travelah - 06 July 2009 12:51 PM
I don’t think I’ve read such a pile of hogwash in quite some time.
1. Iran-Contra has nothing to do with liberal vs. conservatism unless you are going to equate the Gulf of Tonkin incident as denying Johnson’s liberalism.
So, from your point of view it’s a “conservative” thing to use illegal, unregulated money from clearly illegal business deals to fund an illegal war? There’s nothing conservative about it. It’s criminal, and “liberal” in the sense that the conservative way to accomplish the same thing would be to do it, I don’t know, legally.
2. The recession in 1982 was the result of pulling the trigger on the Carter years which were FAR worse than anything seen since including the current Democrat mess we are in. Supply Side economics had not yet begun to kick in.
Rubbish. That was three years into Reagan’s term, and a direct result of his policies.
3. The 1987 market “crash” was the result of an auto-trade system that had nothing to do intentional deregulation. In fact it spurred tighter controls to restrict auto-trades and the stock market soared until 9-11 kicked it in the shins.
Also rubbish. It had everything to do with deregulation and under-regulation—both hallmarks of Reagan’s polices—and I’d love to hear a serious argument otherwise.
4. The savings and loan issues ???? how in hell do you tie this to Reagan conservative policies??? Please share more.
Learn some history. This is hardly a revelation. I mean, ANY serious, non-partisan examination of the actual events will tie it directly to Reagan’s policies and direct support of deregulation. It’s almost the same situation as Bush The Recent’s deregulation fiasco leading to yet another housing bubble, but with slightly different effects.
5. Debt increased at a much lower rate than GDP. In fact, tax cuts produced nothing but economic growth and increased government revenues.
It did nothing of the sort. I’m not sure where you’ve even gotten the idea that real economic growth happened. Various price bubbles happened, I guess, but real economic growth sucked wind until the end of the recession that started on “Black Monday” in 1987, right in the prime of Reagan’s second term, and lasted more-or-less until Clinton took office. But believe whatever you like.
Leave it to a socialist to muddy the water.
... with those annoying “facts” he keeps using.