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Politics : American Presidential Politics and foreign affairs

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To: DuckTapeSunroof who wrote (36791)	9/8/2009 1:25:35 AM
From: RMF	Read Replies (1) of 71588

Yeah, well, it was 1936 and the U.S. didn't have any history of running deficits, so you can't blame Roosevelt for pulling things in after he had pumped things up so much. Economics is NOT an exact science even now, let alone 1936. It IS a delicate balancing act but in a democracy there's ONE real heavy weight on one side of the scales and that's POLITICS. Reagan had the IDEAL situation in 1980. He wanted Volker to CRUSH the economy and squeeze it dry in the first three years because he KNEW it would all be UP from there and he'd go into the '84 election looking like he turned a TERRIBLE situation around. Anybody elected THIS year didn't have the flexibility that Reagan had. The whole country was looking into the abyss and there wasn't any guarantee that it would even survive, let alone "turn around". All the Republicans learned from Reagan (except Newt and a few others) was that the BEST thing you could do was CUT TAXES. They're STILL stuck on that mantra. Lose $1.7 Trillion in revenues from the Bush tax cuts? Well, the ONLY answer to that is to CUT TAXES.... How else are we gonna get these deficits down if we don't CUT TAXES...

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