OUBubba
5,000+ Posts
Truth is an absolute defense.How are you any better? Have you listened to some of your rants on Trump? Dude, you created a thread about how stupid Trump is for looking directly at the eclipse. Good grief.
Carter took over a **** show of an economy thanks to many things - from price fixing to the fall out of well over a decade of wars in Asia. The economy was ready to restart due to the cyclical nature of things. Reagan did good things. That said, deficit spending was not horribly out of control pre Carter/Reagan. Reagan roughly tripled the deficit as compared to Carter - clarification...Carter added approximately 1/3 of what Reagan did in their first/only terms. I'll concede that he outspent the USSR by doing it but he was no shrinking violet when it came to deficit spending. I'll also concede that much of the positives that people throw on Bill Clinton about the economy in his presidency should be shared with the Reagan/Bush momentum and the technology boom that he kind of fell into.
Supply side economics are designed to fiddle with the Laffer curve. When you cut revenue but you don't cut expenses, the model doesn't work. JFK was the last President to do it properly. When you do it the way it's been done since Reagan it actually is voodoo economics. CEO's build bigger houses and buy bigger boats.
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