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

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To: Zoltan! who wrote (57119)	10/4/1999 11:44:00 PM
From: Lizzie Tudor	Read Replies (1) of 108807

How could they since the 1981-82 recession occurred prior to Reagan's policies taking effect and as Charles L. Schultze, Jimmy Carter's economic advisor admitted, was a product of Carter's policies, not Reagan's. Zoltan, tax cuts aside, you have got to admit that Reaganomics was in no way prepared for the totally closed foreign markets of the 80s... our markets were wide open (as Reagan's free trade policies dictated) but Japan Inc. wasn't playing along. Meanwhile whole industries were eliminated, it started with finished goods and moved up along the food chain towards machine tools etc. When individuals think of the 1982 recession, often they are referring to this displacement of industries, not the recession itself... and that was Reagan's doing. At the same time, the Asian Tigers were completely ignoring our intellectual property laws and pirating every piece of software they could get their hands on, with no repercussions from the USA...

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