R.I P. Middle Class (just my opinion)

[BlahBlahYouToo]

Ok, so do you disagree with Reagonomics the theory or the budget decisions of Reagan? The principles of Reagonomics were smaller government and less taxes. Admittedly, fiscally speaking, he didnt do very well in regards to that.

None the less he did lower taxes. Of course one of the reasons for his massive deficit runup was due to the Cold War. He just simply outspent the Russians and won the Cold War with dollars rather then bullets.

So tell me once again, which part of smaller government and less taxes to you disagree with? And dont even begin to mention deficit run up with your boy Obungo in office spending like he has a money tree in the back he just has to shake every week or so to get more green.

nonetheless is one word buddy.

 

[Specop 007]

nonetheless is one word buddy.

LOL

Dam I new that two! Good catch.

 

[GroundedSailor]

Ok, so do you disagree with Reagonomics the theory or the budget decisions of Reagan? The principles of Reagonomics were smaller government and less taxes. Admittedly, fiscally speaking, he didnt do very well in regards to that.

None the less he did lower taxes. Of course one of the reasons for his massive deficit runup was due to the Cold War. He just simply outspent the Russians and won the Cold War with dollars rather then bullets.

So tell me once again, which part of smaller government and less taxes to you disagree with? And dont even begin to mention deficit run up with your boy Obungo in office spending like he has a money tree in the back he just has to shake every week or so to get more green.

You conveniently ignore that after the initial tax cuts he was forced to increase taxes for the rest of his presidency, specially in his second term.

 

[Steeplerot]

Fiscal Conservatism is another lie like welfare queens and Reagans BS stories of his exploits in ww2.
Regan was bullshit and so is the myth of conservatism.
he is nothing more then a cult of personality figure fox news and buddies prop up for the gullible.
Ever wonder why Reagans real record never meets to hype and conservatism has turned out to be nothing less then a middle class wealth redistribution for the rich?

 

[Specop 007]

You conveniently ignore that after the initial tax cuts he was forced to increase taxes for the rest of his presidency, specially in his second term.

I'm not conveniently ignoring anything. It seems too many here are confusing the principles and theories or Reaganomics with how Reagan applied them. I certainly cant help it if the reader is incapable of realizing the differences between the belief of something and how it is applied now can I?

Reaganomics as a policy were (Per wiki) as follows....

1. reduce government spending,
2. reduce income and capital gains marginal tax rates,
3. reduce government regulation of the economy,
4. control the money supply to reduce inflation.

As found here
http://en.wikipedia.org/wiki/Reaganomics

Now the fact the Reagan didnt strictly adhere to his own policies is another matter entirely.

 

[Ozoned]

With unemployment at 10% + in some places, and with no relief in sight from either the government nor the business sector, it makes one wonder if the middle class is no longer much of a factor in the US economy. Use to be the middle class made the goods, made the cars, the steel, the tires, the garments. Today, we depend on Mexico and China, as well as other foreign countries to do the manufacturing. The only real business left in America is pushing money around and profiting off the sick in the healthcare industry. Maybe that is why, when wall street was in trouble, the government Calvary came a running with money in hand.

But when it comes to unemployment at 10% +, nothing but lip service is offered. As things get worse, it becomes obvious no Calvary is waiting in the wings to come a running at the aid of the working middle class as it did for wall street and banking. Im not talking of a handout of money to the middle class unemployed, but a handout of ideas and blue collar jobs. Maybe the way it is, is exactly how our leaders want it? It is said as unemployment increases, so does the stock market enjoy gains. Business laying off workers, it has been said is actually a good thing for the market place. If a business has less workers to pay salary to, benefits to, their stock holders will benefit. The money pushers benefit. Wall street benefits, and the company benefits. So why should anyone from the government side, from the top down, care anything about the displaced so called middle class workers? After all, few of them actually manufacture any goods in America anymore. Government appears to look at them as a huge burden on society.
If you push around money, you probably have a good secure job. If you are in the healthcare industry, you probably have a good secure job. If you work in the fast food industry, you at least have a secure job.

This too could be why so many in congress are against healthcare reform. The healthcare industry is one of the few American based companies that actually employ Americans. It would seem a slam dunk for government to support a government based “healthcare for all” system. A totally “nonprofit” system. A morally responsible system. But congress would not even consider that option when healthcare reform began. Is it possible congress realizes healthcare for profit is one of the few remaining true American based industries, like it or not. Evil as it is as a concept for any civilized society.

If you were a union worker, a blue collar worker, and you watch unemployment soaring higher and higher daily, should you be surprised when it seems you now live in an Alice in Wonderland world in America today? A country turned upside down? A country where continuing a system of healthcare for profiting off the sick is the goal of leaders, and accepted as an legitimate condition, regardless of what the majority of the citizens want? An Alice in Wonderland country where billions of tax dollars can go to bail out banks and wall street with no questions asked, while high unemployment gets little more attention than lip service? Unions are dying, manufacturing sent offshore, and the blue collar working middle class is looking into the mirror at their own mortality. Either you find employment pushing around money, or in the healthcare industry, or you live off government unemployment benefits.

I recently watched the old classic film “The Grapes of Wrath”. The poor family went from place to place looking for decent work, but found none. Finally they came across a government ran camp where they were given housing and comfort. But the one thing missing, the one thing unacceptable regardless of the comfort, the opportunity to work and earn a decent living. Sounds a lot like today’s continuing government unemployment benefits program. A program of benefits the government extends over and over. The governments solution to unemployment and a dying middle class. And even with that, a program the government is beginning to show less and less tolerance of. So to the America’s middle class, R.I.P.
(just my opinion)

The middle class has learned how to make money in any economy. They have the unique position to exploit from those above, and those below them

 

[Jaskalas]

I disagree. The masses won't turn off American Idol, get off the couch, and do anything.

Hunger is a powerful motivator.

 

[blackangst1]

Although there are some good points here, I would like to add another twist. I believe out definition of middle class is skewed also. We have a serious entitlement issue in this country. People think they deserve more, when in fact they dont. No one deserves something just because they feel like it. Although our middle class is shrinking, our middle class are fucking SPOILED ROTTEN. Multiple TV's/plasmas/LCDs. Multiple computers and laptops per home. Game boxes. Top of the line phones with data plans. Eating out 5x/week. Name brand everything. Driving a car equal to their annual pay (or more). Living in a house 1000 sq feet bigger than they need. Etc etc etc.

And, business is to blame also. Why? They make these things available to people. These financing schemes are killing us.

Another issue is we as a people have lost our way. We dont hold value to the things we once did: family, honor, children, pride, honor. Now its consumerism. We dont give a FUCK about our kids. We dont give a FUCK about our own retirements. We just give a FUCK if we can BUY that next toy. We're fucking spoiled. I said it in another thread that our poor are middle class in most of the rest of the world. Guess where that puts our middle class? When I first started travelling 13 or so years ago I realized what Im saying is true, and I was guilty of it. Since then I have pared down. Although my net worth is literally half of what it was 13 years ago (NOT including retirement account), I am living within my means, only live in a place big enough for what I need, and rarely buy ANYTHING extravagant. My car is paid for (I do have a motorcycle payment), I dont have a mortgage, and I live on 70% of my income. I think if we as a nation returned to some core values we would improve drastically. Im wondering how many people could actually live on cash and eliminate ANY credit they have? I could, and do.

 

[Specop 007]

Although there are some good points here, I would like to add another twist. I believe out definition of middle class is skewed also. We have a serious entitlement issue in this country. People think they deserve more, when in fact they dont. No one deserves something just because they feel like it. Although our middle class is shrinking, our middle class are fucking SPOILED ROTTEN. Multiple TV's/plasmas/LCDs. Multiple computers and laptops per home. Game boxes. Top of the line phones with data plans. Eating out 5x/week. Name brand everything. Driving a car equal to their annual pay (or more). Living in a house 1000 sq feet bigger than they need. Etc etc etc.

And, business is to blame also. Why? They make these things available to people. These financing schemes are killing us.

Another issue is we as a people have lost our way. We dont hold value to the things we once did: family, honor, children, pride, honor. Now its consumerism. We dont give a FUCK about our kids. We dont give a FUCK about our own retirements. We just give a FUCK if we can BUY that next toy. We're fucking spoiled. I said it in another thread that our poor are middle class in most of the rest of the world. Guess where that puts our middle class? When I first started travelling 13 or so years ago I realized what Im saying is true, and I was guilty of it. Since then I have pared down. Although my net worth is literally half of what it was 13 years ago (NOT including retirement account), I am living within my means, only live in a place big enough for what I need, and rarely buy ANYTHING extravagant. My car is paid for (I do have a motorcycle payment), I dont have a mortgage, and I live on 70% of my income. I think if we as a nation returned to some core values we would improve drastically. Im wondering how many people could actually live on cash and eliminate ANY credit they have? I could, and do.

The entitlement you speak of is more a function of the lower class. While the middle class shares this to some extent they at least are willing to hold a job. The lower class entitlement is waiting for the government to give it to them, the middle class entitlement is wanting the option to make payments on everything.

One of these is at least a successful way to go about it. Theres nothing wrong with the entitlement mentality of the middle class. The lower class version of it is corrupt to the core because it is nothing more then waiting for money to be given from them that was taken from someone with a job.

 

[bl4ckfl4g]

HOPE AND CHANGE!

We'll have NO change in taxes for anyone under 250k income. We'll have job recovery! We'll have.....

Oh wait. You mean you bought into the lies of HOPE AND CHANGE and not the empty suit he is in reality?

Gotchya. Fuck man you're on point today arent you.

How does your reply have anything to do with what I wrote?

Reagan is long since gone and his legacy is a fantasy. You prop him up as if he cut the deficit and taxes when he didn't lol. What exactly was so great about him?

I am not claiming that Obama is great or even good. I'm pretty unsatisfied with him so your response is confusing.

 

[werepossum]

It is a double edged sword. You and I are as responsible for the outsourcing as is the .gov and the evil corporations.

We are all against outsourcing in principle but do you put really support it? How many of you are willing to pay more to buy an American made car? Instead you will spend 3 or 4 pages telling me why that foreign car you own is better, all the while you are advocating the outsourcing of American jobs. Where do you shop? You like them cheap DVD players and cheap clothes and all the other crap we buy. When was the last time you actually went out of your way to at least attempt to purchase American made goods?

I am not throwing stones my friend as I am just as guilty although I do sorta try to find American made products. I usually give up after a try or two and buy the foreign made stuff out of convenience.

Anyone who disagrees, I will make you this bet. Take two batches of identical shirts made at the same time. Put half of them on one rack at walmart with a big "sale" sign over it with a price of $5 each. The other half goes on another rack right next to the first with a big ass MADE IN AMERICA sign over it at a price of $10 ea. I got $100 that says the cheap shirts sell much faster.

Then again, can you blame them? Can you blame your fellow countrymen for wanting their hard earned dollars to go further for their families? Can you blame them for wanting a better or more car for their money?

Are WE as Americans willing to put OUR money where our mouths are? Are we willing to spend more on our stuff in order to ensure that our countrymen have jobs and opportunities. We are the consumer and we have all of the power. It used to be a matter of pride to buy American made. We no longer care but I guarantee if we did we could change it.

How many Americans still do business with the very banks that took their tax dollars to stay afloat and thanked them by royally fucking them over? Why do you suppose that is?

It is easy to blame the politicians and the evil corporations, and they do share in the blame, but at the same time what have we done about it? We have supported it that is what we have done and we continue to do so.

I'm willing to pay more for American made, but it's increasingly hard to find. We bought an office suite a couple months back; not a single furniture store in Chattanooga had anything suitable not made in China. I generally drive Chevy Trackers even though Suzuki sells them for slightly less money, but no actual American made vehicles meet my criteria (4x4, convertible, four passenger, 30 mpg) at any price.

Also, it's hard to make correct decisions. I buy Goodyear tires, but even they aren't all made in the USA, you have to check each model, and all of them use imported rubber. Would an American company's tire produced with imported steel be better or worse than a foreign company's tire made with domestic steel? Is it better to buy a foreign manufacturer's automobile manufactured in the USA (such as some Nissan, Toyota, Honda, etc. models) or an American manufacturer's automobile manufactured in Canada (like my Trackers) or other countries? Can I justify buying an American-built model like a Jeep which gets 17 mpg rather than a Canadian-built Tracker which gets 30 mpg, so that over the life of the vehicle I actually add to the trade deficit because of the extra oil I consume? What if I know an American company is dumping poisonous by-products into the oceans in Viet Nam - are its products still a more responsible purchase than a foreign competitor with more responsible economic practices? I'm all for buying responsibly, but these decisions aren't necessarily easy.

Great post BTY, Boomerang, I just didn't have any comments on it. LOL

 

[boomerang]

Although there are some good points here, I would like to add another twist. I believe out definition of middle class is skewed also. We have a serious entitlement issue in this country. People think they deserve more, when in fact they dont. No one deserves something just because they feel like it. Although our middle class is shrinking, our middle class are fucking SPOILED ROTTEN. Multiple TV's/plasmas/LCDs. Multiple computers and laptops per home. Game boxes. Top of the line phones with data plans. Eating out 5x/week. Name brand everything. Driving a car equal to their annual pay (or more). Living in a house 1000 sq feet bigger than they need. Etc etc etc.

And, business is to blame also. Why? They make these things available to people. These financing schemes are killing us.

Another issue is we as a people have lost our way. We dont hold value to the things we once did: family, honor, children, pride, honor. Now its consumerism. We dont give a FUCK about our kids. We dont give a FUCK about our own retirements. We just give a FUCK if we can BUY that next toy. We're fucking spoiled. I said it in another thread that our poor are middle class in most of the rest of the world. Guess where that puts our middle class? <snip> I think if we as a nation returned to some core values we would improve drastically. Im wondering how many people could actually live on cash and eliminate ANY credit they have? I could, and do.

These problems will sort themselves out. $105 trillion in unfunded liabilities and a ballooning $12 trillion debt will dictate that. If we're not willing to do it ourselves, the international community will ensure that it happens. It's already begun. Obama went on a middle east tour and before it was over he was remarking that our debt just might be a problem. Big turnaround for him. IMO, he had a come to Jesus meeting with the Chinese. They showed him the bottom of the well.

What's worrisome is the transition. Talk about everybody having to take a haircut! The younger generation will never have the things we have. It's unfolding right now before our eyes. Their lifestyle will never equal that of their parents. Credit is tightened up. They will not be able to live beyond their means - not by choice - by design. How they deal with this will be key. Will they return to core values, will they give up, or will they revolt? Human nature being what it is, most will adapt and embrace those core values. But they will do everything in their power to make sure that their children fare better than they did.

Very interesting times.

BTW there are many more out there that can live within their means right now than you think - I believe. Most aren't talking about it, they're just going about their daily business.

I'm unusually upbeat today. I'm starting to see things fall into place. Tomorrow, however is another day.

 

[Specop 007]

How does your reply have anything to do with what I wrote?

Reagan is long since gone and his legacy is a fantasy. You prop him up as if he cut the deficit and taxes when he didn't lol. What exactly was so great about him?

I am not claiming that Obama is great or even good. I'm pretty unsatisfied with him so your response is confusing.

Really?? I mean, really??

You claim I buy into the fantasy of Reagan, I claim you buy into the fantasy of Obungo.

 

[Steeplerot]

Although there are some good points here, I would like to add another twist. I believe out definition of middle class is skewed also. We have a serious entitlement issue in this country. People think they deserve more, when in fact they dont. No one deserves something just because they feel like it. Although our middle class is shrinking, our middle class are fucking SPOILED ROTTEN. Multiple TV's/plasmas/LCDs. Multiple computers and laptops per home. Game boxes. Top of the line phones with data plans. Eating out 5x/week. Name brand everything. Driving a car equal to their annual pay (or more). Living in a house 1000 sq feet bigger than they need. Etc etc etc.

Do not know where you live but these people are already broke years ago here and just trying to survive. Hell, even the people who were responsible are just holding on by their nails (if that). I suggest reality, its a awesome thing to grasp.

 

[bl4ckfl4g]

Really?? I mean, really??

You claim I buy into the fantasy of Reagan, I claim you buy into the fantasy of Obungo.

you don't see the difference in buying into a fantasy that has long since past where we can see what he actually did and buying into a fantasy of promises for the future where the results haven't been seen?

And btw I don't buy into any Obama fantasy. So I guess you're wrong again.

Why is it so hard to admit the facts about reagan? What he said and did were two different things. Kinda like a hmmm a president that was recently elected.

 

[soulcougher73]

nonetheless is one word buddy.

Wow. You showed him.

 

[Robor]

That is not exactly true either. Walmart doesn't have the cheapest prices because of bulk alone. Profit margins aren't as high as you would like to think for most manufacturers and it is a very competitive market (most of them at least). You don't get to pocket 80% of the savings for long before your competitor undercuts your prices.

Read up on Wallyworld alone and how they squeeze every penny they can out of their suppliers AND actually pass most of that savings on to the customer.

How many suppliers has Walmart squeezed to the point of going out of business or shipping manf jobs overseas to keep their products on Walmart's shelf?

 

[sandorski]

Although there are some good points here, I would like to add another twist. I believe out definition of middle class is skewed also. We have a serious entitlement issue in this country. People think they deserve more, when in fact they dont. No one deserves something just because they feel like it. Although our middle class is shrinking, our middle class are fucking SPOILED ROTTEN. Multiple TV's/plasmas/LCDs. Multiple computers and laptops per home. Game boxes. Top of the line phones with data plans. Eating out 5x/week. Name brand everything. Driving a car equal to their annual pay (or more). Living in a house 1000 sq feet bigger than they need. Etc etc etc.

And, business is to blame also. Why? They make these things available to people. These financing schemes are killing us.

Another issue is we as a people have lost our way. We dont hold value to the things we once did: family, honor, children, pride, honor. Now its consumerism. We dont give a FUCK about our kids. We dont give a FUCK about our own retirements. We just give a FUCK if we can BUY that next toy. We're fucking spoiled. I said it in another thread that our poor are middle class in most of the rest of the world. Guess where that puts our middle class? When I first started travelling 13 or so years ago I realized what Im saying is true, and I was guilty of it. Since then I have pared down. Although my net worth is literally half of what it was 13 years ago (NOT including retirement account), I am living within my means, only live in a place big enough for what I need, and rarely buy ANYTHING extravagant. My car is paid for (I do have a motorcycle payment), I dont have a mortgage, and I live on 70% of my income. I think if we as a nation returned to some core values we would improve drastically. Im wondering how many people could actually live on cash and eliminate ANY credit they have? I could, and do.

Good points, but at the same time I think there's more to it. There's a whole fantasy involved from the Bottom to the Top. Military Might has gone to everyone's head and a paralyzing thinking of Invincibility has taken hold. Unfortunately that has led to a haphazard way of dealing with things.

Politicians have thrown any sense of Logic out in order to be Elected. Tax Cuts during a War and while Deficits exist for eg, that's just stupidity. The nation may be way ahead of anyone else, but many other Nations are catching up fast and positioning themselves on a much more solid foundation. At the same time US Deficits are actually being backed by those very same Nations catching up. It shouldn't take a Rocket Scientist to see the inherent danger in that situation, but the Invincibility factor seems to blind everyone.

"Entitlements", I think is the term when it comes down to the Individual Citizen. I think the correct term should be "Expectations". Expectations are born from the Ideal of the "American Dream". That involves basically 2 things, 1) That Hard Work will improve your Life and position in Life, and 2) That your Children will enjoy a better Life than you. Both those worked very well at times, especially Post-WW2-approx the '60's, but then the wheels began to fall off around the '70's. I'd blame the Vietnam War and the Oil Crisis the most for that, as both had deep psychological impacts on the American psyche that took a long time to overcome. Reagan was instrumental to overcoming those impacts, but he also introduced a Policy/Philosophy that simply can't be sustained in the longterm.

Getting back to Expectations, once the wheels fell off in the '70's, Individuals, Governments, and Institutions like Banks began looking for other ways to fulfill Expectations. That is where Credit comes into play and I think where things really started to get out of hand. A type of fantasy bubble was beginning to be formed about then from Top to Bottom of Society that would only increasingly get fantastical as time went on. Ideas such as Living within One's Means and simple Fiscal Prudence was thrown out the window a long time ago.

To get back to a more sensible Fiscal policy, I think Individuals and Banks need much more stringent limitations. Banks need to not allow themselves(either by their own Policy or Regulations) to Lend to Individuals who are too Indebted already and Banks need to be required to have more Cash/Assets compared to the amount of $ they have Lent out.

Governments need to take a more Keynesian Policy towards their Budgets. That is, to Operate at a Neutral or Surplus position during Economic Growth and only tolerate Deficits during Recessions. Due to some circumstances that may not always be possible, but this idea that "Deficits don't matter" is simply lunacy. They sometimes might be necessary, but they most certainly do eventually matter.

In short, the US is indeed vulnerable and if people don't start acting like it is, then one day the truth of that vulnerability will have tragic consequences.

[/off the top of my head mutterings]

 

[Specop 007]

you don't see the difference in buying into a fantasy that has long since past where we can see what he actually did and buying into a fantasy of promises for the future where the results haven't been seen?

And btw I don't buy into any Obama fantasy. So I guess you're wrong again.

Why is it so hard to admit the facts about reagan? What he said and did were two different things. Kinda like a hmmm a president that was recently elected.

Let me make my claim clear.

You simply dont "get it".

I'm NOT defending Reagan, and have not defended him ANYWHERE in this thread. I HAVE defended his ON PAPER policies of less government and lower taxes. That IS what "Reaganomics" is. The policy of less government and lower taxes.

You have chosen to take a mans ACTIONS and pin that to his advertised INTENTIONS thereby discrediting his economic policy.

Those are two different things. The mouth breathers here cant seem to wrap their simple little minds around this even though I have repeatedly pointed it ou, even going so far as to link to wiki a brief explanation of Reaganomics.

I BELIEVE marijuana should be legal, my ACTIONS however are to not smoke it because it is not. Reagans BELIEF was less government and lower taxes, his ACTIONS were huge government spending.......

See the difference? Fucks sake.........

ON PAPER Reaganomics kicks ass. The only person to really try to follow the policy (Reagan) didnt exactly pull it off, so we project what Reagan DID with what his policy was and claim the policy a failure? Mouth breathers........


I've capitalized significant points for you.

 

[soulcougher73]

ON PAPER Reaganomics kicks ass. The only person to really try to follow the policy (Reagan) didnt exactly pull it off, so we project what Reagan DID with what his policy was and claim the policy a failure? Mouth breathers........

ON PAPER Communism kicks ass as well. But that darn human factor always messes it up.

 

[Steeplerot]

Let me make my claim clear.

You simply dont "get it".

I'm NOT defending Reagan, and have not defended him ANYWHERE in this thread. I HAVE defended his ON PAPER policies of less government and lower taxes. That IS what "Reaganomics" is. The policy of less government and lower taxes.

You have chosen to take a mans ACTIONS and pin that to his advertised INTENTIONS thereby discrediting his economic policy.

Those are two different things. The mouth breathers here cant seem to wrap their simple little minds around this even though I have repeatedly pointed it ou, even going so far as to link to wiki a brief explanation of Reaganomics.

I BELIEVE marijuana should be legal, my ACTIONS however are to not smoke it because it is not. Reagans BELIEF was less government and lower taxes, his ACTIONS were huge government spending.......

See the difference? Fucks sake.........

ON PAPER Reaganomics kicks ass. The only person to really try to follow the policy (Reagan) didnt exactly pull it off, so we project what Reagan DID with what his policy was and claim the policy a failure? Mouth breathers........


I've capitalized significant points for you.

Hypocrisy is the act of pretending to have beliefs, opinions, virtues, feelings, qualities, or standards that one does not actually have. Hypocrisy is thus a kind of lie. Hypocrisy may come from a desire to hide from others actual motives or feelings.

Hypocrisy is not simply an inconsistency between what is advocated and what is done. Samuel Johnson made this point when he wrote about the misuse of the charge of "hypocrisy" in Rambler No. 14:

Nothing is more unjust, however common, than to charge with hypocrisy him that expresses zeal for those virtues which he neglects to practice; since he may be sincerely convinced of the advantages of conquering his passions, without having yet obtained the victory, as a man may be confident of the advantages of a voyage, or a journey, without having courage or industry to undertake it, and may honestly recommend to others, those attempts which he neglects himself.




Is that clear?

 

[bl4ckfl4g]

Let me make my claim clear.

You simply dont "get it".

I'm NOT defending Reagan, and have not defended him ANYWHERE in this thread. I HAVE defended his ON PAPER policies of less government and lower taxes. That IS what "Reaganomics" is. The policy of less government and lower taxes.

You have chosen to take a mans ACTIONS and pin that to his advertised INTENTIONS thereby discrediting his economic policy.

Those are two different things. The mouth breathers here cant seem to wrap their simple little minds around this even though I have repeatedly pointed it ou, even going so far as to link to wiki a brief explanation of Reaganomics.

I BELIEVE marijuana should be legal, my ACTIONS however are to not smoke it because it is not. Reagans BELIEF was less government and lower taxes, his ACTIONS were huge government spending.......

See the difference? Fucks sake.........

ON PAPER Reaganomics kicks ass. The only person to really try to follow the policy (Reagan) didnt exactly pull it off, so we project what Reagan DID with what his policy was and claim the policy a failure? Mouth breathers........


I've capitalized significant points for you.

I believe in that fantasy policy also. No President will actually do it.

You went off the rails with all the Obama crap. I never defended him lol. Maybe stick on point instead of projecting and your point will be better received.

 

[RedChief]

Governments need to take a more Keynesian Policy towards their Budgets. That is, to Operate at a Neutral or Surplus position during Economic Growth and only tolerate Deficits during Recessions. Due to some circumstances that may not always be possible, but this idea that "Deficits don't matter" is simply lunacy. They sometimes might be necessary, but they most certainly do eventually matter.

What your missing though is governments will never save money during good times. Any budget surplus will be spent, it will not be saved. Hence Keynesian policy will never succeed because the half of the policy that requires some discipline (the saving) will never be implemented. Implementing Keynesian policies half-assed (which is what Obamanomics is) are making things even worst.

 

[xj0hnx]

We are all against outsourcing in principle but do you put really support it? How many of you are willing to pay more to buy an American made car? Instead you will spend 3 or 4 pages telling me why that foreign car you own is better, all the while you are advocating the outsourcing of American jobs.

Intersting since my "japanese" car was made in Ohio, and the engine was manufacturered in L.A., while my friends Ford was made in...Mexico.

 

[Robor]

Wow. You showed him.

Is that your thing?