Reaganomics metastatis

[hellstan]

Thanks to the the deregulation crap launched by the Reaganites,
millions of people will lose their wealth, health and life.
I hope the Gipper is laughing in Hell, along with Ken Lay, Bernard Ebbers, Mr. Madoff, Paulson and their ilk.

http://www.marketwatch.com/News/Stor...skyXp0ufoovHzA

[Mega]

Re: Reaganomics metastatis

Oh yes.........if only we all lived in North Korea......we all be walking on sunshine everyday!

Mike

[hellstan]

Re: Reaganomics metastatis

Shortsighted, really.

Wait for 5 years, when N-Korea will riunite S-Korea.
You'll be glad to live in Seoul rather than LA or Detroit,
ridden by poverty and gangs of drougi toltchoking your skull,
my dear Alex.:rolleyes:
Yours,
Anthony Burgess

[Mega]

Re: Reaganomics metastatis

I live in England.
Mike

[hellstan]

Re: Reaganomics metastatis

I live in England.
Mike

Thanks to Maggie, we have so many Britons flocking in our hospitals and paying dearly for getting properly cured. :eek:
Still "want your money back" ?

[Mega]

Re: Reaganomics metastatis

What the Hell are you talking about?
Mike

[hellstan]

Re: Reaganomics metastatis

What the Hell are you talking about?
Mike

About realities I know first hand, dear Alex.
"I'm singing in the rain…"
My regards to the drougies…

[RebbePete]

Re: Reaganomics metastatis

From the article referenced (emphasis mine):

He sees "nothing but large increases in the deficit ... I think it would be worse than the depression. ... Before I go to sleep at night, I wonder if tomorrow is the day Moody's and S&P will announce a downgrade of U.S. government bonds." It'll get worse because "the public is not prepared to increase taxes. Both parties were for reducing taxes, reducing income to government, and both parties favored a number of new programs, all very costly and all done by the government."

[Starving Steve]

Re: Reaganomics metastatis

It is the upside-down (inane) theory of Reaganomics which has led the world into this disaster: the notions that deficits don't count and that taxes are bad, the notion that govn't is bad, regulation is bad, the notion that wealth is created by greed, greed is good, Wall Street is good, wealth can trickle-down, money can be printed forever and backed with nothing, interest rates are too high, no-one need pay, savers are dolts, savers should pay for consumption, America is owed a living by the world, the world needs America to consume, America is the engine of the world economy, consumption is good, military might is good, military might backs the currency, the imperial dollar, dollar hegemony, using American military might, increasing spending on the military, on and on... This is why we are in the tank now. This is how we got here. This is why there is no end to this mess.

[hellstan]

Re: Reaganomics metastatis

It is the upside-down (inane) theory of Reaganomics which has led the world into this disaster: the notions that deficits don't count and that taxes are bad, the notion that govn't is bad, regulation is bad, the notion that wealth is created by greed, greed is good, Wall Street is good, wealth can trickle-down, money can be printed forever and backed with nothing, interest rates are too high, no-one need pay, savers are dolts, savers should pay for consumption, America is owed a living by the world, the world needs America to consume, America is the engine of the world economy, consumption is good, military might is good, military might backs the currency, the imperial dollar, dollar hegemony, using American military might, increasing spending on the military, on and on... This is why we are in the tank now. This is how we got here. This is why there is no end to this mess.

Amen to that.
Is there a way to impeach presidents post-mortem ? :mad:

[GRG55]

Re: Reaganomics metastatis

Amen to that.
Is there a way to impeach presidents post-mortem ? :mad:

"Successful" politics is the art of the possible, and all politicians are a product of their times.

You either forget, or chose to conveniently ignore, the historical circumstances, formed over a long period of time, that led to [allowed?] the so-called 1980s Reagan Revolution, along with the contemporaneous "economic reform" movements in Thatcher's UK and Mulroney's Canada, not to mention such unlikely venues as David Lange/Roger Douglas' New Zealand and Bob Hawke/Paul Keating's Australia - the latter both Labour governments that significantly "restructured" their economies along much the same lines as Ron and Maggie :eek:].

Every era is a product of the one that preceeds it. To suggest that the roots of the present calamity can be pinned to one person, event, decision or policy formulation may provide temporary comfort in the form of identifying a suitable scapegoat, but does little to advance understanding of what has actually occurred.

btw: It's dogma, such as the 1980's "privatization" and "economic reform" movement, that evolves to a form of undeniable, incontrovertible international mania that frightens me the most. These things become secular global religions, complete with their attendant exclusive understanding of "the truth". It takes no imagination to identify today's top candidates...climate change & green energy, P3, rebuilding economies by "investing" in infrastructure...

[hellstan]

Re: Reaganomics metastatis

I would gladly impeach several others of his ilk.
I'm always been in favour of regulation and deemed deregulators
to be ideological fools - or worse.
There is such a thing as historical truth and so-called "circumstances"
don't exonerate them. :mad:

[we_are_toast]

Re: Reaganomics metastatis

Every era is a product of the one that preceeds it. To suggest that the roots of the present calamity can be pinned to one person, event, decision or policy formulation may provide temporary comfort in the form of identifying a suitable scapegoat, but does little to advance understanding of what has actually occurred.

...These things become secular global religions, complete with their attendant exclusive understanding of "the truth". It takes no imagination to identify today's top candidates...climate change & green energy, P3, rebuilding economies by "investing" in infrastructure...

An infinite regression of moral relativism. We are products of our past, therefore, all problems can be blamed on everybody in the past? Everybody is wrong, therefore nobody is right? Nice try GRG55.;)

Nope, this mess belongs in the lap of the "Libertarian Utopianism" of the Reagan crowd. The propaganda of laugher curves, less is more and get government off our backs, still has Joe the plumber thinking life is like a box of chocolates.

[Starving Steve]

If you may grant me the temporary comfort of pointing the finger of blame for this economic disaster, I would point my finger at Arthur Laffer and his supply-side economics. Laffer was the brains behind Reaganomics, and Bush's disasterous economic policies were a derivative of the old Reaganomics. And with the Federal Reserve Board, I would point the finger of blame at Alan Greenspan ( even more than Bernankee ) for his stupidity in driving interest rates down, too low and too long, in order to keep blowing bubbles across the economy--- as if the economy needed stimulative bubbles more than it needed a corrective recession.

Pointing the finger of blame, of course, does little good now. But let's be sure that the history of this Panic of 2008 is correctly written so that our children will not have to repeat the same mistakes again.

[trex]

Re: Reaganomics metastatis

Didn't like Reagonomics (debt is good and regulation is bad) then and don't like it now.

Don't like Obamanomics as I understand it (more debt is the solution to our debt problem) and won't like it if that's correct. [Ed. Note - at least Obama is talking about debt for capital improvements instead of consumption stuff like the military. If we're going to do the wrong thing, we might as well do it in the right way ]

Hope everyone has a very prosperous New Year and we certainly won't be bored.