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: Sam who wrote (132900)	3/12/2010 9:42:28 AM
From: slacker711	Read Replies (3) \| Respond to of 541024

But we didn't need the extreme cuts and mind-set of Reagan in order to reign that spending in. Even when spending was going up, there were plenty of calls on both sides of the aisle to control it and to bring the budget back into balance. and the fact that they didnt do it led to Reagan. It goes beyond the budget though, thirty years of steady increases in government regulation also contributed to the backlash. Similarly, the tax cuts and failure to reign in spending by Bush II led us to the '08 landslide by Democrats. Inevitably, they will take their mandate too far and we'll see another swing back towards small government. I had thought that would take quite a while, but the combination of the stimulus plus the number of significant new proposals for government intervention in the economy seemed to have sped this process along. Note that I actually agree with Brooks in his assessment of Obama. None of the proposals by themselves are all that far left....but when you add them up (bailouts/stimulus, health care, cap and trade, card check, etc) the overall speed at which Obama is moving creates a backlash beyond the individual proposals by themselves. Slacker