PubliusInfinitum
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- Aug 18, 2008
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- #141
I generally don't get into long debates with conservatives
Roflmnao..
Anyone that has ever read your work can appreciate how you've come to that decision... and this departure from that learned behavior is going to put you right back on track... so not to worry...
when you are dealing with small children you cannot convince them with reason they are wrong as any parent knows.
WHEW! Aint THAT THE TRUTH! The key is to recognize that you're intellectual limitations will always leave you as the child in these discussions... and to fight that certainty is just not healthy. You're a leftist Midcan and the ideological Left is the political means by which the STUPID advance their voice... and you know this, yet you keep returning only to realize greater and greater levels of humiliation...
And conservatives are mostly(?) children as their beliefs are founded in myth and imaginary people.
And yes... this is where it all starts, with these flacclid little pricks, which you shove fruitlessly against the whole of knowledge, only to find frustration, leading you to ever deeper levels of eternal impotence.
So let's get to it...
But I will address Ronnie and debt, I was there and saw firsthand the negative effect he had on America.
Oh good... I was there too...
For those who point to Carter, Google stagflation and Nixon/Ford. Carter inherited a mess. Clinton inherited a mess.
Lets set aside the google sources... and your implication which projects an empty validation of your conclusion and recognize what ya just said...
'Carter Inherited Stagflation...'
Let's assume for the sake of argument that this is correct... Carter's economic policy, of confiscatory taxation, absurd regulation and encouraging ridiculous Fed policy COULD ONLY HAVE EXACERBATED INFLATION (That means it made it worse... Bobo)
I'm sure the blind will question the sources and not the content, but hey, you know what they say about ducks.
Huh... so you're advancing a fallacious defense of your dubious sources, to offset any criticism that they're simply revising history in an overt act of deception? While disengenuous and openly deceitful, tactically it's all ya have... isn't it? So it serves reason.
"In the Reagan years, more federal debt was added than in the entire prior history of the United States." Richard Darman (Reagan advisor)
"In the Reagan Years"... Golly, is it ME, ir are ya running to use that quote to imply something ENTIRELY distinct from what it actually says?
I mean it says "In the Reagan Years"... which is to say that it SPECIFICALLY does NOT SAY: "REAGAN ADDED MORE DEBT..."
Let's move on, I just wanted to clear that misnomer up while it was fresh...
"Early in his presidency, Reagan chose as his economic advisors a group that espoused a radical economic theory called "supply-side."
Radical? Huh... So supply and demand is a Radical notion of economics? Well that can't possibly be any clue that the veracity of your source is doubtful... and you were worried.
The supply-siders told Reagan that if he gave tax cuts to the top brackets (the wealthiest individuals) the positive effects would "trickle down" to everyone else. Tax cuts, they argued, would produce so much growth in the economy that America could simply outgrow its deficits. Reagan bought into supply-side theory, which is why in 1981 he predicted that there would be a "drastic reduction in the deficit."
Actually, the truth is that Reagan was not being so advised, as much as this was Reagan's own recognition of the immutable certainty, that reducing economic drag, which is otherwise induced on the economy by the liability of high taxation, would induce greater gains in production, due to the reduction in economic drag cutting the certainty of losses to risked capital, induced by that tax liability, promoting economic growth... it's a certainty in nature and can produce no other potential effect. Which as is always the case in a valid calculation, the inverse is just as true; induce more drag through greater tax liability and you'll REDUCE production... If you doubt that... just look at any market place and observe the a product cycle... The housing market is a great example... when mortgages were plentiful due to the imprudent reduction of lending thresholds, induced by the left, housing was relatively cheap... and being in high demand these reductions in mortgages threshold exponentially expanded the size of the qualified market...
Of course over the 5 year spand of peak idiocy, the average price of a house in the best markets shot from under 100,000 to over 600,000 for THE SAME HOUSE.
Now you WERE THERE MIDCAN... what happened to that MARKET? What was the trickle down effect of increasing liability in the housing market?
I'm sure you'll agree that the HOUSING MARKET COLLAPSED when the cost of buying a house was no longer sustainable by the stark majority of the market... it had nothing to do with available credit ... as credit was WIDELY AVIALABLE... it had everything to do
with DEMAND DROPPING LIKE A STONE... everyone that had previously wanted a house, had one, and that meant that the only people left buying were the speculators and the market had exploded beyond the means of the market's average buyer to justify the risk of buying at those highly inflated prices... thus there was NO DEMAND FOR CREDIT, thus the ENORMOUS VOLUME OF fees which the credit maket had been enjoying dried up and the party was over... the only fees coming in was the principle payments on the TRILLIONS IN COIN THAT THEY HAD BORROWED, so they could LOAN IT and they did not have the capital reserves to manage those liabilities... which was bad enough... but when the collapse of demand DEVALUED THE PROPERTIES ON WHICH THOSE MORTAGES WERE BASED... they turned to the vehicles which they had used to offset the potential for loss against unforeseen risks, AKA: INSURANCE... (That points to AIG Bobo) the whole house of cards came crashing down... ONCE AGAIN PROVING THE ABSURDITY THAT IS FRACTIONAL BANKING... (Bobo that is a SCIENTIFIC FORMULA of the LEFT) Now that is a demonstration of inflation... the devaluation of the asset or that which secures the assets, and who can we point to here and reasonably assess as being responsible for creating this inflation?? (This is asking who sets the rate on available credit... who sets the threshold of required reserves against realized liabilities and so on? Who demanded that the financial markets set aside their own actuarial thresholds in the name of fairness, etc?) See: the Federal Reserve.
However, Reagan soon discovered that his supply-side advisors were wrong. Tax cuts, instead of reducing the deficit, caused the deficit to balloon. After 1981, Reagan made no more rosy predictions regarding the deficit."
ROFLMNAO... Well sure... because "EVERYONE KNOWS" that reducing liability on the market will naturally require Congress to SPEND more money.... which is the ONLY POTENTIAL SOURCE FOR DEFICIT SPENDING.
Economic Policy - The Reagan Years
You should contact your geocity source and explain that their stated conclusion is a non sequitur, thus it's logically invalid and is thus NOT intellectually sound.
"[In]1985 US Becomes Debtor Nation For the first time since 1914, the United States owed more money to foreigners than it was owed."
Golly... 1914? That's so Odd... I mean the Fed was created in 1913... But hey, let's not get side tracked on that one... as that wouldn't even BE FAIR!
"Reagan's spending grew the size of government and set the stage for runaway government spending which has now taken our national debt to $9.2 trillion and has seen the U.S. shift from the largest creditor nation to the largest debtor nation. It could be said that Reagan's legacy was leading this nation down the path to bankruptcy (to which we have now arrived)."
American Chronicle | Even Reagan Was No Ronald Reagan
ROFLMNAO... It never ceases to amaze me how the left drapes itself in "American' this or that, when they are working so hard behind that name to undermine America...
Reagan in fact spent most of his Presidency trying to get the leftist controlled congress to CUT spending... which they not only refused to do, but when in 1984 Reagan established a compromise for a dollar for dollar spending cut for every dollar in tax increase that THE LEFTIST LEGISLATURE DEMANDED... the congress took the tax increase, but never cut one red cent of SPENDING instead INCEASED their un-constitutional Social Spending... which of course had been designed into the budgets ever since LBJs "the Great Society" with mandatory increases of 3-5% PER YEAR for their various faux wars... Crime and Poverty, etc...
Reagan's only increase in the scope of the US government, which wasn't an increase at all, but is one the left chronically demands to be such, was President Reagan's constitutional mandate to provide for the common defense; which he dutifully tended to through the building of a sufficient military to kick the shit out of the Soviets if they failed to heed Nature's warnings to not screw with America. Of course this was expensive, as the Ford and Carter Administrations, particularly Jimma Catta... had EVISCERATED US MILITARY READINESS...
(The above is from a conservative? weird stuff these conservatives.lol)
Your source was not a conservative... and to pretend he was just sets to lie any notion that presumes that you're as intelligent as a bag of nails.
"Mr. Reagan also helped redistribute American income and wealth with a bold assault on American labor.
There's no means to redistribute wealth through an assault on labor... as labor is not a source of wealth, thus attacking labor, presumably to strip them of their wealth would be a colossal fool's errand... so once again your source is found basing their argument upon the invalid reasoning of a non sequitur...
In 1981 he summarily fired 12,000 air traffic controllers who went on strike for better working conditions.
Well... Reagan didn't fire them because they went on strike, per se... he fired them because their contract expressly prohibited them going on strike; thus they violated that contract, and when this was explained to them and they refused to adhere to their contractual obligations, Reagan, THEIR BOSS, canned their collective asses ON THEIR HAVING VIOALTED THEIR CONTRACT...
And man I LOVED IT... I literally stood up and cheered as did everyone in our ready room when they heard that news... It was WONDERFUL to see an actual American back in the White House REJECTING the addle-minded left and their 'we-be-victims' bullshit...
This ushered in a new and dark era of labor relations, with employers now free to "permanently replace" striking workers. The median real wage failed to grow during the decade of the 1980s.
Yeah, having to live up to one's contractual agreements can really put a damper on the children of the left who prefer to ignore RESPONSIBILITY...
Now I would LOVE to hear how you square this direct and unambiguous Leftists flight from responsibility as the action of ADULTS; given your assertion at the outset of this now long since discredited screed... (It's all coming back to her now kids... she's remembering why she rarely debates conservatives at any depth... it JUST NEVER GOES WELL!)
The Reagan revolution caused even more economic damage internationally, for example by changing policy at the International Monetary Fund and World Bank. Thus began the era of "structural adjustment" -- a set of economic policies that has become so discredited worldwide that the IMF and World Bank no longer use the term. The 1980s became "the lost decade" for Latin America, the region most affected by Washington's foreign economic policy. Income per person actually shrank for the decade, a rare historical event, and the region has yet to come close to its pre-1980s growth rates."
Yes that's right because the Fed prefers the Fractional Reserves policy which the meltdown the financial markets are presently reeling... Reagan sought to simply adjust the structure of the reserves and that of course lead to a strong US dollar and the Europeans HATED THAT! ... Which is the basis behind the: "a set of economic policies that has become so discredited worldwide..." comment.
And yeah... those changes have been set aside, the reserve thresholds returned to leftist margins and the US Dollar is all but worthless... GREAT JOB KIDS!
ROFl... Oh "Common Dreams"... the original "Progressive Echo-Chamber"... Always nice to kick their ball into the street... I appreciate-cha bringing them in... that was a hoot!
"Reagan's first tax proposal, for example, had previously been endorsed by the Democratic Congress beginning in 1978, and the general structure of the Tax Reform Act of 1986 was first proposed by two junior Democratic members of Congress in 1982. Similarly, the "monetarist experiment" to control inflation was initiated in October 1979, following Carter's appointment of Paul Volcker as chairman of the Federal Reserve Board. The bipartisan support of these policies permitted Reagan to implement more radical changes than in other areas of economic policy."
Reaganomics, by William A. Niskanen: The Concise Encyclopedia of Economics | Library of Economics and Liberty
ROFLMNAO... Oh GOD that's precious... WHAT "FIRST TAX PROPOSAL?" Your quote didn't specify... Are we to believe that you're suggesting that Reagan ripped the Democrats off when he first proposed his tax cuts, the one's you just spent 500 words lamenting? Or are ya speaking of the Tax increases of 86? Which were again a result of a negotiated dollar for dollar CUT IN SPENDING, which the leftist legislature FAILED TO IMPLEMENT? (That means they lied, Bobo...)
"Reagan left three major adverse legacies at the end of his second term. First, the privately held federal debt increased from 22.3 percent of GDP to 38.1 percent and, despite the record peacetime expansion, the federal deficit in Reagan's last budget was still 2.9 percent of GDP. Second, the failure to address the savings and loan problem early led to an additional debt of about $125 billion. Third, the administration added more trade barriers than any administration since Hoover. The share of U.S. imports subject to some form of trade restraint increased from 12 percent in 1980 to 23 percent in 1988." from above
Well this is displaced accountability on parade... REAGAN SPENT 8 YEARS TRYING TO GET CONGRESS TO CUT SPENDING... THE CONGRESS REFUSED... CONGRESS IS THE ONLY PARTY IN THE US GOVERNMENT THAT CAN SPEND A DIME FROM THE US FEDERAL TREASURY... PERIOD. Every PENNY OF FEDERAL MONEY THAT IS SPENT IS AUTHORIXED BY CONGRESS... So this entire SCREED tries to lay the blame for CONGRESSIONAL SPENDING ON A PRESIDENT WHO FOUGHT FOR 8 YEARS TO GET THAT CONGRESS TO CUT SPENDING....
"[Reagan] opposed to the landmark Civil Rights Act of 1964, which was the same year that Goodman, Schwerner and Chaney were slaughtered. As president, he actually tried to weaken the Voting Rights Act of 1965. He opposed a national holiday for the Rev. Dr. Martin Luther King Jr. He tried to get rid of the federal ban on tax exemptions for private schools that practiced racial discrimination. And in 1988, he vetoed a bill to expand the reach of federal civil rights legislation....
ROFLMNAO...
This is deceit of the highest order... Reagan was not even in the federal government in 1964, his contest of the legislation was one regarding THE SPENDING THAT IT PRODUCED... THE SPENDING WHICH WAS STILL BEING EXANADED WHEN HE TOOK OFFICE 16 YEARS LATER...
Congress overrode the veto.
Which stands in evidence OF CONGRESS EXPANDING SPENDING IN DEFIANCE OF REAGAN'S VETO WHICH WAS DESIGNED TO CUT SPENDING...
Yes, he did... again on grounds that it was COSTING US MONEY... where again the LEFT voted to INCREASE SPENDING IN DEFIANCE OF REAGAN'S ATTEMPT TO CUT SPENDING...Reagan also vetoed the imposition of sanctions on the apartheid regime in South Africa. Congress overrode that veto, too."
http://www.nytimes.com/2007/11/13/opinion/13herbert.html?_r=1
Salon, the nation, thethirdworldtraveler, the huffington post and the NY TIMES...
ROFLMNAO... Sweet mother, how Pravda managed to miss that litanny of propaganda is known ONLY to you...
"Remember Reagan; respect him. But don't let them make you revere him. He was a divider, not a uniter." Rick Perlstein
Yessir... Mr. Reagan definitely did not apologize for his innate understanding of the Rights and responsibilities intrinsic to the foundation of America and that DEFINITELY Divided the Anti-Americans from the Americans... which was his goal...
But it cannot be argued that Mr. Reagan did not succeed in UNITING Americans against the addle-minded subversives of the ideological left.
Now go lick your wounds dipshit... and remember your place from now on.
Now, I would Like Midcan to respond to this... naturally, her refusal to repond, and/OR her attempt to dismiss it absent an intellectually sound, logically valid, WELL REASONED, POINT FOR POINT rebuttal, advanced in a reasonably timely manner, will constitute a CONCESSION wherein she admits, either by default or overtly through her unlikely ascension (As to ascend to the points made would require some discernable means to reason...) that her above stated position and the full scope of revisionist Left-think amounts to little more than a childish rationalization to avoid being held accoutnable for their indisputable failures.
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