When we go further right the US economy suffers. Examples Harding Coolidge Hoover got the great depression. bushcheney = the crash of 2008, which Obama is slowly getting us out of. Tariffs as per Hamilton helped this country become a number one world power, not the cheap labor free trade.
You are working your obama toy pretty hard. Give it a rest. The Dims helped quite a lot with the spending but you wouldn't know it to listen to them today. Quite a few factors were involved but you'd need your guardian to walk it through with you. obama, like other libs made the same mistake by thinking he could spend our way into prosperity.
Only you far left hacks believe it, America woke up to it and obviously doesn't agree that we are doing better due to government confiscation of wealth and spending.
FALSE...When liberals were in power (New Deal through the Great Society) they PAID FOR what they spent through tax revenue...thus the conservative demeaning label "tax and spend liberals"...
Ronald Reagan changed all that.
False. We had a deficit prior to his administration and the Dims refused to cut any spending. Carter gutted the military, which is how libs typically reduce spending and Reagan did ramp it back up at great expense, but history has proven it to be money well spent. But blaming Reagan for obama's spending is just retarded.
Carter INCREASED military spending.
CARTER REVISITED
Popularly known as one of our weakest and unsuccessful Presidents- although the “perception” may be true- much of it is a result of myths- and incorrect information- whereas- Ronald Reagan’s overall great image in American politics- is also due to many myths.
Jimmy Carter did not entangle America in foreign conflicts- Jimmy Carter did not expand our debt significantly (1.6-2.7%)- Jimmy Carter reduced the poverty rate (1976-80 poverty rate fell several points), Jimmy Carter was not a big tax and spend President.
Another popular myth is what Jimmy Carter did to the military- i.e. created a hollow force, reduced spending, etc. – this is a myth. Carter did not engage in some massive reduction in military spending, the budget was on a rapid decline because of the end of the Vietnam War, but into his second year- he (Carter) began a military buildup in spending and to address the “hollow force” issues which was a result of the draw down related directly to the ending of the Vietnam War.
After Carter’s second year in office military spending was boosted by 5% on an upward trajectory- continued by Reagan. During the Carter years- defense spending increased from 4.7% of GDP to 5.2% of GDP- therefore- it was pure myth that during the Carter years the military was “hollowed out” or cut is simply not true. Indeed “some” cut were being made as a result of winding up the Vietnam War and it was Carter who initiated programs to rectify this situation by creating new platforms, commission new weapons, and a surge in building “LIFT” capability (in later years this gave our military global reach). Reagan continued and expanded upon Carter’s and Secretary of Defense Brown’s policies.
I am personally a great fan of Ronald Reagan and remember his Presidency well, but in the study of history- we use time and greater time as an analytical tool to be able to reflect on events more clearly, more objectively and with less emotion- and probably- with many more facts than when events occurred.
In this case, it’s time to revise history just a bit- to realize that Carter got a bad rap for many things which were simply not true about him- and Reagan gained a lot of adulation for things which were not true about him also- i.e. he created enormous deficits by cutting taxes and raising defense spending and the increased tax base did not yield as much revenue as predicted- hence large deficits.
For example, under Carter, the budget deficit as a percentage of GDP was 1.6%-2.7% yet under Reagan, our deficits expanded from 2.6% to 4.0% to 6.0% hovering for two years at 5.1% before reducing to 3.2% during his final year. From those numbers- clearly Carter is the fiscal conservative whereas Reagan is the one expanding government, spending, and debt levels.