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Pastimes : Don't Ask Rambi -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (69838)	1/11/2009 11:56:36 AM
From: koan	Read Replies (2) \| Respond to of 71178

JF: >> It's no big deal that Stiglitz, Samuelson, and Krugman called that nonsense, since it isn't what the Reagan program was in the first place. You've absorbed the comic book/mythical version of Reagan's economic program, which Martin Anderson dismisses as "the myth of the supply siders" in his memoir as one of Reagan's principle economic advisers.<< koan: "" Well, at least I now know where your politics now lie. That is always helpful in understanding your perspective. Krugman, Stiglitz and Samuelson all won the nobel prize for economics. Hardly comic book characters. Arthur Laffer (supplysider's Godfather) was the real comic book character. Laffer as recently as last year (on youtube) is seen laughing hystericaly at the idea we were headed for a recession. He was right it is a depression-lol. It was Volker who broke the back of inflation with near 20% interest rates. Carter was running 50 billion a year deficits and we were a creditor nation and owed less than a trillion dollars when Reagan took office. The very first year Reagan was in office he cut 100 billion in taxes for his rich friends (just like lil bush did for his rich friends) and moved another 100 billion to his friends in the Military Industrial complex (using mother and apple pie excuses) raising the deficit 5 fold from Carters 50 billion to 250 billion. Where it remaind every year for his eight years in office tripling the natiuonal debt from one trillion to three trillion. Mainstream economist's dismiss supplyside economics as nonsense and even Alan Greenspan recently said his belief in "pure capitalism was wrong". Pure capitlaists seem to like capitalism on the way up and socialism on the way down e.g. recent 2.35 trillion bailout of banks. Little of which has been disclosed with regard to who it went and what their collateral was. I was in college when Reagan was governor. He was so brutal and so clueless we liberals were at war with him. When he ran for president he scared us to death. Many thought his crazyness would never allow him to be elected. But we who knew him, knew his acting skills made him the master of deception (the teflon president) they called him. Reagan admitted his acting skills helped him (fool the people-my comment). Like Nixon, Reagan declared war on the counter culture movement. He never understood the greatness of the counter culture movement. It's commitment to racial equality, free speech, the end to segregationa, protesting that nutso Vietnam War and general freedom from antiquated simplistic dogma. The counter culture movement, was the first major existential movement in the history of mankind. Which makes it sort of important!! Reagan of course had no understanding of what that even meant. Reagan said: "government is not the answer, it is the problem" and then he and the neo cons went on to prove it by destroying good government. When an 85 year old arthritic woman is penniless and suffering and has no where to go, government is the solution!!! I watched Reagan close down the mental insitutions which caused thousands of seriously ill people onto the streets as they could not care for themselves. The beginning of the street people. I saw Reagan try to destroy the university of California at Berkeley, the central headquarters of the counter culture movement. I watched Reagan crush the air traffic controllers, making an example of them as the neo cons began their crusade to crush unions. And it worked. Unions went form 35% to the present 12%. And I watched him support that crazy S.I Hayakawa as he tried to crush the counter culture movement: "Hayakawa became popular with mainstream voters in this period after he pulled the wires out from the speakers on a student van at an outdoor rally, dramatically disrupting it.? Hayakawa was a clueless madman. As was Reagan.