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Originally Posted by ricecrispi
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......
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There economic policies in many respects were very similar. Both spent lots of tax dollars in order to pump and prime the economy. FDR use huge public works project to get people back to work. Reagan use a military build up to stimulate the economy and help hasten the demise of the Soviet Union. Incidentally Regan gave numerous speeches supporting FDR and the Democratic Party.
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Originally Posted by ricecrispi
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. .
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If you have ever been in a leadership position you would know that command presents, common sense and positive attitude are 99% of the job.
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Originally Posted by ricecrispi
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. .
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The tax cuts were not an effort to fool people. The tax cuts were made in order to try and stimulate the economy. I agree with you that the deficit spending did get out of control. BTW the stock market really is not relevant when discussing the overall health of the economy it’s reflective but not dependent.
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Originally Posted by ricecrispi
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..... .
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I think he did well to hasten the end of the Cold War. I remember those were very dangerous times. Yes it would have failed on its own and the Trilateral Commission predicted the economic collapse of the Soviet Union in 1980. However from a systems stand point the longer the Cold War continued the greater the possibility of mistake that would lead to a nuclear exchange. As to the last bit...it’s really only the very vocal rightwing zealots who give him credit for ending the Cold War. I think most people acknowledge that opportunity he was presented was due in large part to the work of 1000's of men and women over almost 40 years.