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Title: The Dark Legacy of Reaganomics
Source:
consortiumnews.com
URL Source: http://consortiumnews.com/2011/09/20/the-dark-legacy-of-reaganomics/
Published: Sep 20, 2011
Author: Robert Parry
Post Date: 2011-10-16 21:37:06 by Godwinson
Keywords: None
Views: 9234
Comments: 25
The Dark Legacy of Reaganomics September 20, 2011 Exclusive: For half a century – from the depths of the Great Depression until the rise of Ronald Reagan – the U.S. government invested in building the nation and funding key research. And the country flourished. But Reagan then reversed those priorities. The results are in, writes Robert Parry. By Robert Parry (about the author) It may be political heresy to say so, but a strong case could be made that the greatest American "job creator" over the past 80 years has been the federal government -- or put differently, the government built the framework that private companies then used to create profits and jobs. This heretical view also would hold that it was Ronald Reagan's deviation from this formula for success some 30 years ago that put the United States on its current path of economic decline -- by starving the government of resources and providing incentives for the rich, through sharply lower taxes, to get super-greedy. Rather than continuing a half century of policies that made smart investments in research and development -- along with maintaining a well-educated work force and a top-notch transportation infrastructure -- Reagan declared "government is the problem" and built a political movement for deconstructing it. That movement, which boasts powerful right-wing media outlets and well-funded think tanks, now dominates the American political landscape. And, today it presses even harder than Reagan did for dismantling government programs while rejecting the slightest revenue enhancements, like closing tax loopholes for corporate jets or any other tax advantage favoring the rich. In the future -- if the American Right and its Tea Party foot soldiers have their way -- the federal government would be reduced to doing little more than paying the Pentagon's bills and eliminating regulations. According to the Right's economic orthodoxy, the rich -- or the "job creators" as the Republicans like to call them -- would then be freed up to create millions of jobs. That's their plan, even though the available economic data indicates that the reason for corporations not hiring is a lack of demand because so many Americans are out of work or deeply in debt. Almost certainly, if the Right's economic prescription is filled again, there will just be more retrenchment among companies, big and small, and large corporations will continue sitting on the sidelines with trillions of dollars in cash. Economic times will likely get appreciably worse. The hard truth for the Republicans and the Right to swallow is that a three-decade experiment with historically low tax rates on the rich has done little more than concentrate America's wealth at the very top and leave everyone else either stagnating or falling backwards. Yet, what is ironic about this dilemma is that none of it needed to happen. Without doubt, there were painful economic dislocations in the 1970s -- caused largely by Middle East oil price hikes and inflationary effects from the Vietnam War -- but the United States was on the cusp of what could have been a new golden era. A half century of wise policies by the federal government -- from the depths of the Great Depression through Franklin Roosevelt's New Deal, Harry Truman's Fair Deal, Dwight Eisenhower's Interstate Highway System, John Kennedy's Space Program, Lyndon Johnson's civil rights laws, Richard Nixon's Environmental Protection Agency and Jimmy Carter's commitment to renewable energy -- had created momentum for a resurgent middle class in which average folk could have enjoyed a level of comfort and security unparalleled in human history. That was the potential payoff from all the achievements and innovations that had been accomplished through investments by the American taxpayers and their government, in collaboration with U.S. industry. Productivity was about to skyrocket. National Progress Government-backed projects had extended electricity and communications to all corners of the nation; created a transportation infrastructure that was the envy of the world; spurred development of microprocessors for computers; funded advances in pharmaceuticals, agriculture and science; and opened the door to a new information age with the early development of the Internet. Despite the tough challenges of the 1970s, the jump in productivity from these technological advancements could have been shared broadly with the American people, who had after all paid for them with their tax dollars. And even if most productivity gains did go to the top percentiles of wealthy Americans, a robust and progressive tax system could have ensured that the profits were recycled through the country, via the government, in the form of middle-class jobs to upgrade the infrastructure, improve quality of life and keep the nation competitive. Instead, Reagan and his insurgent right-wing Republicans arrived in Washington in 1980 bearing false promises of how drastically lower tax rates on the rich would produce more revenue. They also claimed that slashed government spending would make almost everyone better off. Reagan fronted, too, for ideological assaults on unions, de-regulation of banks and corporations, and scrapping plans for solar and other alternative energy sources. Reagan combined these strategies with a massive military build-up even though the chief U.S. rival, the Soviet Union, was in rapid and irreversible decline. Contrary to Reagan’s assurances, the promised surge in tax revenue never materialized and the deficit swelled to then-record levels. Other negative effects of Reagan’s “trickle-down” strategy were quickly apparent with homeless people wandering the streets and with the decay of once thriving industrial cities. But other consequences were slower to materialize because the United States had so much wealth that the nation could absorb misguided policies for brief periods. Thanks to Reagan’s political skills, however, his strategies became deeply entrenched in Official Washington. “Free-market” orthodoxy was in; crank philosophers like Ayn Rand and cruel economic gurus like Milton Friedman were cool. Even middle-class Americans began to worship the “market,” increasingly risking their hard-earned money on Wall Street. Reagan’s personal appeal helped sell this anti-government philosophy even to many people who were being savaged by the policies. Especially working-class white men were encouraged to blame their declining status on programs that were helping to correct historic discrimination against women and racial minorities. Even during the eight years of Democratic President Bill Clinton, when there was a counter-surge of government activism, there was still a growing Washington consensus about “the magic of the markets,” further deregulation and continued exporting of American factory jobs. Too many insiders, both Republican and Democrat, were getting rich from the Wall Street gold rush. Another important turning point came in Election 2000 when American voters narrowly favored Democrat Al Gore but instead – thanks to the intervention of Republican justices on the U.S. Supreme Court – got George W. Bush. Back came the Reaganesque orthodoxies of tax cuts for the rich, disdain for alternative energy, and even more corporate deregulation, plus – after the 9/11 attacks – another jump in military spending for two unfunded wars. From a budget surplus under Clinton, the United States was back deeply in debt under Bush. A Legacy of Despair The Reagan/Bush legacy is now painfully apparent for many Americans. As the nation’s wealth was concentrated in the top few percentiles, the middle class stagnated and shrank – and the ranks of the desperate poor swelled. A new survey by the Center for Labor Market Studies at Northeastern University found 37 percent of young families with children stuck in a life of poverty last year. That level was even worse than the survey’s previous high of 36 percent in 1993, the end of the first round of Reagan economic policies. Under President Clinton, the percentage of young families in poverty declined to 25 percent by 2000. But it then started up again with the resurgence of Reaganonomics under President George W. Bush, reaching the 37 percent mark in the wake of the 2008 financial crisis, which led to the worst economic recession since the Great Depression. The United States also has squandered much of its technological leadership. Solar panels, which Carter proudly placed on the White House roof and which Reagan defiantly ripped down, are now being made in China with U.S. firms hopelessly behind in the competition. Even some thoughtful billionaires have begun lamenting the mess that Reaganonomics has caused. The likes of investor Warren Buffett and Google’s Eric Schmidt have warned about the dangers from extreme economic inequality and stressed the need for greater consumer demand. That consumer demand could be brought about by using a progressive tax structure to divert some of the excess wealth from the top – money that was generated from opportunities created by the government’s investments during much of the 20th Century – to put Americans back to work rebuilding the country’s roads, bridges, airports, schools, etc. The idea would be to recreate, as much as possible, the virtuous cycle that existed from the post-World War II era until Reagan’s presidency. Though it is surely true that some of those conditions can’t be replicated – global competition is much stronger today – the dramatic advances in technology and productivity should be able to support a vibrant middle class. This course of action is increasingly obvious to policymakers and is reflected modestly in President Barack Obama’s latest comments about the need for higher taxes on the rich and greater investment in jobs for struggling Americans. However, the national political framework that Reagan left behind – an intense right-wing media, an interlocking network of think tanks shaping Washington’s “group think,” corporate-funded “grassroots” organizations like the Tea Party, and a Republican Party wedded to the most extreme interpretation of Reagan’s anti-government message – makes it almost impossible to change the country’s direction, short of an electoral revolt. While the Right deserves most of the blame for putting the United States into this mess, the Left, the Democrats and the broad public are not without fault. They have either failed to build counter-institutions that can make the case for a return to the pre-Reagan economic policies that worked – or they have let themselves be easily duped into abandoning their own interests. Only a revitalized democratic process can change the nation’s dangerous course – and that will require speaking some heresies, like acknowledging the federal government’s central role in creating the prosperity that Americans came to take for granted. [For more on these topics, see Robert Parry’s Secrecy & Privilege and Neck Deep, now available in a two-book set for the discount price of only $19. For details, click here.] Robert Parry broke many of the Iran-Contra stories in the 1980s for the Associated Press and Newsweek. His latest book,Neck Deep: The Disastrous Presidency of George W. Bush, was written with two of his sons, Sam and Nat, and can be ordered at neckdeepbook.com. His two previous books, Secrecy & Privilege: The Rise of the Bush Dynasty from Watergate to Iraq and Lost History: Contras, Cocaine, the Press & ‘Project Truth’ are also available there.
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#1. To: Godwinson (#0)
As soon as I saw this,I knew it'd be filled with half-truths and outright lies. I wasn't disappointed in my expectations . I could tear this piece of propaganda apart piece by piece, but it wouldn't matter; avowed socialists like yourself aren't intereste d in finding the truth. Your goal is promoting the utopian viewpoint of Socialism, a system which has amassed a mountain of skulls, and oceans of tears. You attack *anything* which contradicts that agenda. I don't know what country you live in, and I don't particularly *care.* the fact is that you slither onto this forum, to promote a LIE. Maybe you spend more time telling your fellow- citizens in whatever socialist cess-pool you live in, how GREAT it is, that you're slaves to a bankrupt government. ESAD, you little worm.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- But you won't because you can't. 30+ years into the economic system the USA adopted after Reagan is all the evidence I need that this economic model of Ronnie's is a failure. The country saw the living standards of the middle class stagnate and decline when the Reagonomics model promised more upward mobility for more people than the old model. Reagonomics FAILED!!! I do feel that the old generation that swallowed the Reagonomics fantasy need to die off. It is not easy for people to admit they were lied to or that their ideology or religion is false and adopt to that fact. The new generation that is coming up won't have that inner guilt or pride that would prevent them from reviewing the economic and historical facts and drop Reagonomics in favor of what history shown worked best for America. It is just a matter of time because Reagonimics does not work and implementing even more Reagnomic like policies will not help the economy. Already people are laughing at the notion that even more tax cuts to corporations and the rich will generate more jobs. And just like that the false idols to a flase god crumble.....
"This is what economic policy in the West has become--a tool of the wealthy used to enrich themselves by spreading poverty among the rest of the population." Paul Craig Roberts
It'd be childs' play. And here's why: What "economic system," specifically, are you referring to? Is it capitalism? Is it crony-capitalism aka corporatism? Or is it socialism? And if it changed under Reagan, what did it change from? Your failing to understand these basic points, relegate your postings to flatulence- at best. The rest of your post... Is mere confirmation of what socialism really is. Of course, you leftist losers are constantly accusing others of what you are guilty of. "Rules for Radicals," and all that... Ahh, so NOW you're promoting capitalism? Forgive me, if I think you're a lying bag of sh!t. You're a socialist, you've stated that many times, and you're proud of it. Which of course, leads right back to my first post, which- interestingly- you failed to address: Your goal is promoting the utopian viewpoint of Socialism, a system which has amassed a mountain of skulls, and oceans of tears. You attack *anything* which contradicts that agenda. Check-mate.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- There should be a law against electing a Republican president for two terms.
When the people are afraid, that's when the greatest long term money is made.~~~~Clark Howard
There should be a law against socialists being able to reproduce. Oh, that's right, there IS! In that socialist paradise we call "China." Now do us all a favor, and move there, you twit.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Oh, that's right, there IS! In that socialist paradise we call "China." Now do us all a favor, and move there, you twit. Just because you talked your mail order bride into having a couple of kids (probably via turkey baster) doesn't mean they will grow up to be Bill Gates.
When the people are afraid, that's when the greatest long term money is made.~~~~Clark Howard
You never answered my question: Did you have kids? Are there a bunch of little morons running around, that look just like you? Oh, and thank you for demonstrating that your desire for limits is a one- way street, where you're concerned. Your hypocrisy is boundless.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Did you have kids? Are there a bunch of little morons running around, that look just like you? Oh, and thank you for demonstrating that your desire for limits is a one- way street, where you're concerned. Your hypocrisy is boundless. You lower functioning Aspergers can be so blunt...... and such nosey Nancys. LOLOLOL My daughter, Lucy, would....uh oh... strike that last sentence.
When the people are afraid, that's when the greatest long term money is made.~~~~Clark Howard
30+ years into the economic system the USA adopted after Reagan... What "economic system," specifically, are you referring to? Is it capitalism? Is it crony-capitalism aka corporatism? Or is it socialism? Yea, because Reagan was not a pal of big business - even when he was a spokesperson for them before he ran for office................ Even by your own standards (kooky they are) Reagonics failed. Why defend it? In any case the question is moot. The older generation that sold this Reganomics BS and made a political career out of it will die off soon - and the next generation won't have any loyalty to the ideology that spurred Reagan into office (60s culture wars) and they will ditch the system for what works. Won't be overnight but it will happen. I mean for how long can right wing Reagan worshipping politicians claim lowering taxxes creates jobs when low taxes in place have done nothing to ease unemployment?
"This is what economic policy in the West has become--a tool of the wealthy used to enrich themselves by spreading poverty among the rest of the population." Paul Craig Roberts
They will never mention the system that was most popular during the country's founding, mercantilism.
When the people are afraid, that's when the greatest long term money is made.~~~~Clark Howard
You talk a lot, but THIS question, you studiously avoided. WHY? Because to answer it would completely unravel your entire article, and indeed, your entire position on economics. You have to admit the obvious: that capitalism was destroyed in the U.S.A. in 1913, that we now have corporatism, and the government is Hell-bent on bringing in overt socialism. WHY do you refuse to speak plainly? I already answered: Your goal is promoting the utopian viewpoint of Socialism, a system which has amassed a mountain of skulls, and oceans of tears. You attack *anything* which contradicts that agenda. I don't know what country you live in, and I don't particularly *care.* the fact is that you slither onto this forum, to promote a LIE. Maybe you spend more time telling your fellow- citizens in whatever socialist cess-pool you live in, how GREAT it is, that you're slaves to a bankrupt government. And you're still check-mated. Your childish attempts to discuss economics border on slap-stick. Thanks for making me laugh. Point. Set. MATCH. Thanks for playing!
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- This article ANSWERS this question, you idiot. Did you even bother to read this article? Here you go: A half century of wise policies by the federal government -- from the depths of the Great Depression through Franklin Roosevelt's New Deal, Harry Truman's Fair Deal, Dwight Eisenhower's Interstate Highway System, John Kennedy's Space Program, Lyndon Johnson's civil rights laws, Richard Nixon's Environmental Protection Agency and Jimmy Carter's commitment to renewable energy -- had created momentum for a resurgent middle class in which average folk could have enjoyed a level of comfort and security unparalleled in human history. That is why the upcoming generation will sweep you fools and your blind devotion to a failed system aside. The new generation grew up on the internet unlike you who had to learn it and whose thought processing was shaped by "talk radio", etc. It makes me feel good to know not only will you become extinct soon, you know it in your heart you will be also.
"This is what economic policy in the West has become--a tool of the wealthy used to enrich themselves by spreading poverty among the rest of the population." Paul Craig Roberts
Yep. These dimwitted leftists are so stupid that they somehow don't realize that we have the internet where anyone can look up the facts. They are still living in the days where ABC, NBC, and CBS had a monopoly on the news and could use that monopoly to propagandize us. From the Office of Management and Budget -- average infrastructure spending as a percentage of GDP: Gobsheit: 30+ years into the economic system the USA adopted after Reagan... Capitalist Eric: What "economic system," specifically, are you referring to? Is it capitalism? Is it crony-capitalism aka corporatism? Or is it socialism? You talk a lot, but THIS question, you studiously avoided. Yep. And, I read it again, just to give you the (clearly undeserved) benefit of doubt. Your quote, in response: In other words, you didn't answer the question. How COULD you, without admitting that your ideology is a pathetic failure? Oh, and BTW... And you're still check-mated. LMAO.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Translation: "There is no America. There is no democracy. There is only IBM, and ITT, and AT&T, and DuPont, Dow, Union Carbide, and Exxon. Those are the nations of the world today. What do you think the Russians talk about in their councils of state, Karl Marx? They get out their linear programming charts, statistical decision theories, minimax solutions, and compute the price-cost probabilities of their transactions and investments, just like we do. We no longer live in a world of nations and ideologies, Mr. Beale. The world is a college of corporations, inexorably determined by the immutable bylaws of business. The world is a business, Mr. Beale. It has been since man crawled out of the slime. And our children will live, Mr. Beale, to see that... perfect world... in which there's no war or famine, oppression or brutality. One vast and ecumenical holding company, for whom all men will work to serve a common profit, in which all men will hold a share of stock. All necessities provided, all anxieties tranquilized, all boredom amused." -- Arthur Jensen, Network (1976) --
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Junior is never going to admit that you answered the question. YOu know that you did. I know that you did. So does Junior for that matter. He's just not going to admit it.
I'll believe that a corporation is a person 1 second after Texas executes one...
Let me refresh your clearly inadequate memory: Gobsheit: 30+ years into the economic system the USA adopted after Reagan... Since gobsheit refused to answer the question, your post is crap (as usual). As Ronald Reagan observed, "It's not that our liberal friends are ignorant, it's just that they think they know so much that just isn't so." Thanks for the laughs, dummy. Oh, and as to calling me "Junior," my father is a certified genius (as am I, but that's another story), and he's a great guy, as well. :) When you call me that, it is both a compliment for me, and it makes the expression "there's no fool like an old fool" come to mind, with regard to you. So please, carry on.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Thanks for the laughs, dummy. Oh, and as to calling me "Junior," my father is a certified genius (as am I, but that's another story), and he's a great guy, as well. :) When you call me that, it is both a compliment for me, and it makes the expression "there's no fool like an old fool" come to mind, with regard to you. So please, carry on. He can't post for 24 hours, which an all knowing idiot like you should already be aware of.
When the people are afraid, that's when the greatest long term money is made.~~~~Clark Howard
Really, you need to be more diligent about taking your meds.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Now you're a self-proclaimed genius? (roaring with laughter)
I didn't come to that conclusion, it was documented a long time ago. But morons like you use ridicule to denigrate that which you never had, and never will have. It's ok, though, Freddy... just double-up on your Alzheimer meds, and go watch some more "Senior-citizen" TV... I hear they have a special channel on cable jut for people like you... where the programs are as loud as the commercials, and all the letters for the ads are in larger, bold fonts. Who knows, maybe you'll get lucky, and catch a re-run of Lawrence Welk... I know how excited you get about the show, when you see the bubbles blowing around.....
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- (roaring with laughter) I would think a genius such as Eric would be spending his time posting on engineering and Mensa forums instead of trying to find out how many children other posters here have.
When the people are afraid, that's when the greatest long term money is made.~~~~Clark Howard
There's no evidence of that.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- There's no evidence of that. Actually you just made my case. Someday, hopefully before you get out of jail, you will take a remedial English class.
When the people are afraid, that's when the greatest long term money is made.~~~~Clark Howard
You think you think. You don't.
DUMMY DwarF: ...I'm eating a meatball... "Whenver the dwarf sees something negative about a Democrat, he tries to change the topic of the thread to something else. Usually a personal attack, followed by mutterings about correct 'grammar' 'spelling' whatever. Anything he can think of to avoid a discussion about a Democrat screwing up or looking bad. It's a decade long pattern." --Badeye observation-- Post Date: 2011-10-16 21:37:06 by Godwinson
Capitalist Eric: Foreplay before the president's staff? 
#2. To: Capitalist Eric (#1)
(Edited)
I could tear this piece of propaganda apart piece by piece
#3. To: Godwinson (#2)
Capitalist Eric: I could tear this piece of propaganda apart piece by piece
Gobsheit: But you won't because you can't. 30+ years into the economic system the USA adopted after Reagan...
It is not easy for people to admit they were lied to or that their ideology or religion is false and adopt to that fact. ... And just like that the false idols to a flase god crumble.....
The new generation that is coming up won't have that inner guilt or pride that would prevent them from reviewing the economic and historical facts and drop Reagonomics in favor of what history shown worked best for America.
I don't know what country you live in, and I don't particularly *care.* the fact is that you slither onto this forum, to promote a LIE.
Maybe you spend more time telling your fellow- citizens in whatever socialist cess-pool you live in, how GREAT it is, that you're slaves to a bankrupt government.
Capitalist Eric: Foreplay before the president's staff?
#4. To: Godwinson (#0)
#5. To: mininggold (#4)
Capitalist Eric: Foreplay before the president's staff?
#6. To: Capitalist Eric (#5)
There should be a law against socialists being able to reproduce.
#7. To: mininggold (#6)
(Edited)
Capitalist Eric: Foreplay before the president's staff?
#8. To: Capitalist Eric (#7)
(Edited)
You never answered my question:
#9. To: Capitalist Eric, mininggold (#3)
t'd be childs' play. And here's why:
#10. To: Godwinson (#9)
I mean for how long can right wing Reagan worshipping politicians claim lowering taxxes creates jobs when low taxes in place have done nothing to ease unemployment?
#11. To: Godwinson, mininggold (#9)
Gobsheit: 30+ years into the economic system the USA adopted after Reagan...
Capitalist Eric: What "economic system," specifically, are you referring to? Is it capitalism? Is it crony-capitalism aka corporatism? Or is it socialism? Dingbat: and such nosey Nancys.
Capitalist Eric: Foreplay before the president's staff?
#12. To: Capitalist Eric, mininggold (#11)
You talk a lot, but THIS question, you studiously avoided.
#13. To: Capitalist Eric, badeye (#1)
(Edited)
As soon as I saw this,I knew it'd be filled with half-truths and outright lies.
Truman 5.74% Eisenhower 5.85% Kenndy / Johnson 8.65% Nixon / Ford 8.83% Reagan 7.06% Clinton 4.23% Bush 5.34%
The Buffet rule -- you can become the world's largest tax cheat and also become an idol of the left at the same time. Just say the right words and it can happen.
#14. To: Godwinson (#12)
Gobsheit: This article ANSWERS this question, you idiot. Did you even bother to read this article? Here you go: A half century of wise policies by the federal government -- from the depths of the Great Depression through Franklin Roosevelt's New Deal, Harry Truman's Fair Deal, Dwight Eisenhower's Interstate Highway System, John Kennedy's Space Program, Lyndon Johnson's civil rights laws, Richard Nixon's Environmental Protection Agency and Jimmy Carter's commitment to renewable energy -- had created momentum for a resurgent middle class in which average folk could have enjoyed a level of comfort and security unparalleled in human history.
Capitalist Eric: Foreplay before the president's staff?
#15. To: Godwinson (#12)
That is why the upcoming generation will sweep you fools and your blind devotion to a failed system aside. ... The new generation grew up on the internet unlike you who had to learn it and whose thought processing was shaped by "talk radio", etc. ... It makes me feel good to know not only will you become extinct soon, you know it in your heart you will be also.
Capitalist Eric: Foreplay before the president's staff?
#16. To: Godwinson, Capitalist Eric (#12)
#17. To: war (#16)
Junior is never going to admit that you answered the question.
Capitalist Eric: What "economic system," specifically, are you referring to? Is it capitalism? Is it crony-capitalism aka corporatism? Or is it socialism? YOu know that you did. I know that you did.
Capitalist Eric: Foreplay before the president's staff?
#18. To: Capitalist Eric, war (#17)
As Ronald Reagan observed, "It's not that our liberal friends are ignorant, it's just that they think they know so much that just isn't so."
#19. To: mininggold (#18)
Capitalist Eric: Foreplay before the president's staff?
#20. To: Capitalist Eric (#19)
#21. To: Fred Mertz (#20)
Now you're a self-proclaimed genius? (roaring with laughter)
Capitalist Eric: Foreplay before the president's staff?
#22. To: Fred Mertz, Capitalist Eric (#20)
Now you're a self-proclaimed genius?
#23. To: mininggold (#22)
I would think...
Capitalist Eric: Foreplay before the president's staff?
#24. To: Capitalist Eric (#23)
I would think...
#25. To: mininggold (#24)
Actually you just made my case.
Capitalist Eric: Foreplay before the president's staff?
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