Reaganomics won US Lost

[Joanne98]

Alexander Hamilton’s 1791 report to Congress on manufacturers. Hamilton laid out this six-step plan to build an industrial economy in the United States. And, we followed it. Congress actually put it into place in 1792 and it stood until Ronald Reagan came along and started deconstructing this, followed by George Herbert Walker Bush, Bill Clinton and George Bush, now, and the legislatures, mostly pushed by the Republicans, taking this thing apart. I mean, you could argue that some it started with Taft-Hartley. But, basically, the Founders laid this thing out; they had it figured out. And, it worked. We built the biggest industrial infrastructure, industrial economy in the world. We have gone—when Reagan came into office we were the largest exporter of manufacturing goods and the largest importer of raw materials on the planet. And, the largest creditor—more people owed us money than anybody else in the world. Now, just 28 years later, we’re the largest importer of finished goods, manufactured goods; the largest exporter of raw materials—which is kind of the definition of a third-world nation—and we’re the most in-debt of any country in the world. This is the absolute consequence of Reaganomics.

http://skyshoes.wordpress.com/2008/12/14/reaganomics-won-us-lost/

[Uben]

1. Does this mean Saint Ronnie....

....is now the worst administration in the history of the U.S., or can Bush hang on to that title? Enquiring minds want, nay need, to know!

[glowing]

3. Bush just took it to an extreme... AND sold off the govt to his friends.

There was nothing Conservative about his admin. He spent a lot of money for failure. If the ass-hat had been a Conservative, he would not have run up the debt. The ar would have had to been paid for as we go. He would have had to increase the tax of everyone in order to become solvent, and decrease other services. Had this actually happened, I would doubt the American people would agree to a war. If say, to pay for the war, across the board, taxes increased, and services decreased. If Americans actually experienced the pain of losing services that they depend on and an increase of taxes to pay as we go, everyone would have protested the war.

[theoldman]

2. It is also the consequence of us continuing to produce buggy whips.

The US should have expanded into new fields of medicine and technology. Of course this required education instead of muscle. We should be exporting intelligence.

[ixion]

4. exactly

there was a moment in time when this would have been possible. Now, however, it will takes years of REAL education to develop our resource pool. This is a long shot, though, because our government -- and further our society, in general -- loathes education and intellect.

[MannyGoldstein]

5. But It All Made So Much Sense

Take more money from the middle class, give it to the rich, and they rich will give it all, and more, back to the middle class. And, the less you tax people, the more you'll get from them.

I see no flaws in those arguments.

[Fearless]

6. No it'll be the opposite yet...

If we can take this opportunity to reregulate like there's no tomorrow.... Earth to CONGRESS...??

[madmom]

7. That's why the repugs are fighting so hard, they can't/won't admit that

reaganomics failed! They have lost their messiah.

[sarcasmo]

8. Trickle down doesn't work, imagine that. The Bank bailout isn't working and the money should have

gone to the people. Imagine what we all could have done with thirty grand each, everyone over 18 getting thirty grand would have trickled up like crazy.