Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (46621)	1/23/2008 12:17:24 PM
From: Steve Lokness	Read Replies (2) \| Respond to of 542043

John; I certainly wouldn't call taking the US from the largest creditor nation to the largest debtor nation a fix. Who has been perhaps the loudest voice discussing the evils of public debt here? There is a difference however in using debt to prevent something worse - and that is what Reagan did. Can you imagine our economy today if the spiralling cost of 17% mortgages and inflation pushing at 10%? How soon we forget. The economy crashed when the the back of inflation was broken under Reagan. The recession was awful. It could have been worse. But what Reagan did - and what Obama was explaining - is that Reagan did what he had to and did so with the support of the people. I will freely and gladly admit that Reagan ran the deficits too long - I have said that. However, the point being made was Obama was explaining that Reagan did what he did by bringing people together - not polarizing people. steve