JimofPennsylvan
Platinum Member
- Jun 6, 2007
- 878
- 527
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It is wonderful the outpouring of respect and appreciation for Queen Elizabeth II that her passing has generated. Of course, it is true that no American leader upon such leader's death has brought forth the volume and amount of public display of admiration and affection. However, I would disagree with anyone that would contend that America in modern times didn't have a leader who was as beloved amongst its people as much as Queen Elizabeth that is in terms of depth of affection. Americans that are younger than forty-four years old probably don't have the personal experience to really appreciate what I am talking about because when he ran and was elected President they either weren't born yet or were too young to appreciate the gravity of the times that brought Ronald Reagan into the Presidency of the United States.
The state of America back in 1979 to 1980 when Ronald Reagan ran for the Presidency and won were the darkest and most despairing of times that America has faced since World War II. Yes, 2008 to 2009 the time of the Great Recession were bleak and an outstanding bad crisis time for America for the country came dangerously close to falling into a great depression and dragging the whole world down with her. But as bad a calamity as that was and it isn't an historian's label that it is called the Great Recession the label describes the unprecedented bad state of the economy at that time, the causes and the remedies for the problem at that time were known by America's leaders. The Great Recession was caused by the sub-prime mortgage market; home mortgages were being extended to people with low credit ratings where their incomes were not being checked especially in regards to these borrowers ability to pay their mortgages when their loans reset from early term lower interest rates and these mortgages were bundled and sold in the form of bonds and then swap contracts (insurance contracts) were sold on these bonds. So when these sub-prime mortgage holders started to default on their mortgages it caused a cascading effect where it brought down the mortgage bond market, financial institutions who had huge liabilities on these bonds and swaps and the home real estate market; the remedy was to insure that America's banks were well capitalized and in the future would be financially sound. The American government vis-a-vis the Obama administration did this vital work and as everyone has seen succeeded!
But 1980 was different for America during these times America faced double digit interest rates, inflation rates and unemployment rates, the country was in an economic crisis America had never seen before at least since the Great Depression and there was no consensus in America on how to fix it, how to stem and reverse America's slide into this economic abyss. There was one man that saved America from this abyss that would have just brought indescribable misery across America for an indefinite period of time and his name was Ronald Reagan. When great leaders are spoken of labels of charismatic and inspirational are attributed to them. But those words don't do Ronald Reagan justice no words actually do Ronald Reagan justice to accurately describe what Ronald Reagan did for America one can only try to explain his service for America by saying that he willed America back to health through the power of his spirit he brought about actions in America that righted our economic ship and restored our virtuous character. If truth be told, Ronald Reagan's service rescuing America was a gift from God, it was God's hand rescuing America! President Reagan was widely loved by the American people for returning America back to health and it was a deep love, affection and appreciation for the man and his service as President. To try to capture and convey the widespread affection for President Reagan I think it would be accurate to say that former Senator John McCain held President Reagan up as a role model for service to the country and it can be taken as a given that Senator McCain had a high standard for such a role model considering his character demonstrated as a POW in the Vietnam War where he suffered severe torture which he could have avoided because his father was an Admiral at that time which triggered an offer of release! Queen Elizabeth II deserves every recognition that she now receives for her faithful, virtuous and extraordinary service to her people; and it doesn't take away anything from her greatness to say that America has her extraordinary role models for her people in leaders like: Abraham Lincoln, Franklin D. Roosevelt and Ronald Reagan!
The state of America back in 1979 to 1980 when Ronald Reagan ran for the Presidency and won were the darkest and most despairing of times that America has faced since World War II. Yes, 2008 to 2009 the time of the Great Recession were bleak and an outstanding bad crisis time for America for the country came dangerously close to falling into a great depression and dragging the whole world down with her. But as bad a calamity as that was and it isn't an historian's label that it is called the Great Recession the label describes the unprecedented bad state of the economy at that time, the causes and the remedies for the problem at that time were known by America's leaders. The Great Recession was caused by the sub-prime mortgage market; home mortgages were being extended to people with low credit ratings where their incomes were not being checked especially in regards to these borrowers ability to pay their mortgages when their loans reset from early term lower interest rates and these mortgages were bundled and sold in the form of bonds and then swap contracts (insurance contracts) were sold on these bonds. So when these sub-prime mortgage holders started to default on their mortgages it caused a cascading effect where it brought down the mortgage bond market, financial institutions who had huge liabilities on these bonds and swaps and the home real estate market; the remedy was to insure that America's banks were well capitalized and in the future would be financially sound. The American government vis-a-vis the Obama administration did this vital work and as everyone has seen succeeded!
But 1980 was different for America during these times America faced double digit interest rates, inflation rates and unemployment rates, the country was in an economic crisis America had never seen before at least since the Great Depression and there was no consensus in America on how to fix it, how to stem and reverse America's slide into this economic abyss. There was one man that saved America from this abyss that would have just brought indescribable misery across America for an indefinite period of time and his name was Ronald Reagan. When great leaders are spoken of labels of charismatic and inspirational are attributed to them. But those words don't do Ronald Reagan justice no words actually do Ronald Reagan justice to accurately describe what Ronald Reagan did for America one can only try to explain his service for America by saying that he willed America back to health through the power of his spirit he brought about actions in America that righted our economic ship and restored our virtuous character. If truth be told, Ronald Reagan's service rescuing America was a gift from God, it was God's hand rescuing America! President Reagan was widely loved by the American people for returning America back to health and it was a deep love, affection and appreciation for the man and his service as President. To try to capture and convey the widespread affection for President Reagan I think it would be accurate to say that former Senator John McCain held President Reagan up as a role model for service to the country and it can be taken as a given that Senator McCain had a high standard for such a role model considering his character demonstrated as a POW in the Vietnam War where he suffered severe torture which he could have avoided because his father was an Admiral at that time which triggered an offer of release! Queen Elizabeth II deserves every recognition that she now receives for her faithful, virtuous and extraordinary service to her people; and it doesn't take away anything from her greatness to say that America has her extraordinary role models for her people in leaders like: Abraham Lincoln, Franklin D. Roosevelt and Ronald Reagan!