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Originally Posted by jorgelito
Depends on what you think he was wrong on. Trickle down and supply side? Yeah, that was retarded. Cutting taxes from nearly 80% and dealing with the USSR, he was absolutely correct.
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Cutting taxes was a part of his plan. The lack of oversight from government was connected to the S&L crisis. As for the USSR, we could have handled that better (of course we were both in diapers at the time, so anything I put out there is going to be hindsight so I won't get into it).
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Originally Posted by jorgelito
So what then, would you suggest? Nationalized economies? Partial free market? Free market but with some oversight and minimal regulation?
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The last one sounds okay for the time being. It would ruffle way too many conservative feathers to start regulating a lot. What I hope happens is people are actually held responsible this time. Keating was a joke, and a lot of people got out of the S&L thing scott free.
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Originally Posted by jorgelito
I don't think the concept of free market is too blame. It's the corruption. In fact, we don't have a true free market.
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That may be true, but less capitalist markets seem to be doing better right now. I'm not saying anything is perfect, but you've gotta shoot for the best you can. If there's a solution that's capitalistic, I'm all for it. If there's a solution that's less capitalist, that's fine too.
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Originally Posted by jorgelito
At the moment, it is a dead heat. The Dems had better get going in ramping up their campaign.
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I'm sure they've got something up their sleeves.