So ed, the self described Libertarian, says:
Why always be a childish clown? If you think conservative/libertarian philosophy is stupid state your most substantive reason or admit as a typical liberal you lack the IQ to do so and fear to try.
Oh, my. Ed is back at it. being the con tool that he always is. Telling us about the wonders of libertarianism. There must be thousands of cases, ed, me poor ignorant tool, where Libertarian economies have succeeded. But for some reason, you can not name even one. They all start with such promise, but end as economic cesspools. Damn, ed, there must be some out there. And you, the libertarian god, must have some examples. Cmon, ed, show us the way.
And ed says:
Oh and I assume you've dropped the idiotic nonsense about the Reagan administration being proof that capitalism doesn't work??
Which, of course, I never suggested. Reagan only tried another round of Supply Side economics. Renamed it Reaganomics. Nothing new, actually. So, since you brought it up, lets take a look.
In '81, Rea gan had his great tax decrease. sold it to us all as a great new beginning. Unemployment was at 7.4%. But reaganomics would stimulate economic activity and bring down the deficit, while bringing unemployment down. Way down. It would be WONDERFUL. So, lets look forward a year plus. (Going to be GREAT, ed. Do you feel the goose bumps forming) But what is this, ed. For the past year and a half, the unemployment rate has been steadily climbing. Clear to over 10.8% by November. Highest EVER, to this day, since the great depression.Damn. And the deficit is rising like a rocket. But Reagan, our HERO, will fix it. So, what DOES he do. He borrows. Like crazy. Triples the national debt. Borrows more than all the presidents before him COMBINED. And he RAISED taxes 11 times. And he SPENT, and SPENT, like a drunken sailor. Increased the size of government. All kind of looks different than Reaganomics, more like Keynsian economics. Stimulus spending. But this is your hero. Reagan. He must have used Reaganomics to get us out of the mess he got us in to. Cmon, ed. Show us when he did so. You know, when things were really bad, back in late '82. You NEED reaganomics to have worked. Otherwise, how can you EVER have a libertarian economy that works??
y climbing.