Tilted Forum Project Discussion Community - View Single Post - Valid or Invalid: "All that growth is due to the policies of one....Ronald Regan."?

pan6467 · 12-02-2005, 09:06 AM

Carter meant well his term was plagued by scandal by his advisors, an economy that had been built on war and defense and was torn apart, high interest rates and well intentions but unfortunately he didn't have charisma or the moxy it took to be president.

Reagan on the other hand had the charisma, and his way to bring back the economy was through defense contracts. Which worked. His economics (not trickle down, but the massive military build up spending) helped grow the economy immensely. However, the USA could not keep the military spending up the way they had in his terms. It led to record deficits, poor education, an infrastructure that has eroded. Mainly because he didn't put anything into social spending.

So short term, Reagan's policies were good, they did provide a burst, long term they have very effectively destroyed us. There are no mom and pops left, mergers and leveraged buyouts are huge..... in other words consolidating companies into one huge enterprise that is heavily indebt. The infrastructure is pretty much wasted, we are far behind the rest of the "civilized industrial" world in education, healthcare, standard of living, we have grown farther in debt but if we stop spending the economy will fall apart. We learned greed was good and the poor were poor for a reason.

What Bush is doing is similar, cutting heavily into the infrastructure and internal health of the country (Education, healthcare, small business loans, etc) and deficit spending hugely into the military.

So while the rest of the world is producing educated children that will lead tomorrows tech world we're falling behind faster.

We are turning into a has been and a non entity, the albatross around the rest of the world's neck. In that we are not moving forward, our economy is based on debt owed to the rest of the world and we consume far more than we make. This is what we owe Reagan and Bush for.

The debt is coming due, the world is moving to the Euro and the Chinese Yuan. Soon very soon the rest of the world will no longer need the US and we'll be trying to play catch up.

If the economy is so strong now.... why is GM laying off 30,000 jobs. Why as Delphi claims bankruptcy and wants to lower wages 50% does upper management seek record bonuses and "incentives". Bonuses for what? Incentives for what?

The very rich are making sure their golden parachutes are in place, because when this economy fries and it will they'll be like rats jumping ship faster than you can blink.

The problem is 2 fold, we're losing our manufacturing base and small businesses, along with decent waged jobs..... and we're facing having to fix the system pay the deficit and our personal debts with less while the demand for more money is ever increasing.

It's impossible to continue this way, there has to be a break sometime.

12-02-2005, 09:06 AM	#8 (permalink)
pan6467 Lennonite Priest Location: Mansfield, Ohio USA	Carter meant well his term was plagued by scandal by his advisors, an economy that had been built on war and defense and was torn apart, high interest rates and well intentions but unfortunately he didn't have charisma or the moxy it took to be president. Reagan on the other hand had the charisma, and his way to bring back the economy was through defense contracts. Which worked. His economics (not trickle down, but the massive military build up spending) helped grow the economy immensely. However, the USA could not keep the military spending up the way they had in his terms. It led to record deficits, poor education, an infrastructure that has eroded. Mainly because he didn't put anything into social spending. So short term, Reagan's policies were good, they did provide a burst, long term they have very effectively destroyed us. There are no mom and pops left, mergers and leveraged buyouts are huge..... in other words consolidating companies into one huge enterprise that is heavily indebt. The infrastructure is pretty much wasted, we are far behind the rest of the "civilized industrial" world in education, healthcare, standard of living, we have grown farther in debt but if we stop spending the economy will fall apart. We learned greed was good and the poor were poor for a reason. What Bush is doing is similar, cutting heavily into the infrastructure and internal health of the country (Education, healthcare, small business loans, etc) and deficit spending hugely into the military. So while the rest of the world is producing educated children that will lead tomorrows tech world we're falling behind faster. We are turning into a has been and a non entity, the albatross around the rest of the world's neck. In that we are not moving forward, our economy is based on debt owed to the rest of the world and we consume far more than we make. This is what we owe Reagan and Bush for. The debt is coming due, the world is moving to the Euro and the Chinese Yuan. Soon very soon the rest of the world will no longer need the US and we'll be trying to play catch up. If the economy is so strong now.... why is GM laying off 30,000 jobs. Why as Delphi claims bankruptcy and wants to lower wages 50% does upper management seek record bonuses and "incentives". Bonuses for what? Incentives for what? The very rich are making sure their golden parachutes are in place, because when this economy fries and it will they'll be like rats jumping ship faster than you can blink. The problem is 2 fold, we're losing our manufacturing base and small businesses, along with decent waged jobs..... and we're facing having to fix the system pay the deficit and our personal debts with less while the demand for more money is ever increasing. It's impossible to continue this way, there has to be a break sometime. __________________ I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"