To: Grainne who wrote (8650 ) 2/27/1998 7:55:00 AM From: Zoltan! Read Replies (2) | Respond to of 20981
Hi Christine! The early 1980's recession and the attendant unemployment was Jimmy Carter's recession, his own Sec. of the Treas Schultz has admitted that. Remember Reagan came to office when interest rates and inflation were at historic highs, both approaching 20%. Reagan got unfairly blamed for that recession just as Clinton has unfairly taken credit for a boom that he walked into. >>seems to have been a pretty big shift from a large middle class, to a system with more people slipping into poverty and wealth becoming more concentrated at the top. You are both correct and incorrect. The middle class has indeed been shrinking, but not because there has been a shift to poverty but because some part of the middle class has moved into the upper tier. While all classes have gotten wealthier, there has been a widening of the gap, which has continued through Bush and Clinton - but the research says that it is a consequence of moving to a knowledge based economy from a brawn based economy. Who would want to go back? Women especially should be cheering that fact! The trend will probably accelerate. Envy is a deadly sin. It just never ceases to amaze me that there are people who think it's a bad thing when someone else succeeds. If you want to read a great, concise and fun primer on economics, read Milton Friedman's Capitalism and Freedom . Or try Free to Choose . You will also come to understand the proper role for unions. As for the homeless, don't you find it amazing that our news media fails to report on that problem now? Especially the dramatic type of tv news coverage that was a regular feature of the nightly news? From what I have read, there are actually more homeless now than during Reagan's presidency! Why the discrepancy in news coverage? Same thing for the trade deficit, breathless Dan Rather used to talk about it all the time in the 1980's but now, even though the deficit is much larger, it gets only passing mention. You are correct when you say that much of the homeless problem is the result of deinstitutionalization, but the blame goes squarely to the ACLU and its political allies. That would not include Reagan, who I would bet only acted as the result of court rulings. It is funny though that while I was at law school the New York courts ruled that that that state's governor was responsible for the rise in homelessness because of his deinstitutionalization program. The man the NY courts ruled was responsible for homelessness was ACLU ally Mario Cuomo! He was found guilty of precisely what you have accuse Reagan of doing. Cuomo was later fired by long-suffering NY voters. As for Reagan's role, I would think that you should be blaming ex gov Jerry Brown for the failure of CA to provide community care since he was governor from 1975 to 1983. Furthermore, the Dems have controlled the CA legislature for the last 40+ years, do they think Reagan is still running California? You will also find that as President, Reagan did not actually cut safety net programs, although he reign in the double digit increases. Reagan made a very astute and pointed observation when he said about his political opponents and the Media:I knew our economic policies were working when they weren't calling it Reaganomics any more .