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Politics : Foreign Affairs Discussion Group

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To: Ilaine who wrote (218304)	2/13/2007 10:15:46 PM
From: jttmab	Read Replies (3) of 281500

I have no idea what "Reagonomics" means in the real world. Which is good. It never made it to the real world. You've acknowledged that Reagan didn't do anything other than sign what Congress sent him to sign. If the economic policies that occurred during the Reagan Administration were overall good, it was what the Democratic Congress did them and Reagan merely signed them in time for the photo op. I personally don't believe that Federal spending does much more than nudge the economy. The private sector is the elephant. There are so many metrics related to the economy that you can always find a few good ones and every President latches on to those. Carter didn't have anything to do with interest rates, those were set by the private sector. From Carter and back, the Fed had a policy of letting the market set interest rates. After Carter, the Fed changed it's policy and decided to manage inflation by controlling interest rates. Clinton had nothing to do with the rising stock market, the NAS was bloated because of the New Economy garbage. But that brought in more revenue to help the Federal budget deficit. Presidents claiming credit for the economy is nothing but a scam. jttmab

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