And by the way, Carter was more fiscally Conservative than Reagan.

[Antiderivative]

Just food for thought.

 

[Zander]

OK. I'll bite. How?

Links too.......

 

[Antiderivative]

OK. I'll bite. How?

Links too.......

Carter paid off our WWII debt and didn't add over 200,000 jobs to the federal payroll.

Reagan tripled our debt and the federal payroll.

Carter appointed Volcker who fought hard against inflation, which is quite the opposite of what Reagan's appointee did that created fucking ruinous bubbles.

This is common knowledge that you can google yourself. I am not doing your homework for you.

 

[Mr. H.]

Carter killed over 400,000 jobs in the petroleum industry sector alone via the "Windfall Profits Tax".

As if that wasn't enough, his agenda resulted in redused production of American energy and a precipitous increase in imports of foreign oil.

He sucked peanut balls.

 

[Antiderivative]

his agenda resulted in redused production of American energy and a precipitous increase in imports of foreign oil.

lol...are you seriously fucked up?

Please tell me how Reagan tearing off the Solar Panels increased our dependency on foreign oil.

 

[Mr. H.]

his agenda resulted in redused production of American energy and a precipitous increase in imports of foreign oil.

lol...are you seriously fucked up?

Please tell me how Reagan tearing off the Solar Panels increased our dependency on foreign oil.

Seriously?

Were you seriously even born when Reagan was President?
I'm an Eisenhower baby myself.

How about you address my Carter assertion before you go asking me questions, Cub Scout.

 

[mudwhistle]

Just food for thought.

Yeah, yay poverty.

 

[Antiderivative]

Seriously?

Were you seriously even born when Reagan was President?
I'm an Eisenhower baby myself.

How about you address my Carter assertion before you go asking me questions, Cub Scout.

So, you love Ike?

Then you support raising the tax on the rich and cutting back on the military.

Only girl scouts ask questions like you do. Cub scouts collude with Catholics to fuck boys.

 

[Antiderivative]

Just food for thought.

Yeah, yay poverty.

Ever since Reagan took office, worker productivity didn'r raise with output.

Do the fucking the math, you ignoramus.

 

[Zander]

Link your sources or your just another internet troll. That's how it works here- you make a statement- back it with facts.

 

[mudwhistle]

Just food for thought.

Yeah, yay poverty.

Ever since Reagan took office, worker productivity didn'r raise with output.

Do the fucking the math, you ignoramus.

A rise in productivity seemed to always follow a rise in unemployment you dip-shit.

 

[Antiderivative]

A rise in productivity seemed to always follow a rise in unemployment you dip-shit.

lol...basic econ 101 says otherwise.

However, this is what dumbshit repukes argue for.

This is why they are bringing us down.

 

[Antiderivative]

Link your sources or your just another internet troll. That's how it works here- you make a statement- back it with facts.

In the converse, Carter added to our WWII and didn't add to the federal payroll.

Are you this completely removed from fucking reality that I need to provide numbers to you?

 

[xsited1]

Just food for thought.

 

[Mr. H.]

Seriously?

Were you seriously even born when Reagan was President?
I'm an Eisenhower baby myself.

How about you address my Carter assertion before you go asking me questions, Cub Scout.

So, you love Ike?

Then you support raising the tax on the rich and cutting back on the military.

Only girl scouts ask questions like you do. Cub scouts collude with Catholics to fuck boys.

Address my points, don't un dress yourself.

You're hanging naked and I don't like butt-ugly.

 

[Zander]

Link your sources or your just another internet troll. That's how it works here- you make a statement- back it with facts.

In the converse, Carter added to our WWII and didn't add to the federal payroll.

Are you this completely removed from fucking reality that I need to provide numbers to you?

I get it, you're slow. You rode the short bus to school and your mommy told you it was because "you are special". I get it. But you still need to link your sources or nobody here will take you seriously

 

[Mr. H.]

Let's just revisit Carter's "Windfall Profits Tax" on domestic American crude oil production, shall we?


...the tax reduced domestic oil production from between 320 million barrels (1.2% of domestic production) and 1,268 million barrels (4.8% of domestic production). The effect of reducing domestic oil production was to increase the level of imported oil.

Windfall profits tax: Definition from Answers.com

This formulatic tax, when calculated, reveals that it was neither a tax nor was it based on profits.

It was in fact a direct confiscation of personal property in that it identified revenue-specific income, net of expenses, and then derided a percentage-based payment to the federal government regardless of real profit.

Jimmy "The Earl" Carter pulled off the one and only private property grabs in the history of modern America.

 

[Antiderivative]

I get it, you're slow. You rode the short bus to school and your mommy told you it was because "you are special". I get it. But you still need to link your sources or nobody here will take you seriously

Carter didn't triple the debt nor did he add over 200,000 people to the federal payroll.

Go do your own research. I am sick and tired of holding feeble republican hands.

 

[Antiderivative]

It was in fact a direct confiscation of personal property

Who owns oil and natural gas rights?

I think resources belong to the people. You think they belong to the corporations.

We have a fundamental difference in disagreement.

 

[Londoner]

Reaganomics & consumer demand

Reagan told us to repeal ALL the government policies that put money in middle class pockets. He did this in order to give more tax breaks and subsidies to corporations. He convinced us that government didn't need to ensure middle class participation in economic growth. Why? The market would take care of everything. Don't worry about energy, infrastructure, health care, or the middle class. The unregulated market won't evolve into dysfunctional, Washington protected monopolies - nope, not a chance. "Trust us".

"Get off the backs of business, and a utopia would trickle down"

(Funny thing happened on the way to Reagan's trickle down utopia. The minute we got off capital's back, it stopped investing in this country - to the contrary, it migrated to Asian sweatshops in search of cheaper operating conditions. This was purely Orwellian, and it required complete control of the media. Capital bypassed American workers for dictator-run nations - and nobody saw the contradiction, i.e., Freedom was not on the march, quite the opposite. The American Lifestyle, under the guidance of capitalism, made Marxist China and Terrorist Arabia stronger. (Where do you think America got its credit, labor, and cheap energy?) Here is what Reagan didn't tell you: capital benefits from nations with brutally repressed hence ultra-cheap sweatshop labor; it benefits from dictators in Iran and Iraq who play ball with western energy needs. This is the dirty secret behind the globalization of American capital and the death of middle class jobs. We sold our workers down river for slave labor in faraway places that required a massive Pentagon budget > see "stabilization" of 3rd world supply chains)

What happened domestically when Reagan freed capital to go to the 3rd world? What happened when we shipped jobs to evil dictator lead countries?

1) A crisis of American consumer demand: The middle class - now with fewer jobs, lower wages, fewer benefits & social programs - lacked money to buy things.

What was the policy response to the demand crisis? Enter the credit industrial complex. We extended unprecedented amounts of credit to middle class consumers. Starting with Reagan, every American would receive 3 credit card offers a week. We kept the American economy alive by fiat.

(FYI: when the money didn't trickle down to average consumers, debt-fueled consumption became the norm. This is the dirty little secret of Reaganomics: by lowering labor costs in America, corporations essentially fired their consumers)

2) A crisis of over production: Given that consumers lacked money to buy things, capital had no incentive to add jobs or invest in the real economy. Indeed, they had to shed jobs to offset the overproduction. This lead to a toxic self-reinforcing cycle of less demand, followed by more layoffs, followed by even lower demand, and more layoffs....and on and on.

What was the policy response to the overproduction crisis? Given the absence of investment opportunity in the real economy (because capital, in its relentless drive for cheap labor, "fired" its consumers), other less stable avenues were used to handle the massive amounts of surplus capital sitting on the side-lines. Indeed, when capital lacks viable investment opportunities, the drive for profits does not go away; rather, capital invents ponzi schemes and asset bubbles in whatever market it can bid up, be it housing (derivatives) or oil (futures).

Welcome to the crises that Reaganomics created in its repeal of middle class programs, its global drive for cheap labor, and its drive for budget-crippling tax policies:
1) Consumers lack the requisite wages/benefits to drive the real economy, which leads to spiraling of job loss
2) Wall Street, owing to the disproportionate ratio of capital to sound investment opportunities, became a reckless casino in order to continue offering high returns.
3) States, duped into lowering taxes on corporations & the wealthy, suffer crippling revenue shortfalls. This causes them to raise taxes on everything else and withdrawal things like affordable transportation, education, and other public services. This squeezes average consumers even more, which merely reinforces the crisis of demand and overproduction. Tragically, nobody understands the failure of Reaganomics because corporations in conjunction with Movement conservatism has put the nation in an ideological prison of false economic logic. This is why profit is so powerful: because it can buy anything and everything, including your opinion.

America swallowed poison in 1980