ZOMFG JOHN STEWART PWN3D TUCKER CARLSON!!!
							
						
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Let the good times roll -- 248,000 new jobs
				
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You had much too high of hopes.Originally posted by pchang
Well...there goes another promising thread down the drain...
Some people hate good news and use it as an occassion to vent their spleen. How dare a lot of people get good new jobs?!
							
						I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891
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so in other words, reagan's policies didnt lead to a boom in the 90s if there was a bust cycle. it was then clintons policies which led to the boom in the late 90s.It is called the economic cycle. After a period of economic expansion, you have a downturn.. it is natural. But you deny facts."Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini
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There is a cycle... policies put in effect from previous boom periods impact future booms. Clintons policies lead to the boom in the late 90s? Keep dreaming. That was private sector driven.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)
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I'm sure the motivation behind this thread was strictly economic also! Had 0% to do with politics!Originally posted by DanS
You had much too high of hopes.
Some people hate good news and use it as an occassion to vent their spleen. How dare a lot of people get good new jobs?!
			
		
 
							
						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 Lincoln
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The boom of the 90's was fueled by easy credit and technology advancement. The easy credit was made possible by Clinton reigning in the budget deficit and thus lowering interest rates. Technology innovation was just a lucky chance.Originally posted by Lawrence of Arabia
so in other words, reagan's policies didnt lead to a boom in the 90s if there was a bust cycle. it was then clintons policies which led to the boom in the late 90s.
Reagan's tax cuts did well for growth in the 80's but his massive deficits resulted in the Bush Sr.'s reccession because he had to raise taxes in order to help recover from Reagan's deficits.Try http://wordforge.net/index.php for discussion and debate.
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Again no oerdin. Reagan's "massive" deficits did not result in the recession when Bush Sr was in office. That was a normal cycle after a hot period of growth. You don't want the economy overheating now do you? That leads to inflation like what China is experiencing. Technological innovation also was starting off in the 80s..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)
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Ok, most economists will disagree with you though.
Reagan ran up the credit card and left Bush Sr with the bill so when he raised taxes the result was a reccession.Try http://wordforge.net/index.php for discussion and debate.
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No they won't. In fact most agree there is a such thing as the economic cycle. A boom and then a bust period. Reagan's policies made the boom period last longer.Originally posted by Oerdin
Ok, most economists will disagree with you though.
			
		
Again no. Reagan's deficit was not the sole cause of the recession. It was because the economy was starting to overheat. And the 1991 recession was nowhere near as bad as the Carter recession.Reagan ran up the credit card and left Bush Sr with the bill so when he raised taxes the result was a reccession.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)
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Carter didn't cause the 1982 recession. Reagan wanted to control inflation so he raised interest rates. That's a valid policy move which did control inflation but it resulted in a very big recession which spread to Canda and most of Latin America.Try http://wordforge.net/index.php for discussion and debate.
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I have my doubts about that. Taxes were raised to balance the budget. That just moved money around instead of creating more of it. The low interest rates were caused by the lack of inflationary pressure and Fed lowering.Originally posted by Oerdin
The easy credit was made possible by Clinton reigning in the budget deficit and thus lowering interest rates.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett Kavanaugh
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