Thread: Remember Ronald Reagan

I still have the paperback "Reagonomics"

Saw him at a rally in San Diego for Bush Sr. in '88

That Silver Spoons dude was there at the rally...he was like 18 then. lol

Trickle down Economics.........Damm I miss Ronny.

Originally Posted by tesla

i still have the paperback "reagonomics"

saw him at a rally in san diego for bush sr. In '88

that silver spoons dude was there at the rally...he was like 18 then. Lol

trickle down economics.........damm i miss ronny.

lol

Originally Posted by jagbender

When Ronald Reagan was president we also had Bob Hope and Johnny Cash

Now we have Obama, we have NO Hope and NO Cash.

Good one

Originally Posted by Gena Marie

Good one

Ditto. I miss Ronnie. Weird to say that since I was a bit too young to care about politics at the time.

Reagan was cool....he bombed Libya for terrorism before it was popular

Really? The only thing beneficial that guy did was die.

You can thank him for the deficit, the taliban, and the war on drugs.

I didn't say he did anything good or bad, just well liked.

The deficit became a surplus during Clintons administraton too I think. So unless you believe Obama is responsible for the state of the current economy I would think it was Reagan is who created that surplus

Originally Posted by edp71u528

I didn't say he did anything good or bad, just well liked.

The deficit became a surplus during Clintons administraton too I think. So unless you believe Obama is responsible for the state of the current economy I would think it was Reagan is who created that surplus

Clintons surplus came 6 years after Reagan was out of office, and I would give some of that credit to Bush Sr. He was smart enough to raise taxes when taxes needed to be raised. It cost him a second term, but it was what the country needed.

Reagan takes a ton of credit for cutting taxes, which he did do. He also followed up that tax cut by raising taxes 9 times after that.

We also had a huge savings and loans (also read as mortgage) crises under Reagan's watch, it was a lot like the one we just had with Bush Jr, and in fact includes some of the same players. Coincidence?

He also decided we were going to fight a war on drugs. Which is kicking our asses if you haven't noticed. Trillions of dollars gone to stop consenting adults from hurting themselves? What a waste!

Originally Posted by hoyle21

Clintons surplus came 6 years after Reagan was out of office, and I would give some of that credit to Bush Sr. He was smart enough to raise taxes when taxes needed to be raised. It cost him a second term, but it was what the country needed.

Reagan takes a ton of credit for cutting taxes, which he did do. He also followed up that tax cut by raising taxes 9 times after that.

We also had a huge savings and loans (also read as mortgage) crises under Reagan's watch, it was a lot like the one we just had with Bush Jr, and in fact includes some of the same players. Coincidence?

He also decided we were going to fight a war on drugs. Which is kicking our asses if you haven't noticed. Trillions of dollars gone to stop consenting adults from hurting themselves? What a waste!

I think I agree with all of that except the time frame on the savings and loan crisis was '82 wasn't it. So the legislation that created the ability for failure most likely happened before '80 when Reagan was elected. The current crisis started with a push for greater home ownership and took many years to form. So I am assuming the S&L crisis didn't happen overnight either.

I think what Reagan did was allow people to believe in a better tomorrow..

Just like Obama....."YES WE CAN"

Originally Posted by Tesla

Trickle down Economics..

is not taught in any education system anywhere in the world....must be a reason for that