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Thread: Reganomics
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11-19-09, 12:40 PM #81
Re: Reganomics
What's stopping you? Don't hold back. I need a good laugh..... I have yet to receive an inquiry, the only PM I got was from commander asking if he can sig your envious drivel.......
So back to Reaganomics.......
Well, not much about reaganomics, but this made me laugh, and it has reagan in it.
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11-19-09, 12:44 PM #82
Re: Reganomics
Originally Posted by hawgballs
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11-19-09, 01:25 PM #84
Re: Reganomics
Originally Posted by deathgodusmc
I would agree that his decision to put a hiring/promotion freeze for two years was a decision to curb spending. But why promotions and why for 2 full years? Under the Pendleton Civil Service Act and the Civil Service Reform Act of 1973, it established a system of promotion and advancement based on merit. Regan's decision to freeze promotions violated these two laws. Admittedly, working life is hardly fair, but to deny thousands of people promotions they deserved...? Thats just down right inconsiderate and a slap in the face of the merit system. What possible defense of Regan is there that would justify forcing federal workers to pay into social security and medicare (whether or not you agree with the programs) and then deny these people paying into the system the benefits? I would LOVE to know. The way I see it, its stealing.
Reganomics works? I beg to differ. If Reaganomics works, then how do you explain the bubble bursts/recession of 1988/1989 and of 1991/1992? Regan ends his presidency in 1988 and George H.W. Bush, not George W. Bush comes in as president, continuing the practice of Reaganomics. Reaganomics then caused not one, but two recessions. So how exactly does Reaganomics succeed again?
Reagan wanted to cut spending? No. He wanted to reduce taxes but not spending.
from the CATO Institute:
Let's look at the facts. Compared to the same point in Reagan's first term, not only is Bush a bigger spender than Reagan, he's a big spender in his own right. Adjusted for inflation, total spending under Bush's watch will have increased by 14 percent as opposed to 7 percent under Reagan. But more indicative of Bush's spending problem is the run-up in discretionary spending under his watch. Discretionary spending represents funds for programs that Congress has to allocate for on an annual basis and it is the type of spending that the president has the most influence over.Code:____ U ___ u _____ U _____ u __ __ ____ _ __ _ _ U _____ u U| _"\ u \/"_ \/|_ " _| \| ___"|/U|' \/ '|uU| _"\ u|"|/ / ___ | \ |"| \| ___"|/ \| |_) |/ | | | | | | | _|" \| |\/| |/\| |_) |/| ' / |_"_| <| \| |> | _|" | __/.-,_| |_| | /| |\ | |___ | | | | | __/U/| . \\u | | U| |\ |u | |___ |_| \_)-\___/ u |_|U |_____| |_| |_| |_| |_|\_\ U/| |\u |_| \_| |_____| ||>>_ \\ _// \\_ << >> <<,-,,-. ||>>_ ,-,>> \\,-.-,_|___|_,-.|| \\,-.<< >> (__)__) (__) (__) (__)(__) (__) (./ \.) (__)__) \.) (_/ \_)-' '-(_/ (_") (_/(__) (__)
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11-19-09, 01:28 PM #85
Re: Reganomics
Originally Posted by ***COMMANDER***
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11-19-09, 01:28 PM #86
Re: Reganomics
Keep in mind Reagan was also a very popular Governor in California for 8 years. Hardly lacked experience.
The artist formerly known as SlytherN
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11-19-09, 01:38 PM #87
Re: Reganomics
Originally Posted by SlytherN
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11-19-09, 01:39 PM #88
Re: Reganomics
From my view a presidents success has more to do with the era than the work. Most presidents are puppets. Their legacy is determined by the events of the world during their term. Clinton was the lucky recipeint of the .com explosion which primarily gave the US the biggest economic expansion ever. As we all know now this expansion was built on false footing and not sound financial principals. Unfortunately in our generation the economy will always be compared to the Clinton era. I don't see anything in the future that will provide that type of expansion.
The artist formerly known as SlytherN
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11-19-09, 01:43 PM #90
Re: Reganomics
If Reaganomics is
"Tricle down economics"
Then Obaminomics is
"Trickle up poverty"The artist formerly known as SlytherN
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