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 : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (45849)	11/20/2017 4:43:27 PM
From: Steve Lokness	Read Replies (2) \| Respond to of 355832

You are so full of shit. Really! He turned the economy around? You need to start doing your homework. n the year after enactment of ERTA, the deficit ballooned, which in turn, drove interest rates from around 12% to over 20%, which, in turn, drove the economy into the second dip of the 1978-82 "double dip recession". The Dow Jones average, which had been over 1000 before enactment of ERTA, fell to 770 by September 1982. Much of the 1981 ERTA was backed out in September 1982 by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), sometimes called the largest tax increase of the post-war period. en.wikipedia.org VOODOO ECONOMICS!!!!!!!!

To: i-node who wrote (45849)	11/20/2017 6:16:46 PM
From: zzpat	Read Replies (1) \| Respond to of 355832

Reagan didn't win the Cold War. Gorbachev gave the people of the former USSR the right to free elections and they used this right to vote communists out of power. The fall of the USSR was then used as an excuse for the Reagan debt. It's simply not true. In nearly every speech Reagan gave on the issue, he said the US needed to catch up with the USSR not bankrupt them (besides a communist country can't go bankrupt because their currency is not floated and there isn't any interest or debt). Regardless it's always fun to see how easy it is for people to fall for things that are not true to justify the failure of their party. Imagine if Reagan said, "I want to spend $1 trillion on new defense spending and raise your taxes by $1 trillion to pay for it." Not even his wife would have voted for him, but a tax cut...well, that's an easy sell. Free spending, free tax cuts, massive debt and you get buildings named after you.