The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: TH who wrote (104353)	8/9/2009 5:20:08 PM
From: Elroy Jetson	5 Recommendations Read Replies (1) of 110194

Why did Reagan create the debt problem instead of LBJ or Eisenhower? I'm not sure, perhaps Reagan was criminally insane. Reagan's magic debt plan crippled economic growth. One small part was Reagan's mad scheme "to get government regulators off the back of the Savings & Loan industry" which managed to impode the S&L sector within eight years, costing taxpayers a fortune. Tax cuts paid for with massive new debts was another pillar of his Bad Deal program.

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