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Title: ThinkProgress Celebrates Ronald Reagan's Birthday By Marketing Its Top Ten Lies Intended ro Smear the 20th Century's Greatest President
Source: [None]
URL Source: http://directorblue.blogspot.com/20 ... celebrates-ronald-reagans.html
Published: Feb 6, 2011
Author: directorblue
Post Date: 2011-02-06 16:49:40 by no gnu taxes
Keywords: None
Views: 74225
Comments: 100

It didn't take long for the loons at ThinkRegress to begin attacking the memory of the 20th century's greatest president. The culmination of their effort -- '10 Things Conservatives Don’t Want You To Know About Ronald Reagan' -- is a list of Reagan's policies that conservatives supposedly want to hide from the general public.

Reagan was not the man conservatives claim he was. This image of Reagan as a conservative superhero is myth, created to untie the various factions of the right behind a common leader. In reality, Reagan was no conservative ideologue or flawless commander-in-chief. Reagan regularly strayed from conservative dogma — he raised taxes eleven times as president while tripling the deficit — and he often ended up on the wrong side of history, like when he vetoed an Anti-Apartheid bill.

ThinkProgress' "top 10 things conservatives rarely mention when talking about President Reagan" are as follows:

" 1. Reagan was a serial tax raiser" - Reagan suffered from overwhelming Democrat majorities in Congress when he took office. While he desperately wanted to strip away huge swaths of government (including eliminating the then newly created Department of Education), he had no choice but to compromise with the Democrats who controlled the budgetary purse-strings. When Reagan left office, the top marginal tax rate was 28% (today's it's 35% and under Bill Clinton it was nearly 40%).

"2. Reagan nearly tripled the federal budget deficit by enacting a major tax cut his first year in office and government revenue dropped off precipitously" - Another flat-out lie. Before his 25 percent across-the-board cut in individual income-tax rates went into effect, government receipts from individual income taxes trickled in at $244.1 billion. The year Reagan left office, they totaled $445.7 billion -- an 82 percent jump. As for the deficits, Democrats outspent every one of the nine budgets Reagan proposed but one. Further, Democrats refused to make corresponding cuts in wasteful domestic programs to offset the defense appropriations Reagan needed to combat the Soviet Union after the Carter administration's foreign policy disasters (e.g., Iran, Afghanistan, et. al.).

"3. Unemployment soared after Reagan’s 1981 tax cuts" - Before the full tax-relief package was passed -- against the wishes of many Democrats, by the way -- the jobless rate hit 9.6 percent. But as the cuts rippled through the economy, unemployment dropped every year after 1983, reaching a low of 5.3 percent in 1989. And tax cuts benefited minorities, too. The jobless rate among blacks plunged from 19.5 percent in 1983 to 11.4 percent in 1989.

"4. Reagan grew the size of the federal government tremendously" - this again omits the role of Congressional Democrats who controlled the purse-strings and refused to axe the programs and agencies that Reagan requested. In fact, the media portrayed Reagan as "heartless" and depicted him as "laughable and malevolent" for his attempts to strip away the federal bureaucracy. But the only way the Democrat Congress would accept a defense buildup and tax cuts was for Reagan to agree to their domestic spending agenda. In fact, the budget deficits of the 1980s made the surpluses in the 1990s possible; the balanced budget was aided by surging tax revenues from a healthy, low-tax economy and immense defense savings made possible by the fall of the Soviet Union.

"5. Reagan did little to fight a woman’s right to chose [sic]" - Reagan was adamant about ending the practice of 'abortion on demand' and proposed that legislation be drafted to do so (you can hear Reagan's 1983 address on this subject); but he "had little success in gaining its acceptance by Congress."

" 6. Reagan was a “bellicose peacenik.”" - this is sheer revisionist idiocy; Reagan believed, first and foremost, in peace through strength. He gave dozens of speeches on this topic, rebuilt the U.S. military after Carter had stripped it bare, and created the impetus for the oft-derided SDI ("Star Wars") program that has since become an essential part of U.S. national security strategy. His famous slogans on this topic were "peace through strength" and "trust but verify".

" 7. Reagan gave amnesty to 3 million undocumented immigrants" - The Democrat leadership in Congress promised to enact strict enforcement measures as a trade for a one-time amnesty deal. In an effort to control the border, Reagan went along with the deal. At the time (1986), the measures were marketed by Democrats as as being able to stop illegal immigration. Ted Kennedy himself sold the enforcement clauses of the law as strong enough to ensure that only a one-time amnesty would be needed. But, as is their standard practice, Democrats lied about sealing the border.

Reagan himself said, "This country has lost control of its borders. And no country can sustain that kind of position."

" 8. Reagan illegally funneled weapons to Iran" -Democrats launched a six-year, $40 million investigation of Reagan in a politically inspired witch-hunt. Reagan was, in fact, found guilty of absolutely nothing. Furthermore, indictments were intentionally handed down mere days before the 1992 election that pitted George H. W. Bush against Bill Clinton -- presumably to levy the maximum amount of political damage on the GOP candidate. Near the end of the investigations, The Baltimore Sun reported that a "federal trial judge in Washington dismissed Oliver North's conviction" and that "[c]riticism of Mr. Walsh's prosecution and of the law that authorized it will become more intense [because the] public has gotten precious little from his [at the time] $30 million, four-year effort".

"9. Reagan vetoed a comprehensive anti-Apartheid act" - Reagan vehemently opposed apartheid ("Apartheid is morally wrong and politically unacceptable [... the] United States cannot maintain cordial relations with [such] a government") but he did not support the approach advocated by Congress. He issued an executive order restricting trade with the Pretoria government and virtually ended inter-bank dealings. But he believed that Congress' unilateral sanctions would harm blacks most of all and eradicate all of the leverage he wanted to bring to bear on South Africa. He wanted a timetable for the elimination of apartheid laws, the release of all political prisoners (especially Nelson Mandela) and a removal of the ban on black political movements. He felt he could not negotiate with the South African government if he had nothing to trade. His 1986 speech -- "Ending Apartheid in South Africa" -- comprehensively described his plans and approach.

" 10. Reagan helped create the Taliban and Osama Bin Laden" - Gee, next they'll be complaining that we had to side with the Soviets to defeat the Nazis. This sort of leftist lunacy simply rewrites history. We needed to sabotage the Soviets' efforts in Afghanistan to prevent a dramatic power-shift in the Middle East. Blaming Reagan for the Taliban and Bin Laden is like blaming Henry Ford for the problem of too many scrap tires.

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#1. To: no gnu taxes (#0)

30th Century?

Well, [war's] got to do something for attention, his multiple personalities aren't speaking to him any more, and his imaginary friends keep finding excuses not to come over.

Rudgear  posted on  2011-02-06   18:05:45 ET  Reply   Trace   Private Reply  


#2. To: Rudgear (#1) (Edited)

Gee, next they'll be complaining that we had to side with the Soviets to defeat the Nazis

The right wing scum always attacked FDR for this so why can't Reagan be attacked for this as well? In reality, it is not even the same thing because the USA did not create the USSR but under Reagan it actually created the jihadi networks....

In any case Reagan's legacy is the collapse of Wall Street 20 years later after his policies came forth.....

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-06   20:22:35 ET  Reply   Trace   Private Reply  


#3. To: no gnu taxes (#0)

"9. Reagan vetoed a comprehensive anti-Apartheid act" - Reagan vehemently opposed apartheid ("Apartheid is morally wrong and politically unacceptable [... the] United States cannot maintain cordial relations with [such] a government") but he did not support the approach advocated by Congress. He issued an executive order restricting trade with the Pretoria government and virtually ended inter-bank dealings. But he believed that Congress' unilateral sanctions would harm blacks most of all and eradicate all of the leverage he wanted to bring to bear on South Africa. He wanted a timetable for the elimination of apartheid laws, the release of all political prisoners (especially Nelson Mandela) and a removal of the ban on black political movements. He felt he could not negotiate with the South African government if he had nothing to trade. His 1986 speech -- "Ending Apartheid in South Africa" -- comprehensively described his plans and approach.

Yea, Reagan had a plan that was never implemented and apartheid fell under the harsher system Reagan did not want to impose.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-06   20:24:56 ET  Reply   Trace   Private Reply  


#4. To: Godwinson (#2)

he right wing scum always attacked FDR for this so why can't Reagan be attacked for this as well?

That's really your whole argument, isn't it? Get-evenism.

Well, [war's] got to do something for attention, his multiple personalities aren't speaking to him any more, and his imaginary friends keep finding excuses not to come over.

Rudgear  posted on  2011-02-06   20:54:51 ET  Reply   Trace   Private Reply  


#5. To: Rudgear (#4)

That's really your whole argument, isn't it? Get-evenism.

No, just pointing out Republican hypocrisy.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-06   21:48:10 ET  Reply   Trace   Private Reply  


#6. To: Godwinson (#5)

No, just pointing out Republican hypocrisy.

While ignoring Democrat hypocrisy. Typical kool aid drinker.

Well, [war's] got to do something for attention, his multiple personalities aren't speaking to him any more, and his imaginary friends keep finding excuses not to come over.

Rudgear  posted on  2011-02-06   22:07:30 ET  Reply   Trace   Private Reply  


#7. To: Rudgear (#6)

While ignoring Democrat hypocrisy. Typical kool aid drinker.

That's the Republican hypocrisy on display - lol! You can only stand criticism if you can do it against the Democrats, too.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-06   23:05:20 ET  Reply   Trace   Private Reply  


#8. To: no gnu taxes (#0)

Homosexual prostitution inquiry ensnares VIPs with Reagan, Bush ‘Call boys’ took midnight tour of White House

Paul M. Rodriguez and George Archibald The Washington Times June 29, 1989

A homosexual prostitution ring is under investigation by federal and District authorities and includes among its clients key officials of the Reagan and Bush administrations, military officers, congressional aides and US and foreign businessmen with close social ties to Washington's political elite, documents obtained by The Washington Times reveal.

Homosexual prostitution inquiry ensnares VIPs with Reagan, Bush

Parrot with speed dial  posted on  2011-02-06   23:44:59 ET  Reply   Trace   Private Reply  


#9. To: no gnu taxes (#0)

Briggs Initiative

California Proposition 6 was an initiative on the California State ballot on November 7, 1978,[1] and was more commonly known as The Briggs Initiative.[2] Sponsored by John Briggs, a conservative state legislator from Orange County, the failed initiative would have banned gays and lesbians, and possibly anyone who supported gay rights, from working in California's public schools. The Briggs Initiative was the first failure in a movement that started with the successful campaign headed by Anita Bryant and her organization Save Our Children in Dade County, Florida to repeal a local gay rights ordinance.

Harvey Milk was instrumental in fighting the measure, and opposition from Ronald Reagan helped defeat it.

Parrot: Raygun opened the door for the degenerates.
Maybe he was influenced by Nancy,...who was* influenced by numerous homosexuals who circled her life.
various internet articles exist with details on [how exactly gay are Nancy's friends]
and more articles on Homosexual rings busted up...linked to Rayguns State admin.

Parrot with speed dial  posted on  2011-02-07   0:01:58 ET  Reply   Trace   Private Reply  


#10. To: no gnu taxes (#0)

he had no choice but to compromise with the Democrats who controlled the budgetary purse-strings.

He had control of the Senate and effective control of the House through a coalition of Blue Dog Democrats and Republicans.

And he could have vetoed any legislation he didn't like. Instead, he signed the largest tax hikes ever into law, bailed out Social Security, tripled the debt, and granted amnesty to millions of illegals while selling weapons to terrorists.

Since January 3, 2011, Republicans have controlled the power of the purse.

go65  posted on  2011-02-07   8:33:42 ET  Reply   Trace   Private Reply  


#11. To: go65, no gnu taxes (#10) (Edited)

He had control of the Senate and effective control of the House through a coalition of Blue Dog Democrats and Republicans.

And he could have vetoed any legislation he didn't like. Instead, he signed the largest tax hikes ever into law, bailed out Social Security, tripled the debt, and granted amnesty to millions of illegals while selling weapons to terrorists.

Let's not forget St. Ronnie legalized abortion in California before Roe V Wade but di dnot mind being anti- abortion in rhetoric for the rubes - he just never did anything about ending abortion and even appointed O'Conner to the Supreme Court who was a pro abortion rights judge.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-07   9:09:48 ET  Reply   Trace   Private Reply  


#12. To: Godwinson (#11)

Let's not forget St. Ronnie legalized abortion in California before Roe V Wade

I honestly never knew that. Now lets put it in some context. Also do you think Obama will ever come around to the good side on this issue?

As president, Ronald Reagan was an unflagging champion of unborn human life. “Today there is a wound in our national conscience,” Reagan told a joint session of Congress in his 1986 State of the Union. “America will never be whole as long as the right to life granted by our Creator is denied to the unborn.”

But honest discussions of Reagan’s record on the abortion issue admit that as California governor he signed into law a liberalization of abortion that led to an explosion of abortions in the nation’s largest state. Reagan critics and supporters alike recognize this fact — one that is particularly tough to swallow for staunch pro-lifers. The full story, however, is more complicated — and worth setting straight now, 35 years after Roe v. Wade.

On June 14, 1967, Ronald Reagan signed the Therapeutic Abortion Act, after only six months as California governor. From a total of 518 legal abortions in California in 1967, the number of abortions would soar to an annual average of 100,000 in the remaining years of Reagan’s two terms — more abortions than in any U.S. state prior to the advent of Roe v. Wade. Reagan’s signing of the abortion bill was an ironic beginning for a man often seen as the modern father of the pro-life movement. How did this happen?

When the issue surfaced in the first months of his governorship, Reagan was unsure how to react. Surprising as it may seem today, in 1967 abortion was not the great public issue that it is today. Reagan later admitted that abortion had been “a subject I’d never given much thought to.” Moreover, his aides were divided on the question.

Reagan began to vigorously study the issue and the Therapeutic Abortion Act. He asked his longtime adviser and Cabinet secretary Bill Clark — a devout Catholic who had contemplated the priesthood — for counsel. “Bill, I’ve got to know more — theologically, philosophically, medically,” Reagan confided. Clark loaded up the governor with a box of reading materials, which he took home and read in semi-seclusion. Edmund Morris later said that, by the time the Therapeutic Abortion Act reached his desk, “Reagan was quoting Saint Thomas Aquinas.” Years later, Reagan remarked that he did “more studying and soul searching” on the issue than any other as governor.

Nonetheless, he signed the bill. Reagan and his staff calculated that if he vetoed the bill, his veto would be overridden by the state legislature. Therefore, he decided to do what he could to make the bill less harmful, arguing for the insertion of certain language that eliminated its worst features and allowed for abortion only in rare cases — such as rape or incest, or where pregnancy would gravely impair the physical or mental health of the mother.

The Therapeutic Abortion Act became law. And as would happen with nearly every abortion law in the years ahead, the mental-health provision was abused by patient and doctor alike. Reagan biographer Lou Cannon notes that even the bill’s Democratic sponsor confessed to being surprised that physicians so liberally interpreted the law.

Reagan was shocked at the unintended consequences of his action. Morris said Reagan was left with an “undefinable sense of guilt” after watching abortions skyrocket. Cannon claims this was “the only time as governor or president that Reagan acknowledged a mistake on major legislation.” Clark called the incident “perhaps Reagan’s greatest disappointment in public life.”

For Reagan, one good thing did come out of this disappointment. As Georgetown’s Matt Sitman notes, “It is impossible to understand his later staunchly pro-life positions without grasping the lessons he learned from this early political battle.” Reagan, says Sitman, survived the ordeal with a “profoundly intellectual understanding of the abortion issue…. It was in 1967 that his ideas concerning the beginning of human life were fully formed.” He now had a cogent understanding, politically and morally, of abortion and its implications.

Reagan would later denounce abortion so strongly and so frequently from the Oval Office that Bill Clark has compiled a 45-page document of Reagan’s quotes on abortion, collected from the official Presidential Papers. Reagan even authored a small book — Abortion and the Conscience of the Nation, featuring contributions from Bill Clark, Malcolm Muggeridge, and Mother Teresa — that was published by the Human Life Foundation in 1984. White House moderates wanted Reagan to delay publication until after the 1984 election, fearing it would turn off pro-choice Republicans, but Reagan refused. He would not be burned again on abortion. No more compromises.

Ronald Reagan emerged from 1967 repentant, but ready for future battles. The damage was done; of course, the results were nothing compared to the travesty that a group of men in black robes in Washington were planning six years later.

A K A Stone  posted on  2011-02-07   9:17:37 ET  Reply   Trace   Private Reply  


#13. To: All (#12)

link to the above

http://www.freerepublic.com/focus/f-news/1957926/posts

A K A Stone  posted on  2011-02-07   9:18:10 ET  Reply   Trace   Private Reply  


#14. To: no gnu taxes (#0)

And u're serious.

BWAHAHA

Iran hostages released 25 min After Reagan Inauguration.

Heinz/DefenseSec Tower die shortly after.

PATCO destroyed, then Poppy's Best Friends' Son attempts to kill Reagan.

Poppy takes over. Initiates IranContra.

Greenspan authorized to blow all bubbles necessary. S&L ScandalCrisis initiated.

Reagan: I don't know. I've got preAlzeimers.

8D

mcgowanjm  posted on  2011-02-07   9:22:39 ET  Reply   Trace   Private Reply  


#15. To: A K A Stone (#12)

As president, Ronald Reagan was an unflagging champion of unborn human life.

Which he never did a thing to end as president - and only appeared at anti-abortion rallies by telephone - not in person. The article is written by someone trying to defend Reagan so they make up excuses for what he did.

Face it, people have an idealized portrait of Reagan (or too negative a view of Reagan if you hate him) that is out of proportion to his actual record.

In any case, I think his policies were in the end more hurtful than helped the economy and probably did more long term harm by enabling the business community to break unions, and offshore manufacturing at the same time.

This attitude of "whatever business wants is good" almost led to our ruin and maybe still will.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-07   9:32:29 ET  Reply   Trace   Private Reply  


#16. To: mcgowanjm (#14)

Heinz/DefenseSec Tower die shortly after.

On April 4-5, 1991 both in air crashes.......

http://www.spartacus.schoolnet.co.uk/JFKheinz.htm

According to researcher Rodney Stich in Defrauding America, when George Bush Sr. and CIA Director William Casey engineered the October Surprise to bribe Iranian officials into retaining US hostages until after the 1980 elections, two of the passengers on Bush’s BAC 111 flight to Paris were Senator John Heinz, along with Senator John Tower from Texas.

Even more intriguing is the fact that John Heinz chaired a three-man presidential review board that probed the Iran-Contra affair and had in his possession all the damning documents from that sordid affair, while John Tower led the infamous Tower Commission that investigated a variety of different CIA criminal activities and dirty dealings. Coincidentally, both John Heinz and John Tower died in plane wrecks on successive days in 1991 – Tower in Georgia, and Heinz in Montgomery County, Pa. Once again I must ask: what are the odds of such an occurrence??

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-07   9:41:04 ET  Reply   Trace   Private Reply  


#17. To: A K A Stone (#12) (Edited)

I honestly never knew that.

http://archive.frontpagemag.com/readArticle.aspx?ARTID=22064

It was Governor Ronald Reagan of California who signed the Mulford Act in 1967, "prohibiting the carrying of firearms on one's person or in a vehicle, in any public place or on any public street."

Twenty-four years later, Reagan was still pushing gun control. "I support the Brady Bill," he said in a March 28, 1991 speech, "and I urge the Congress to enact it without further delay."

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-07   9:43:28 ET  Reply   Trace   Private Reply  


#18. To: Godwinson (#17)

Reagan was the greatest president of the 20th century and he is light years ahead of Obama.

A K A Stone  posted on  2011-02-07   9:52:30 ET  Reply   Trace   Private Reply  


#19. To: Godwinson (#15)

Face it, people have an idealized portrait of Reagan (or too negative a view of Reagan if you hate him) that is out of proportion to his actual record.

exaclty.

Since January 3, 2011, Republicans have controlled the power of the purse.

go65  posted on  2011-02-07   9:56:21 ET  Reply   Trace   Private Reply  


#20. To: A K A Stone (#18)

Reagan was the greatest president of the 20th century and he is light years ahead of Obama.

That would be FDR or his cousin Teddy.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-07   9:57:00 ET  Reply   Trace   Private Reply  


#21. To: Godwinson (#20)

That would be FDR or his cousin Teddy.

I'd give it to FDR. Teddy was too imperialistic for my liking. Clinton's my second.

1) FDR
2) Clinton
3) Truman
4) JFK
5) Carter
6) Ford
7) TR
8) LBJ
9) Wilson
10) Reagan
11) Harding
12) Collidge
13) Taft
14) Poppy
15) Hoover
16) Nixon

I think that's all of them.

About the only question I had was at the end...it's probabloy 15 "A" and "B".

war  posted on  2011-02-07   10:07:31 ET  Reply   Trace   Private Reply  


#22. To: war (#21)

I'd give it to FDR. Teddy was too imperialistic for my liking. Clinton's my second.

The economic collapse we had was 20 to 30 years in the making and Clinton policies were a major part of that. If the economic collapse did not happen - and it is a major systemic collapse - its not a recession like before - Reagan would be higher on my list too because at the time it looked like his economic policies of deregulation and hands off business produced results. Now we know it laid the seeds of our collapse and even though times were good under Clinton - his policies were part of that overall collapse.

Maybe, that's unfair and Bush made the problem worse and Gore if he was the one who was president at the time would have done a better job at preventing the collapse but I don't know at this time.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-07   10:14:35 ET  Reply   Trace   Private Reply  


#23. To: Godwinson (#20)

FDR was the worse president in American history. His banking holiday and amending the trading with the enemy act is still haunting us today. It was treason. I hope FDR goes to the extra hot place.

A K A Stone  posted on  2011-02-07   10:23:09 ET  Reply   Trace   Private Reply  


#24. To: A K A Stone (#23)

FDR was the worse president in American history. His banking holiday and amending the trading with the enemy act is still haunting us today. It was treason. I hope FDR goes to the extra hot place.

FDR saved America from collapse.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-07   10:25:28 ET  Reply   Trace   Private Reply  


#25. To: Godwinson (#24)

FDR saved America from collapse.

FDR prolonged the nation and put us in a state of emergency that still exists today.

Do you agree with him amending the trading with the enemy act to include Americans?

Do you agree with his closing down all the banks without congressional approval and stealing all the peoples gold.

Someone should have put a bullet in FDR's head on day numero uno.

A K A Stone  posted on  2011-02-07   10:27:13 ET  Reply   Trace   Private Reply  


#26. To: Godwinson (#16)

Even more intriguing is the fact that John Heinz

8D

's Widow married ANOTHER Senator John Kerry.

8D

mcgowanjm  posted on  2011-02-07   10:33:50 ET  Reply   Trace   Private Reply  


#27. To: A K A Stone (#25)

Someone should have put a bullet in FDR's head on day numero uno.

WWJD

Or Loughner.

Hey! Let's relax those AZ Gun Laws. O Sorry. Never mind.

They're so relaxed now they don't exist.

See AZ Lawmakers can carry weapons into Legislature.

O Boy we're gonna have some fun now.

How about Good Ole Abe. Think he shoulda been shot before the CW?

Andrew Jackson OK with you, AK?

How about the Fed Res.

BWHAHAHAHAHAHAHAHAHA

mcgowanjm  posted on  2011-02-07   10:36:53 ET  Reply   Trace   Private Reply  


#28. To: mcgowanjm (#27)

Abe is questionable. Andrew Jackson was a great president.

A K A Stone  posted on  2011-02-07   10:38:38 ET  Reply   Trace   Private Reply  


#29. To: Godwinson (#22)

What Clinton policy did you have in mind?

From where I sit, the "crisis" was caused by too much borrowed money. That gos square to the feet of the regulators.

war  posted on  2011-02-07   10:44:19 ET  Reply   Trace   Private Reply  


#30. To: A K A Stone (#25)

Do you agree with his closing down all the banks without congressional approval

Why did he need Congressaional approval?

war  posted on  2011-02-07   10:45:24 ET  Reply   Trace   Private Reply  


#31. To: war (#30)

Why did he need Congressaional approval?

Because we elect a president not a dictator.

He was a tyrant piece of shit.

A K A Stone  posted on  2011-02-07   10:46:37 ET  Reply   Trace   Private Reply  


#32. To: war (#29)

The Financial Services Modernization Act of 1999 did away with restrictions on the integration of banking, insurance and stock trading imposed by the Glass-Steagall Act of 1933, one of the central pillars of Roosevelt's New Deal. Under the old law, banks, brokerages and insurance companies were effectively barred from entering each others' industries, and investment banking and commercial banking were separated. That's on the Republican congress and the Clinton WH.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-07   10:54:59 ET  Reply   Trace   Private Reply  


#33. To: Godwinson (#32) (Edited)

Under the old law, banks, brokerages and insurance companies were effectively barred from entering each others' industries, and investment banking and commercial banking were separated. That's on the Republican congress and the Clinton WH.

The financial crisis while caused by a number of factors conspiring together none of which had anything to do with the above but came down to one thing:

Borrowing money to borrow more money to buy securities securitized with borrowed money which were packaged using...BORROWED MONEY and then, via the RP market used to borrow yet more money.

You cannot leverage the same dollar in 10 different places.

war  posted on  2011-02-07   11:02:29 ET  Reply   Trace   Private Reply  


#34. To: war (#33)

The financial crisis while caused by a number of factors conspiring together none of which had anything to do with the above but came down to one thing:

Which is why I say the problem is systemic and maybe traces to Reagan - even Carter (he was a deregulator also) but for sure the problem was in place from Reagan to Bush, jr with Clinton and Bush , Sr in between were we had an insane policy where we bowed down to Wall Street over Main Street in the hopes that Wall Street wealth would trickle down to main street.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-07   11:07:34 ET  Reply   Trace   Private Reply  


#35. To: A K A Stone (#28)

Abe is questionable. Andrew Jackson was a great president.

Thank you.

Good luck with your navigation of Assassinated/Shot at POTUS's and how Every Single One was against Private Banks/the Federal Reserve. 8D

mcgowanjm  posted on  2011-02-07   11:09:35 ET  Reply   Trace   Private Reply  


#36. To: Godwinson (#34)

It was an absolute failure of regulators from the Fed to the US treasury to the Comptroller to the CFTC.

war  posted on  2011-02-07   11:11:35 ET  Reply   Trace   Private Reply  


#37. To: mcgowanjm (#35)

Curious. Do you agree with me on Andrew Jackson?

A K A Stone  posted on  2011-02-07   11:13:52 ET  Reply   Trace   Private Reply  


#38. To: mcgowanjm, A K A Stone (#35)

Andrew Jackson was a great president.

Andrew Jackson was a genocidal monster.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-07   11:16:35 ET  Reply   Trace   Private Reply  


#39. To: Godwinson (#38)

He was great because he closed the bank of the United States.

A K A Stone  posted on  2011-02-07   11:19:18 ET  Reply   Trace   Private Reply  


#40. To: Godwinson (#38)

Andrew Jackson was a genocidal monster.

Genocide is a very big part of the democrats party platform. It is their sacred cow.

A K A Stone  posted on  2011-02-07   11:31:37 ET  Reply   Trace   Private Reply  


#41. To: A K A Stone (#39) (Edited)

He was great because he closed the bank of the United States.

Southern Aristocracy hated the US bank - you kooks view it as some sort of evil illuminati plot.

President Jackson and Southeners ended the deposit of government funds into the Bank of the United States and these deposits were then placed in the state chartered banks (state money where the plantation owners placed their monies).

Right after Jackson closed the US Bank we had the economic panic of 1837, followed by a five-year depression, with the failure of banks and then-record-high unemployment levels.

"Keep Your Goddamn Government Hands Off My Medicare!" - Various Tea Party signs.

Godwinson  posted on  2011-02-07   11:33:35 ET  Reply   Trace   Private Reply  



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