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"in fact, reagans deficits worked against the anti-inflationary measures of the fed, prolonging the recession."
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i love how that line comes directly from the report"Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini -
It didn't prolong the recession though. Additionally, these were more medium and long term steps. In the short term, it burns. Like in Argentina, steps that need to be taken may cause the economy to decline.. but these are steps they have to take for necessary, stable reform. The difference between me and you Lawrence, is I think about the medium and long terms... while you only think short term. Thus rendering your beliefs useless and unstable.For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)Comment
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economic theory says it does. if you want to discuss sociology, a field were everyone talks about their feelings and doesnt use any real models, then go ahead. but im talkin economics, and model explains very clearly that deficit govt spending: a) crowds out private enterprises, thus slowling down GDP and b) increases inflation, wiping out profits, thus slowing down GDP.It didn't prolong the recession though.
are you even familiar with the argentina problem? because if you are, you wouldnt have said that. argentina never took steps that caused the economy to decline in the short term. they only took steps that might cause the economy to decline in the long term.Like in Argentina, steps that need to be taken may cause the economy to decline.. but these are steps they have to take for necessary, stable reform.
you arnt thinking in any term, and you ignore half of my first post, so its obvious that youve lost."Everything for the State, nothing against the State, nothing outside the State" - Benito MussoliniComment
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Economic theory does? Really?Originally posted by Lawrence of Arabia
economic theory says it does. if you want to discuss sociology, a field were everyone talks about their feelings and doesnt use any real models, then go ahead. but im talkin economics, and model explains very clearly that deficit govt spending: a) crowds out private enterprises, thus slowling down GDP and b) increases inflation, wiping out profits, thus slowing down GDP.
are you even familiar with the argentina problem? because if you are, you wouldnt have said that. argentina never took steps that caused the economy to decline in the short term. they only took steps that might cause the economy to decline in the long term.
you arnt thinking in any term, and you ignore half of my first post, so its obvious that youve lost.
Sometimes you can't take steps to get short-term growth because the situation was very bad and was sliding while you were there. Again I think you are not thinking about the medium or long terms. You have this inability about thinking of the future. Reagan's policies all in all led to a massive economic expansion.
You are just full of yourself. You aren't thinking in any reality. You are the one who lost.
Hopeless I say. You're a revisionist too.For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)Comment
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yep, it really does.
Economic theory does? Really?
oh right, because the economy under Bush I was soo much better. the only medium - longterm effect reagan had was a huge debt. reagans policies all in all bankrupted the country both morally and monetairly, slowed down economic recovery, as your source even says it does, and did not lead to economiic expansion. yeah, let me say it again. his tax cuts did not lead to economic expansion. and there is no direct evidence that it did.Sometimes you can't take steps to get short-term growth because the situation was very bad and was sliding while you were there. Again I think you are not thinking about the medium or long terms. You have this inability about thinking of the future. Reagan's policies all in all led to a massive economic expansion.
your nose is so far up reagans ass you can see his empty brain"Everything for the State, nothing against the State, nothing outside the State" - Benito MussoliniComment
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I have said all I want. The long term effect of Reagan was an economic expansion of the 1990s. Reagan did not bankrupt the country either morally or monetarily. You are now speaking in emotional fallacies. Reagan had to push specific reforms that may have led to some downfall, but was good in the long term. It is like putting salt on wounds.. it may burn, but it'll heal.
You are the one with your nose up your own butt. I mean come on.. grow up dude. You aren't right about everything. And stop being a damn revisionist.For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)Comment
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bull, the early 90s saw no such expansion - only after the republicans were gone did it expand again.I have said all I want. The long term effect of Reagan was an economic expansion of the 1990s.
link?Reagan had to push specific reforms that may have led to some downfall, but was good in the long term.
theres nothing to be revised except to smash the personality cult that surrounds reagan and his lemming followers.You are the one with your nose up your own butt. I mean come on.. grow up dude. You aren't right about everything. And stop being a damn revisionist."Everything for the State, nothing against the State, nothing outside the State" - Benito MussoliniComment
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The long term effect of Reagan was an economic expansion of the 1990s
<----- this smiley was made for fezcarlo 
To us, it is the BEAST.Comment
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It is called the economic cycle. After a period of economic expansion, you have a downturn.. it is natural. But you deny facts.Originally posted by Lawrence of Arabia
bull, the early 90s saw no such expansion - only after the republicans were gone did it expand again.
You cannot smash anything. All you do is smashing your own dignity.theres nothing to be revised except to smash the personality cult that surrounds reagan and his lemming followers.For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)Comment
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Well...there goes another promising thread down the drain...“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of ManComment
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yeah, how long does it take these days until an economic thread turns into a Reaganfest?Comment
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Your logic on the other hand, is theoretical.Originally posted by pchang
Your logic is entirely self serving. When the official unemployment number goes down, you rail (and rightly so) on its innacurracy because it doesn't count those who gave up on looking for work. On the other hand, when the REAL unemployment number goes down, you don't want to acknowledge the people who have given up looking for work but now change their minds and instead want to go on the official unemployment number. Frankly, I thought you would be better than this.
Until you have interviewed every single one of these "people", and can get an exact number instead of just speculating on other peoples motives, then we'll talk.
Thanks.
We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham LincolnComment
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I just can't help it but the person in your avatar icon looks like me. I should just get my cheeks up a bit and get a look on my face like that dude. nose, eyes, shape, it's all the same.
I hope that's not you.Comment
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That's teh glorious John Stewart!We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham LincolnComment
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fine, who's John Stewart?Comment
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