Name the accomplishments of Reagan

[Kalam]

Reagan? He spouted bumper sticker propaganda and became an object of worship for "conservatives." Apart from that, not much.

 

[NYcarbineer]

The banking system was not deregulated. The sub prime loans that were made were regulated into existance.

The fact of the matter is that the sub prime borrowers were required by law to be given loans that they could not afford to repay. If the banks had qualified loans from the 80's forward as they had from the 70's backward, the "Toxic Assets" would never have come into existance. If the banks had rejected these loans instead of approving them, they'd have been subject to civil and criminal law suits.

Regarding the business cycle, you are right. That is why the cash scheme called the stimulus is such a disgrace. If the stimulus had not been approved, we'd be out of the woods right now. The thieves in DC assumed that the golden goose would start laying eggs again even after they neutered it.

Let's hope that we get to the mid terms before any more damage is done.

Please stop. No bank in this country, even the ones that failed, were ever forced to make loans to unqualified borrowers against the wishes of the banks.

You are welcome to believe what you believe.

You're welcome to produce any evidence you have of any bank that was forced, under threat of criminal prosecution, to make loans to unqualified borrowers. That was your fantasy, now make it a reality.

 

[rightwinger]

Reagan's biggest accomplishment was imbuing Americans with a sense of optimism again. He reminded Americans that they were a great nation. Americans took it from there.

Also, deregulation.

Reagans greatest accomplishment. He took a country that had lost faith in itself after VietNam and the Iran Hostage Crisis. We had lost our swagger and were in the midst of a severe recession.
Reagans speeches to the nation made us feel good about being an American again. His "Its morning in America" political ad was dead on. It felt good again to say you were an American

Reagan had a gift for talking to the American people. He had a way of turning complex issues into basic principles that appealed to the public. He could take an unpopular position and appeal directly to the people. He was able to use these skills to get things done with a hostile Democratic Congress

 

[Procrustes Stretched]

He also provided us leadership we could trust and admire [for the right reasons] merely with his personality....not by using talking heads, magazines, and massive media campaigns to polish his image.

Has anyone noticed how dorky Obama looks when he takes his suit off and just goes casual?

He looks like a skinny kid. That is the real Obama.

Reagan was someone we could admire regardless what he was wearing.

Obama.......pfffft.

When you get around to dealing with reality---compare Reagan's popularity during his first few years with Obama's.

Only when Reagan agreed to resume serious arms limitation talks with the Russians, and toned down bellicose rhetoric, did fears of nuclear was recede and matters improve. The summits with Gorbachev at Geneva and Reykjavik marked this progress.

Let's wait a few years and compare the Big 0's electoral votes to Reagans for the second term.

electoral votes?

Hey, I'm no fan of Reagan's or Obama's. I like(d) both guys. I'm more like Former House Speaker Tip O'Neil, in that I like and respect opponents on both sides of the aisle.

people like you really need to wake the fuck up. You say you want things to get betterm yet you are my way or the highway.

 

[NYcarbineer]

So you retard, you are claiming that there was no problem with Freddy and Fanny and the Banking loan business in regards to the Housing market? You gonna stick with that?

Deregulation of the entire banking system was the problem. That and the fact that recessions happen after expansions; it's called the business cycle.

The banking system was not deregulated. .

An agreement between the Clinton administration and congressional Republicans, reached during all-night negotiations which concluded in the early hours of October 22, sets the stage for passage of the most sweeping banking deregulation bill in American history, lifting virtually all restraints on the operation of the giant monopolies which dominate the financial system.

The proposed Financial Services Modernization Act of 1999 would do away with restrictions on the integration of banking, insurance and stock trading imposed by the Glass-Steagall Act of 1933, one of the central pillars of Roosevelt's New Deal. Under the old law, banks, brokerages and insurance companies were effectively barred from entering each others' industries, and investment banking and commercial banking were separated.

Clinton, Republicans agree to deregulation of US financial system

What were you saying, exactly?

 

[Kalam]

Deregulation of the entire banking system was the problem. That and the fact that recessions happen after expansions; it's called the business cycle.

The banking system was not deregulated. .

An agreement between the Clinton administration and congressional Republicans, reached during all-night negotiations which concluded in the early hours of October 22, sets the stage for passage of the most sweeping banking deregulation bill in American history, lifting virtually all restraints on the operation of the giant monopolies which dominate the financial system.

The proposed Financial Services Modernization Act of 1999 would do away with restrictions on the integration of banking, insurance and stock trading imposed by the Glass-Steagall Act of 1933, one of the central pillars of Roosevelt's New Deal. Under the old law, banks, brokerages and insurance companies were effectively barred from entering each others' industries, and investment banking and commercial banking were separated.

Clinton, Republicans agree to deregulation of US financial system

What were you saying, exactly?

Erm... "Word Socialist Website"? Not the most convincing source of information about deregulation.

 

[Procrustes Stretched]

The Civil Rights movement would have happened without Martin Luther King, he was just there at the time.

that's true. eventually what he help accomplish was already set in motion. but he was a driving force.

Reagan was not such a driving force when it comes to the USSR. First he was a tough guy. That got us nowhere. Then he decided to play nice and Gorby came around.

Then when Ragan left office, conservative hawks called him a loser. It wasn't until a few years a-f-t-e-r Reagan was o-u-t of office that the B-Wall fell and started a collapse of communism. After this, the Reagan Legacy Project took off.

get yer facts straight, bozo. to hell with revisionist history.

Reagan Legacy Project Explained...


Editor: Mark Schone
Updated: Today
Topic:
Bill Clinton
Monday, Feb 2, 2009 06:28 EST
How Republicans created the myth of Ronald Reagan
With the Gipper's reputation flagging after Clinton, neoconservatives launched a stealthy campaign to remake him as a "great" president.
By Will Bunch
This excerpt from "Tear Down This Myth: How the Reagan Legacy Has Distorted Our Politics and Haunts Our Future" is reprinted by permission of Free Press.

The myth of Ronald Reagan was already looming in the spring of 1997 — when a highly popular President Bill Clinton was launching his second-term, pre-Monica Lewinsky, and the Republican brand seemed at low ebb. But what neoconservative activist Grover Norquist and his allies proposed that spring was virtually unheard of — an active, mapped-out, audacious campaign to spread a distorted vision of Reagan's legacy across America.

In a sense, some of the credit for triggering this may belong to those supposedly liberal editors at the New York Times, and their decision at the end of 1996 to publish that Arthur Schlesinger Jr. survey of the presidents. The below-average rating by the historians for Reagan, coming right on the heels of Clintons’ easy reelection victory, was a wake-up call for these people who came to Washington in the 1980s as the shock troops of a revolution and now saw everything slipping away. The first Reagan salvos came from the Heritage Foundation, the same conservative think tank that also had feted the 10th anniversary of the Reagan tax cut in 1991. After its initial article slamming the Times, the foundation’s magazine, Policy Review, came back in July 1997 with a second piece for its 20th anniversary issue: “Reagan Betrayed: Are Conservatives Fumbling His Legacy?”

The coming contours of the Reagan myth were neatly laid out in a series of short essays from the leaders of the conservative movement: that the Gipper deserved all or at least most of the credit for winning the Cold War, that the economic boom that Americans were enjoying in...

 

[Procrustes Stretched]

Tell us what the man did well for the country. Give us an honest list of his achievements here.

Why? You will just claim he didn't do it.

He was responsible for the largest single daily death toll of US Marines. Then he chickened out of retaliating.1983 Beirut barracks bombing - Wikipedia, the free encyclopedia

U.S. President Ronald Reagan called the attack a "despicable act" and pledged to keep a military force in Lebanon. Secretary of Defense Caspar Weinberger, who had privately advised the administration against ever having stationed U.S. Marines in Lebanon,[16] said there would be no change in the U.S.'s Lebanon policy. On October 24 French President François Mitterrand visited the French bomb site. It was not an official visit, and he only stayed for a few hours, but he did declare: "We will stay." U.S. Vice President George H. W. Bush toured the Marine bombing site on October 26 and said the U.S. "would not be cowed by terrorists."

In retaliation for the attacks, France launched an airstrike in the Beqaa Valley against alleged Islamic Revolutionary Guards positions. President Reagan assembled his national security team and planned to target the Sheik Abdullah barracks in Baalbek, Lebanon, which housed Iranian Revolutionary Guards believed to be training Hezbollah militants.[17] A joint American-French air assault on the camp where the bombing was planned was also approved by Reagan and Mitterrand. Defense Secretary Weinberger, however, lobbied successfully against the missions.

In fact, there was no serious retaliation for the Beirut bombing from the Americans,..[

and...


Tear Down This Myth!
Tear Down This Myth : Six Questions for Will Bunch?By Scott Horton (Harper's Magazine)

It’s interesting–Reagan’s reputation has risen with both the public and historians the further we get in memory from his actual presidency–which I think is a huge tribute to both the myth-making machinery created by the likes of Grover Norquist and the mainstream media’s willingness to embrace the myth.

For example, in March 1990, some 13 months after Reagan left the Oval Office, Reagan’s popularity (59 percent) had dipped below that of Jimmy Carter (62 percent). Two major surveys of historians in the mid-1990s rated Reagan’s presidency as below average, not one of the all-time greats.

Ironically, it was those historian rankings that inspired Norquist, the Heritage Foundation, and others to begin what became the Ronald Reagan Legacy Project–the group that aims to name schools, roads, etc., for the Gipper in every U.S. county–and related activities.

A key part of that myth-building was the notion that Reagan was largely responsible for “winning the Cold War”–a premise that was rejected, according to a USA Today poll in 1989, when it was actually happening, by Americans crediting Mikhail Gorbachev for the reforms instead. You see the fruits of that effort today; professors–arguably eager to show they’re not tools of liberal bias–now rate Reagan as high as the Top Ten of U.S. presidents, and public opinion of the 40th president is fairly high as well.

 

[NYcarbineer]

The banking system was not deregulated. .

An agreement between the Clinton administration and congressional Republicans, reached during all-night negotiations which concluded in the early hours of October 22, sets the stage for passage of the most sweeping banking deregulation bill in American history, lifting virtually all restraints on the operation of the giant monopolies which dominate the financial system.

The proposed Financial Services Modernization Act of 1999 would do away with restrictions on the integration of banking, insurance and stock trading imposed by the Glass-Steagall Act of 1933, one of the central pillars of Roosevelt's New Deal. Under the old law, banks, brokerages and insurance companies were effectively barred from entering each others' industries, and investment banking and commercial banking were separated.

Clinton, Republicans agree to deregulation of US financial system

What were you saying, exactly?

Erm... "Word Socialist Website"? Not the most convincing source of information about deregulation.

If you want to claim that bill wasn't passed by all means do so.

 

[Mr Natural]

He signed into law the 1986 Income Tax Reform Act putting me and the likes of Bill Gates in the same tax bracket.

 

[Kalam]

If you want to claim that bill wasn't passed by all means do so.

I dislike Reagan and am a bit of a socialist myself, so we're in agreement as far as this thread is concerned. I'm simply questioning the credibility of your source.

 

[DE3]

Please stop. No bank in this country, even the ones that failed, were ever forced to make loans to unqualified borrowers against the wishes of the banks.

You are welcome to believe what you believe.

You're welcome to produce any evidence you have of any bank that was forced, under threat of criminal prosecution, to make loans to unqualified borrowers. That was your fantasy, now make it a reality.

He won't be providing evidence because there is none. The CRA canard some on the right have bought into has been debunked time and time again, even by the Federal Reserve.

The CRA had absolutely NOTHING to do with the mortgage mess. The CRA does not require loans be made to anyone, nor does it require loans be made to those that are not creditworthy. In fact it states just the opposite.

 

[RadiomanATL]

Tell us what the man did well for the country. Give us an honest list of his achievements here.

Pissed off liberals.


Good enough for me

 

[Procrustes Stretched]

You are welcome to believe what you believe.

You're welcome to produce any evidence you have of any bank that was forced, under threat of criminal prosecution, to make loans to unqualified borrowers. That was your fantasy, now make it a reality.

He won't be providing evidence because there is none. The CRA canard some on the right have bought into has been debunked time and time again, even by the Federal Reserve.

The CRA had absolutely NOTHING to do with the mortgage mess. The CRA does not require loans be made to anyone, nor does it require loans be made to those that are not creditworthy. In fact it states just the opposite.

Community Reinvestment Act - Wikipedia, the free encyclopedia

Did the CRA cause the mortgage market meltdown?

Two Federal Reserve economists examine whether available data support critics' claims that the Community Reinvestment Act spawned the subprime mortgage crisis.
Neil Bhutta - Economist
Glenn B. Canner - Economist
March 2009

Two basic points emerge from our analysis of the available data. First, only a small portion of subprime mortgage originations is related to the CRA. Second, CRA-related loans appear to perform comparably to other types of subprime loans. Taken together, the available evidence seems to run counter to the contention that the CRA contributed in any substantive way to the current mortgage crisis.

Neil Bhutta and Glenn B. Canner are economists in the Division of Research and Statistics at the Board of Governors of the Federal Reserve System. The views expressed are those of the authors and do not necessarily reflect those of the Board of Governors or members of its staff.

http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=4136

 

[DE3]

Exactly. That small portion was 6%. Also, those were the loans made by CRA regulated banks. Not loans that CRA required.

 

[NYcarbineer]

If you want to claim that bill wasn't passed by all means do so.

I dislike Reagan and am a bit of a socialist myself, so we're in agreement as far as this thread is concerned. I'm simply questioning the credibility of your source.

The only way the credibility of the source would be questionable is if the banking bill referenced didn't exist. We both know the bill was passed, and that it deregulated banking, and thus the poster who claims that banks weren't deregulated is for all practical purposes dead wrong.

If it'll make you feel better do what I did, google bank deregulation history, and read all 700,000 hits until you find one that makes you happy.

 

[rightwinger]

Reagan's biggest accomplishment was imbuing Americans with a sense of optimism again. He reminded Americans that they were a great nation. Americans took it from there.

Also, deregulation.

Reagans greatest accomplishment. He took a country that had lost faith in itself after VietNam and the Iran Hostage Crisis. We had lost our swagger and were in the midst of a severe recession.
Reagans speeches to the nation made us feel good about being an American again. His "Its morning in America" political ad was dead on. It felt good again to say you were an American

Reagan had a gift for talking to the American people. He had a way of turning complex issues into basic principles that appealed to the public. He could take an unpopular position and appeal directly to the people. He was able to use these skills to get things done with a hostile Democratic Congress

Many conservative revisionists credit Reagan with winning the Cold War. While Reagan didn't win it single handedly, he helped to seal the deal. US Policies over the last 40 years had driven the USSR to the brink, when Reagan became President he made it clear that the US would not back off.
The key was that when Gorbachev extended a hand....Reagan was willing to accept it with no conditions. If he had tried to exploit the situation or turn it into a "Soviet surrender" the results would have been different

 

[Modbert]

In his quest to win the Cold War, he directly created Osama Bin Laden's rise to power in Afghanistan, caused Iraq and Iran to hate us even more, and can be partly responsible for both the wars we have today.

He raised our debt to new highs. He took money from social security for his stuff.

He ignored AIDS until it was beyond crisis level.

And that's just off the top of my head in a minute. I'm sure there is plenty more that I've discussed on here before.

 

[Mr Natural]

He didn't bomb the Soviet Union like he wanted to.