Quote:
|
Originally Posted by Lothar5150
However if taxes become a mechanism for mass wealth redistribution it will have a negative affect on the economy.
New Deal are almost the exact same policies that Ronald Regan in the 80’s
|
Lothar how does FDR~ Reagan?
FDR was a great president and a realist and that made him great. He realized he didn't have a solution and asked the brightest minds what was needed to be done to save a nation. FDR wasn't a socialist, but shows there's a time and place for everything and used socialist programs to help people get jobs. That's not trickle down, that's socalism. Really stepping over the definition of a term but I geuss trickle down is so broad anyone can use it in any context now......
Reagan was an ex actor who had a good smile, gave great speech, had an air of confidence, and that is why so many people loved him. Reagan was never about socialist programs. He cut taxes to fool people with a little lolipop, cut socialist programs, and while piling up the deficiet unresponsibily. The bull market was due to confidence in US power and US standing over the Soviets.
Reagan had such tunnel vision to end the cold war and put us in the deficit predictament Hal-900 was talking about. HE set off the domino effect that G. Bush Sr. and G W. Bush are continuing. I still don't understand how he got credit for end the USSR when it pretty much failed on it's own.....
Quote:
|
Originally Posted by HAL-9000
Americans have a sweet deal going right now with the rest of the world where we basically get to spend money we print, and spend it twice. No free lunch like that lasts forever, and unless we get our own financial house in order the French will be having a nice chuckle at our mess in thirty years or so. END RANT
|
Hey, that rant makes sense and makes a very valid points. I agree the US is digging it's own hole but hey, if all the politicians are dead they don't suffer from it or dont care if they were responsible for it because they are dead.