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Pastimes : Let's Talk About Our Feelings!!!

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To: nihil who wrote (73615)	2/2/2000 8:38:00 AM
From: Zoltan!	of 108807

Insulsissimus est homo. >>Inflation was beaten by Volker's work as Chairman (nominated by Carter and himself a Democrat.(sic) Inflation was beaten by Volcker and Reagan. Reagan gave Volcker political cover and never once criticized him, despite the fact that Volcker caused the most severe recession in 50 years, which hurt Reagan and the Republicans politically and expecially in the 1982 elections in which Democrats opposed Volcker policies. Such was the price of leadership in undoing Carter's damage in creating the worst economic crisis in 50 years. Volcker gives Reagan credit to this day. Reagan was in the vanguard of the deregulation movement and took Carter's tepid steps farther than anyone else would have. One of his first acts was to deregulate oil, leading to lower prices. Reagan lead the effort to move power out of Washington and to reduce the power of government. The Reagan tax cuts proved an immediate spur to the economy so savaged by the Carter policies and the Great Boom - which has endured for 17 years now - began. Democrats reneged on spending and caused the deficits. Growth and the "Reagan Peace Dividend" closed the budget deficits, just as Reagan predicted. As for Clinton, he ran on a tax cut and lied, immediately imposing a retrospectively unnecessary tax increase. Reagan's man Greenspan has used the markets to reduce Clinton to an ostensibly Republican agenda. Bob Woodward so documented that. In 1994 the voters removed most of his power to harm the economy by electing a Republican Congress who throttled back Clinton's plans to increased spending and imposed welfare reform and a balanced budget on him. The stock market took off coincident with Clinton's big loss in 1994. >>The successful throttling fiscal inflation by Clinton and the Congress was the result of fiscal tightening resulting from increased taxes and spending restraints LOL. You have proven you have no understanding of economics. Quite illiterate you are. You sound like Slip Mahoney on the old "Bowery Boys".

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