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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: At_The_Ask who wrote (4278)6/8/2004 6:36:54 PM
From: NOW  Read Replies (3) of 41419
 
well boot away! "As president, Reagan was genial, ever-smiling -- ignoring unpleasant facts, idealizing hopeful fantasies," the paper's editorial said. "The mark of Reagan's presidency was paradox. Having campaigned as an implacable foe of government deficit spending, he left office with a federal debt that was nearly triple its level when he was inaugurated. He succumbed, as Bush has, to the fallacious 'supply side' economic notion that government revenues rise if taxes are cut. Hero though Reagan was to so many Americans, his legacy is marred. Economically, the Reagan years were epitomized by a freewheeling entrepreneurialism and free spending. But the affluent got more affluent and the poor got poorer. The number of families living below the poverty line increased by one-third. The Reagan administration's zeal for deregulation of industry helped create the savings and loan debacle, which left taxpayers holding the bag for billions of dollars in losses." LA TIMES
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