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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Oblomov who wrote (76783)3/24/2008 6:09:02 PM
From: koan  Read Replies (1) of 116555
 
Oblomov: (I going to assume you meant "laissez faire")

Presuming that you are using the term "neocon" properly (e.g. David Frum or Norman Podhoretz), and not merely as an epithet, this is absolutely untrue!

The neocons love the New Deal, and claim FDR to be the greatest President of the 20th Century. So the neocons have much in common with so-called progressives, which should not surprise us, since they go to the same cocktail parties in DC and NYC.

They think that one reason for government to exist is to regulate markets.

Contrast these beliefs with those of true conservatives or libertarians, and you will understand why many people on the right reject the possibility of political alliance with neoconservatives.

KOAN: : With all due respect you have your politics mixed up. The neo cons ( Wolfowitz, rumsfeld, cheney, Friedman, bush and his team and Podhoretz and Frum). And alan greenspan, all subscribe to Milton Friedman and ayn Rand's Atlas shrugged and Adam smiths the invisable hand theory. They are/were all purests.

Read or listen on CD : "The conscience of a liberal" by Paul Krugman, or the Shock Doctrine by Naomie Klein (you can see a bit on utube.

The neo cons took over with Reagon and have been chipping away at the new deal for almost 30 years. They hate it!!; and its high taxes on the rich.

The budget under Carter was onlyy 50 billion a year and the total deficit was under one trillion.

Reagan using supply side economics, in 1980, reduced taxes on the rich by 100 billion and increased defense spending by 100 billion and the deficit balooned to 250 billion a year. The reduction in taxes was supposed to bring down the deficit.

It never did: 8 years of Reagan added 2 trillion (250 billion a years) and bush sr continued for another trillion. Little bush got in and he has run the deficit from the then 5 trillion to almost 10 trillion.

Those are the facts sir.

cheers
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