 1986. You can count on the fingers of one hand the number of people imprisoned for employing illegal immigrants since that day as well.

    See a pattern here?

    You ought to.
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    Jun 11, 2014 8:53 PM GMT


    Which probably lead to the "cheap labor" mantra of todays corporate America icon_rolleyes.gif
  • tj85016

    Posts: 4123

    Jun 11, 2014 8:59 PM GMT
    scruffLA said

    Which probably lead to the "cheap labor" mantra of todays corporate America icon_rolleyes.gif


    yep, cheap labor = you . . . and spiraling costs

    the morons on TV actually tell you deflation is bad, when the only people it's bad for are the BANKS.

    My first job offer out of Villanova (from Avon R&D in Suffern, NY) was for $21,400 (in 1980)

    Now kids graduating TODAY don't see that.
  • tango02

    Posts: 71

    Jun 11, 2014 11:32 PM GMT
    Reagonomics 101 - trickle down economics never really trickled down the way he envisioned it to.
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    Jun 13, 2014 2:17 PM GMT
    tango02 said ... never really trickled down the way he envisioned it to.
    i think it did, just not into mid class pay checks.
  • GQjock

    Posts: 11649

    Jun 13, 2014 7:12 PM GMT
    We are now living the republican dream
    Outsourced jobs ....tax havens in every corner of the world ...income discrepancy like with haven't seen since the days of the robber barons ... Privatization of everything that the government had dine before with higher cost and no better service so thank you Ronnie you Alzheimered old geezer you and you pals did what you set out to do You killed the middle class
  • tazzari

    Posts: 2937

    Jun 13, 2014 7:21 PM GMT
    He couldn't e it without the help of a lot of stupid voters.
  • tango02

    Posts: 71

    Jun 14, 2014 5:42 AM GMT
    pellaz said
    tango02 said ... never really trickled down the way he envisioned it to.
    i think it did, just not into mid class pay checks.


    you should read this

    http://en.wikipedia.org/wiki/Trickle-down_economics

    and this

    http://www.faireconomy.org/research/TrickleDown.html

    increasing wages for middle class workers by giving tax breaks to the rich is one of the key components of trickle down economics, though there are other factors too.
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    Jun 14, 2014 6:03 AM GMT
    tango02 said
    pellaz said
    tango02 said ... never really trickled down the way he envisioned it to.
    i think it did, just not into mid class pay checks.


    you should read this

    http://en.wikipedia.org/wiki/Trickle-down_economics

    and this

    http://www.faireconomy.org/research/TrickleDown.html

    increasing wages for middle class workers by giving tax breaks to the rich is one of the key components of trickle down economics, though there are other factors too.


    It only works as a short-term stimulus. People are confused about "tax breaks" and "targeted tax cuts."

    We need an across-the-board cut in rates, stop the insane double-taxation especially on capital gains, and a true reduction in gov't spending.

    I know, it's like a broken record.

    The other day in congress there was a vote on tax cuts for small businesses - a nice gesture, I suppose, but just tinkering at the margins. It's also just another example of the government picking and choosing, planning and directing the economy, etc.

    Even still there was some fossilized old Democrat in a bow tie and ugly suit jacket (have no idea who he is, and don't really care) yelling about how "this will add to the deficit!!!"

    God, it's paralysis.
  • roadbikeRob

    Posts: 14351

    Jun 14, 2014 1:27 PM GMT
    tango02 saidReagonomics 101 - trickle down economics never really trickled down the way he envisioned it to.
    That's exactly it. Reaganomics looked great on paper but in actual public policy, they were a disastrous failure. In the long run, Reaganomics bankrupted the US.
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    Jun 14, 2014 2:49 PM GMT
    i am more inclined to think how he killed off quite a few gays by ignoring the hiv epidemic, whatever.
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    Jun 14, 2014 3:47 PM GMT
    Reagan inherited an economic situation which was arguably worse than that which existed when Maobama occupied the White House.

    The Reagan administration came to power at a time when unemployment, inflation, and interest rates were in double digits.

    Reagan's economic policies triggered a twenty-five-year boom which was the greatest period of wealth creation in human history.

    Anyone who is too stupid or too prejudiced to recognize the above fact should do everyone two favors:

    (1) Don't litter RJ with your ignorant posts, and

    (2) stay home and don't vote.

    It's gratuitously nuts to slam Reagan while we are living through the incredible destruction and misery caused by the very opposite of Reaganomics, i.e., jackass economics.

    Among other things, jackass economics is
    killing millions of decent jobs,
    causing a historically low labor-force-participation rate,
    creating negative GDP growth,
    causing declining real household incomes,
    expanding poverty,
    crushing current and future generations with unsustainable debt,
    engaging in fiscal insanity,
    printing fiat currency out of thin air,
    hollowing out the private sector,
    reducing economic freedom,
    reducing the standard of living of the average American,
    and
    producing unprecedented government dependency.

    Jackass economics, practiced by Obama and his accomplices, and supported by dopes here at RJ, has triggered a period of incalculable, unnecessary economic destruction.

    Obama/Statist toadies don't deserve to live in a free, civil, prosperous society.
  • tj85016

    Posts: 4123

    Jun 14, 2014 9:38 PM GMT
    ^^

    Reagan didn't do jack shit, it was all Paul Volker
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    Jun 14, 2014 11:06 PM GMT
    What America needs right now is a man like President Reagan; Obama has failed you, and some delusional think Chillery will give you hope. But Just as America once had President Reagan, Bob Hope and Johnny Cash, it's now without hope and cash.
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    Jun 14, 2014 11:38 PM GMT
    I have no idea what you're babbling about, Pattison. You know nothing about American politics.

    Reagan was the worst president of all time. He started the country down the path of voodoo economics, leading to where we are today. Bush the Younger was stupid, but Reagan was actually evil.
  • tazzari

    Posts: 2937

    Jun 14, 2014 11:43 PM GMT
    tango02 saidReagonomics 101 - trickle down economics never really trickled down the way he envisioned it to.


    trickle down economics = piss on the guy below you economics