Posted on Jan 25, 2016
What Trump, Cruz and the GOP Field Won’t Tell You About Reaganomics
1.44K
23
25
3
3
0
Posted 9 y ago
Responses: 5
Capt Walter Miller Do you remember the 21% interest rates under Carter, where nobody could afford a home? How about paying farmers not to raise crops to drive food prices up and then giving away the food to those that could not afford it?
Reaganomics worked! It worked under Bush and under Clinton. Not sure how you can blame the recession on Reagan? Just so you know, when this recession returns because the economy is taking a dump, it it Obama's fault. We have about a year and then shitsville on you 401K.
Reaganomics worked! It worked under Bush and under Clinton. Not sure how you can blame the recession on Reagan? Just so you know, when this recession returns because the economy is taking a dump, it it Obama's fault. We have about a year and then shitsville on you 401K.
(4)
(0)
(0)
(0)
PFC Carl Willmon
MAJ (Join to see) - actually If you notice I never argued the premise of his argument only the way he was acting in making his arguments.
(1)
(0)
I lived under Carter and Reagan, The Reagan economy was good for me. Carter sucked. The problem I have with looking at What the Reagan tax cuts did is because it is a mud hole mess and who did what is hard to discern. Reagan had a Democratic congress. Tax cuts and tax increases were carried out so Reagan got some of what he wanted and the Democrats got some of what they wanted. Spending was increased because our defense department had been decimated. Democrats got increased social spending so the Fderal spending ballooned under Reagan, a compromise Reagan detested . I do think some regulations are required but "all things in moderation". . There is a point at which regulation tips from good to bad. Federal employees that were supposed to monitor the stock marketed watched porn while Maddof made off with investor money. The founders of Home Depot say the could not do it today. Home Depot created a thousand Millionaires. Then we get to tax avoidance and stratagies to do it . Consider Zuckerberg's partner moving to Singapore. John Kerry hiding his million dollar boat to avoid taxes and businesses using corporate inversion. Regulations and taxes are like police, damn when caught speeding but pray one shows up when the bad guys are around. I do know if you increases taxes to a point corporations and jobs leave along with wealth. Regulations increase and cost of business and increases and corperations and jobs leave. Small businesses become difficult to start and job creation suffers. Then the federal regulators get tied up in political BS and you have Flint Michigan , people drinking lead tainted water!
(3)
(0)
LTC Robert McKenna
Anyone trying to compare what someone did as policy 30-35 years ago with today is just on a fools errand. The problems are different and there are whole sectors of the economy that didn't exist. Nothing is static.
(0)
(0)
I also think it is interesting when tax supporters speak there is often a bit of the all for you none for me. Take Warren Buffet talking about increasing personal income tax during the last presidential election. While Buffet was beating up on Romney about Romney's rate of taxation Buffet's company owed approximately $1 BILLION in back taxes. Then we have John Kerry favoring the rich paying more taxes but docked his $1 million plus yacht in New Jersey to avoid a Massachusetts luxury tax.
(2)
(0)
Read This Next