WuWei
167



ok, why did he get elected? You act like somebody told you the economy was great before Nov '79. How old were you then?
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Guilds
168
Restore the New Deal, regulate capitalism, cut military spending, invest in We the People.
WuWei
170
No, it is not. You simply have no idea what you’re prattling on about.
Guilds
171
The Iran hostage crisis is what sealed the deal for Reagan. (which then led to Iran/Contra)
He also lied about supporting unions.
I was old enough to know what was going on.
And the right will be complaining about her for at least a year after she’s no longer in office.
JayJay
173
Reaganomics has dominated the economic conversation ever since it took hold…through Democratic and Republican administrations alike.
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WuWei
174
No you weren’t. What was going on with the economy?
Guilds
175
You had not even heard the term, until I brought it up months ago.
Nice try.
WuWei
176
What are the principles of “Reaganomics”?
JayJay
178
Yep Reagan didn’t let that crisis go to waste.
And yet inflation was brought under control and the economy started to take off because of the Keynsian fiscal policy followed by Paul Volcker.
In fact, Reagan was almost a one term President because of Volcker’s harsh medicine and don’t think Reagan didn’t know that.
WuWei
180
Your buddies are here whining about Reagan today.
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Guilds
181
Playing games?
We were discussing Neoliberalism. the term you had not heard of a few months ago.
JayJay
182
Tax cuts and deregulation spur savings and investment.
Which they do…but not to the degree fiscal policy and Keynsian approaches do.
The problem with wither approach though is the lack of understanding that in general economic progress long term is growth and that these policies should only be used sparingly and transiently and are not the end all be all.
WuWei
183
I’m going to let that one slide. Don’t do it again. I didn’t call you a liar.
The economy was bad. That’s how Reagan got elected. How did it get bad and who did it?
JayJay
185
Johnson. Nixon. Ford. Carter.
They all combined to do it.
Oh and US oil production peaking in 1970-71.
conan
186
Really? Ive talked about it with him years ago…hell over a decade ago about Neo-liberals.
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WuWei
187
That is not neoliberalism. That is liberalism.