And this is the President all the conservatives love, how screwed up is that? Every republican candidate (except for Ron Paul) is the same shit, corporations just tell them what do to. They manipulate democracy to their side, it's ridiculous. End that madness, have a look at the saner European countries and get out of your bubble...
Just invent a new denomination for him. Say the one million dollar bill. That way, everyone get what they want: RR is on the currency; the rich who profited from him get a bank note they can use that carry his portrait, and the bank note is so large that the people who didn't gain from the RR presidency won't ever see it. ;-)
The sad thing is that there's really no point in trying to point out the truth to Americans, because they're so wrapped up in their televisions to believe anything other than the lies the government tells them.
And to add insult to injury, the stupid people refer to the truth seekers as "Communists".
@kevts135 Have you heard of the Contra scandal? If not, you will find why the comparisons. Unless of course, your history comes from Huckabee's whitewash history.
Ronald Reagan was the first to deregulate Corporate America, take money and advice from lobbyists, issue tax cuts for the rich, and place corporatists into positions of power within his cabinet.
Reagan trained, equipped and funded the same group that ended up becoming the Taliban and Osama bin Laden. Reagan supported and propped up several dozen dictators all over the Middle-East, including Saddam Hussein and Hosni Mubarak.
Ronald Reagan is the source of our problems. THAT is the truth.
Never mind whether or not Reagon was a good/bad president, it just feels like having your face on a dollar bill should be reserved for HISTORICAL presidents.
They should at least wait another century before discussing this.
@kevts135 Right, because 92 years is a FAR leap from an even 100. Unless you just count his presidency, which was indeed more than a century ago. (Plus, I'm just rounding, okay?)
Look, the point I'm trying to make is that it just doesn't feel right for a dollar bill to have the face of someone who was president within your own lifetime. (And I'm not even 30 yet!)
@rickCoffee Understood. But time is moving faster and faster and the world is moving on with less discretion. "History" is a perceived notion.
The man is dead. The struggle that he took on during his presidency is dead and gone, and all those who opposed him in his lifetime are dead or almost so. Seems like history to me.
@steve6548867 he was president from 1933-1945. world war two 1941-1945. Now he wasn't the only one who won the war. There was also Churchill, Harry Truman, esc. But he had a large role to play in world war two.
i think obama should be put on the trillion dollar bill because hes spending and inflating the dollar so much that soon a loaf of bread will cost a trillion dollars
@shaochiavang Grant was a great General, but a horrible president. Reagan was a great president, and he didn't just cut taxes, he brought the Soviet Union to its knees, and took the Berlin Wall. Obama is also a better president than Grant. The part about Bush, well; I agree, Grant was better than Bush. This is coming from a Liberal Democrat, I dislike most Republican presidents, but Reagan just great, but FDR was waaaay better.
Comparing FDR to Reagan? HAHA, here's an idea, take away all of FDR's policies from republicans and make them not have to pay taxes for those policies. Then we can all laugh when the FDA doesn't make sure there beef doesn't contain flesh eating bacteria that apparently saves 10 cents a pound as a cheaper preservative. But they'd be fine with that, after all free market capitalism is all about letting amoral corporations do whatever they want without our knowledge or consent, good ol GOP!
I get so sick everytime I hear anyone praise Reagan like he was the greatest president since Lincon. The whole "trickle down theory" was (and still is) 100% bullshit. Giving tax breaks for millionares and billionares has NEVER caused the extra money to trickle down to the rest of us. Tax cuts for the rich also does NOT create new jobs or help the economy in any way.
And then there's the way Reagan demonized the government, helping to make it so corporations can get away with murder.
@6Blasphemer66 I love how instead of presenting facts to refute my claims you go with the good ol' flippant sarcastic retort. And my ad hominem attack wasn't fallacious, and therefore was not a logical fallacy. His claims of being a conservative are preposterous: "I was a conservative child, then I went to boot camp and POOF, I was a flaming liberal overnight."
Ron Reagan is an asshat, he makes it appear as all atheists are communists and then turns America into a Christian version of Communist Russia/China, where you could be killed or persecuted merely for not believing in what the majority believed.
My family does respect Reagan over that whole immigration deal; were it not for him, as far as I can remember, I don't think my Hispanic family would've become citizens here. The rest? I'm torn. I kinda want to view Reagan as a good person, but it looks like, at least as a president, he was just another tool and the root of our problems.
@lukegreen37 Disappointing, for sure, but then again, Lincoln WAS what we would consider a racist as well. Read it up - at the time, he wasn't particularly for or against slavery, but that ended up changing along the way.
Man, even Wilson or JFK don't have currency... Reagan is nothing that special. He was able to pump up military spending to lead to the crash of the USSR and he funded present day terrorists like the Taliban in order to help them fight the USSR. He is nothing special at all!
@LiberalismDis0rder Well he does deserve to be on money more than Reagan... His presidency IS milestone because of the fact that he's black. He's the first black Presdient. We don't know if he'll be a great one yet, but thats huge. When the other men on money were President, black people were slaves.
I'm a Liberal Democrat and I think FDR was better than Reagan, but I do like Reagan and we should put him on the $50 bill and what do you mean Reagan tried to undo FDR's progress? its not true. I usually agree with TYT videos, but this time their wrong.
@dojOdRiFTeR Clinotn was great,but JFK was much better. Also, I'm a Liberal Democrat, but I actually like d Reagan, but Clinton and Kennedy were better.
@dojOdRiFTeR Clinotn was great,but JFK was much better. Also, I'm a Liberal Democrat, but I actually like Reagan, but Clinton and Kennedy were better.
Ya FDR was such an angel... try telling that to the Japanese who suffered in his concentration camps. The Depression didn't end until Truman saved us by undoing stupid legislation like NIRA and AAA.
Yours is an absolutely ridiculous statement without any merit. If you were to actually look, you would see that during FDR’s first year the deep slide slowed thanks to his “100 days” and other programs. Then there was substantial growth during 34, 35, and 36.
However during '37 because he was worried about the deficit, which was in no small part because of the foolish right wing bantering about it, and also because of the loud calling from some Libertarian Gurus, he cut spending in '37.
And you probably don’t know it because you obviously have done absolutely no research on your own, but only spout previously heard talking points, he had good reason to worry about the right after the attempted coup in '33, and so, the economy went into a recession because spending was cut. For as Paul Krugman (a real economist) said:
[The hangover theory (Austrian Crisis theory) can do real harm. Liquidationist views played an important role in the spread of the Great Depression-
-with Austrian theorists such as Friedrich von Hayek and Joseph Schumpeter strenuously arguing, in the very depths of that depression, against any attempt to restore "sham" prosperity by expanding credit and the money supply. And these same views are doing their bit to inhibit recovery in the world's depressed economies at this very moment.]
So FDR's policies were helping, but he had to cut back on them cut because of Right-wing intransigence and their only problem was they didn’t go far enough. The inconsistency in the Right wing position is clear. This can be easily seen because the common line from the rightist is, "FDR didn’t get us out of the depression the war did": It is a silly statement and it doesn’t even stand up to simple logic. Well what was the war but a giant spending program?
You can’t have it both ways, if the spending during the war helped then so did FDR's. And as a matter of fact the type of spending that FDR did before the war was more efficient. There is no worse use for gov't spending than the military. Once a bomb or a tank is made they are expended, they add no further to the economy. This is not the case when roads, bridges, schools or even parks are built.
Cenk, look up at the economic conditions and especially inflation when he took office and compare that to the end of his term. Reagan was able to destroy inflation in about 2-3 years while it took FDR almost 15 years to do anything about deflation. Try giving credit where credit is due. Perhaps you would have preferred that the US had waited until you had 30% inflation like in Britain?
Reagan didn't try to undo SS. Wtf are you on about? FDR had bad legislation like NIRA and AAA as well.
Reagan also did a little something called winning the Cold War and freeing the entirety of Eastern Europe. This guy's argument that we shouldn't put Reagan on our currency because it might make his opponents mad is completely ridiculous. How do you think Native Americans feel when they see Andrew Jackson's portrait on the $20 bill? His mission was to expel them. How do you think Japanese-Americans feel when they see FDR on the dime? He only kept them in bondage for the entirety of WW2.
Seems like Reagan did a pretty good job with the Oil Crisis and the Economic Crisis. And Rundstedt1 the arms sales and shipments didn't start until 1985 not 1980. Also, he lowered taxes while keeping the federal revenue nearly the same. Plus the contras were democratic rebels. As far as the $50 dollar bill goes, Grant was an amazing general, but he was a horrible president. For god sakes, don't listen to Michael Moore, his job is to give misinformation to people who don't research.
Ronald Reagan shouldn't go on the $50 bill because it would cost way too much time and money to come up with a design, let alone spread the news worldwide.
Seeing as the majority of his working life, he was a corporate spokesman and a b-movie actor, i'd say that it'd be better to use his face on coupons, possibly even replace the guy on the Oatmeal box.
Eh,Grant had Potsdam Dome, right? He was huge on scandals, I want to see him off. I'd like to see Teddy Roosevelt on something, or maybe even Wilson. They were way more significant, I think.
We might be reminded that RR was instrumental in destroying the Savings and Loans in this country. He and his buddies Charlie Keating. Allowing the crooks to take depositors billions ( life savings) and blowing it on frivolous real estate investments that failed is not my idea of a President. Reagan should have gone to jail with all of them.
Forget all the bull shit he said about Reagan. Was Grant a good president? He had the most corrupt administration in history. He was a general who utilized him massive numbers to achieve victory. He lost twice as many men as the enemy but he could afford to lose them. He won with force not strategy. Don't yu think it is time to let someon else on the 50. Especially the guy who created 20 million jobs and had the largest peacetime economic growth in history
Robert E Lee himself said that Grant handled his strategic affairs quite well. Your assertion shows that you know little about military history and technology. At this time the attackers always had greater casualties. If Grants methods were used by the incompetent McClellan, than the war could have been ended during the peninsula campaign.
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Adjusted for modernity Grants presidency saw a greater growth than during Reagan's time and we actually built things then.
@Rundstedt1 I never said he didn't do what he had todoto win. Grant did well with his own lack of ability, after all he did win. He was successful, but the success was very bitter. He didn't simply have more, he had double the casualties. And of course the reconstruction era is hard to rival in economic growth. We had over half the nation to rebuild and the opportunity in the South was unimaginable.
Grants lack of ability? Read some history, Grant orchestrated the defeat of the south in the West before he moved east, and moved up from his original rank of coronel to General of the Army and commander of all union forces. Wherever he could he used maneuver over force, such as his crossing he Mississippi to attack Vicksburg's supply lines and come up from the back. Then when it couldn't be forced he took it by siege.
He used naval forces in combined operations, something new, at Donaldson and island No. 10. At every step in the east he moved to outflank Lee, but due to the technology and constrained terrain of the theater he was unable to until he forced Lee into a siege and therefore inevitable defeat at Petersburg.
The RR's were built and the country united from coast to coast. Reagan destroyed manufacturing in this country and the good paying jobs were outsourced overseas. It was under Reagan that the libertarian Greenspan was first given reign to start gutting the financial regulations. Since then we have had one bubble and crisis after another and the road to the present crisis was set.
@Rundstedt1 The carter admin started the 80's recesion and alot was lost btween recovery. Unions made it imposible for manufacturures to strt busines and cut a profit in the near futureso they went ovrseas. A company that wrks overseas is better thn no company atall. At least they'r creating wealth. Dems forced naks to make bad loans and deregulation did let banks gamble with the bad loans tomake their failure worse.
Look, Unions are what provided the middle class lifestyle in this country. If it were not for Unions workers would still be worked 12hrs a day and paid for 8, they would be competing with child labor and working in unsafe conditions like the recent disaster at a non-union mine. If there had been union there, the workers would have had a voice, but as it was, if they complained they were let go.
There was a little thing called the oil embargo when Carter was president caused a recession that was not of Carters making. But I'm not here to defend Carter, he started a lot of the foolish deregulatory junk also, but under Reagan it accelerated to idiotic proportions. Outsourcing is a result of the lax regulations that allow cheap imports, it kills American jobs and forces our workers to try and compete with those making 12 cents an hour.
It is a rush to the bottom of the pay scale for all concerned. Even those in the other countries lose as their local economy and environment is destroyed and later when the even low paying jobs provided move on to even lower paying areas.
The CRA program which is what I think you are referring to, did not force banks to give bad loans. The CRA mortgages have a high success rate. The CRA required that the people have the proper income. The bad loans were sub-prime loans forbidden by the CRA program but given by the banks to jump further into the housing bubble they created. Watch PBS 'Frontline -the Warning' this was a crisis caused by deregulation.
(5/7) Jobs are created when the government increases spending and then people are hired to complete projects. Roads are built and infrastructure maintained, this puts people to work and their spending puts others to work, and the economy can use the infrastructure provided to grow. Giving tax breaks to the wealthy only gives the wealthy more to sock away, more to invest in false wealth that does little.
Very little of the money from tax breaks actually goes toward some sort of manufacturing investment, most of it goes into exotic finical instruments like credit default swaps that are nothing more than a roulette wheel, or to Cayman Island accounts, and even loaned bake to the government for interest.
Money spent by the gov't putting people to work is much more efficient and enjoys what is known as a multiplier effect. Every dollar the gov't spends reaches its destination, money through tax breaks never actually reached the bottom and is siphoned off by the wealthy doing little productive work.
Cenk, you are suppose to be educated, man. Ronald Reagan is the only president that ever raised taxes to such high levels. Funny how the liberals get accused of that.
Do some research, Cenk, normally I respect you and watch you every day.
With that said, why would he deserve his face on a bill?
"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
@Rata4You If you think President Reagan taxed people just watch what is happening now. He also said "The most feared words in the english language are I'm with the government and I am here to help." Right now the government is totally out of control. The government thinks it is running this country. The citizens have let loose of the reins for too long. This is evident as I am reading these comments, what is taught in collages today?
@Rata4You If you think President Reagan taxed people just watch what is happening now. He also said "The most feared words in the english language are I'm with the government and I am here to help." Right now the government is totally out of control. The government thinks it is running this country. The citizens have let loose of the reins for too long. This is evident as I am reading these comments, what is taught in collages today?
Cenk..it is hard to believe that u were that blind to the perversion of the republican party ..u have come a long way to get to where u r today.. glad u saw the light and moved away from the dark side
This comment has received too many negative votesshow
I'm sick of Liberals belittling Reagan. He may have faded a lot in his later years, but every American loved the guy. Go look at the 1984 electoral map, listen to some of Reagan's early speeches, and then tell me the man wasn't for the be president.
I'm not a conservative, but I can recognize when certain leaders come along that the entire country loves. Kennedy and Reagan were both that type of leader. Little Georgie Bush or lobbyist-bought Obama don't come close.
Those who didn't like his illegal wars didn't love him, or the trading of drugs (with CIA support) to support it; and nor did the people who hated his support for military dictatorships, or his treasonous negotiating with the Iranians before he was elected president. Do you really think it was a coincidence that the hostages were released RIGHT after he was elected? That the shipment of weapons to them started right afterward? The ONLY thing he did well was to be an actor for his speeches
Nor do the informed people love him that realize that he instituted the largest tax increase in history on the working and middle class, while giving a windfall tax break to the rich; that his policies started the outsourcing and the loss of manufacturing in this country. That the crisis that we have today has its roots in the Reagan era. Ever since then the gap between the rich and poor has been dramatically growing and the average person is worse off today than they were 30yrs ago.
@Rundstedt1 I came back to comment section because I am vary puzzled at how you and so many other comment posters are so incorrectly educated about President Ronald Reagan. Please read this and think about what I am saying, Ronald Reagan was the greatest leader to hold the office of President since John F. Kenedy. He was inspiring and attempted to do good with his time in office. He did some good also. He did not raise taxes. He stimulated incomes.
Fuck You brainwashed troll. Reagan was WORST president that this country has since James Buchanan.
"But Ronald Reagan does hold a special place in the annals of tax policy, and not just as the patron saint of tax cuts. To his credit, he was more pragmatic and responsible than that; he followed his huge 1981 tax cut with two large tax increases. In fact, no peacetime president has raised taxes so much on so many people."
"For many middle- and low-income families, this tax increase more than undid any gains from Mr. Reagan's income tax cuts. In 1980, according to Congressional Budget Office estimates, middle-income families with children paid 8.2 percent of their income in income taxes, and 9.5 percent in payroll taxes. By 1988 the income tax share was down to 6.6 percent -- but the payroll tax share was up to 11.8 percent, and the combined burden was up, not down."
Reagan increased out deficit. In 1980, the last year of Jimmy Carters presidency, government outlays were running at 21.7% of GDP and the budget deficit was 2.7% of GDP. (The economy was also a basket case, which is when you would expect budget deficits to be at their worse.) In 1988, Reagans last year in office, outlays as a percent of GDP were running at 21.3% with a deficit of 3.1% of GDP. The budget deficit over Reagans eight years averaged 4.2% and ran as high as 6.0% in 1983.
"Despite Peggy Noonans wild delusion that Reagan "said he would cut the budget, and he did," he expanded it significantly. Neither did he reduce the size of government — the number of federal workers rose 61,000 under Reagan, as opposed to Clinton who cut 373,000 jobs. The deficit tripled from the time Reagan took office until the time he left." - Jane Hamsher
Individual earnings inequality as reported by the U. S. Census Bureau was falling or stable from the 1960s through the 1970s, however, beginning in the 1980s, along with the economic reforms of "Voodoo economics" policy, income inequality began to rise and has continued to rise dramatically ever since.
"Reagan's economic legacy endures. Government continues to turn its back on social spending for the poor in favor of ineffectual tax giveaways for the rich, at same time that it finds unlimited monies for military adventures. Lopsided economic growth showers benefits on stock investors while doing precious little for workers or-not an entirely separate group-the poor. -
And today's Depression-level inequality is not mitigated as much as it once was by the tax code"
John Miller - Dollars and Sense magazine, July / August 04
The deregulation, the inequity, the idiotic 'market based' solutions and privatizations that are at the root of today's crisis were all the core principles of the Reagan presidency. He stole from the poor and gave to the wealthy while flaunting the law to fight illegal wars and support dictators. He doesn't deserve a subway token.
Your a socialist. You attack reagan because he didn't doenough for the poor. He did not raise taxes on the poor. The poor don't even paytaxes. 50% of workers don't pay taxes. He lowered them on the rich and let them create jobs and wealth. He doubled the revenue of the government and created the largest peacetime economic growth in history. You say he stole from the poor just because hedidn't give money to them a silver platter.
"For the more one looks into the origins of the current disaster, the clearer it becomes that the key wrong turn — the turn that made crisis inevitable — took place in the early 1980s, during the Reagan years." - Paul Krugman
Paul Krugman, the Nobel laureate, if you were to actually read his work, he backs everything he says with sources and statistics. It is actually the libertarians that refuse to use things like facts and statistics because those can't support them. But you have never actually read a book, any book of any kind. All you have done is to regurgitate the lies and garbage of morons who have been proven wrong time and again like Hannity and Beck.
@Rundstedt1 Actually Paul Krugman selectively cherry picks facts while libertarians Nobel Laureates like Milton Friedman, Hayek and Vernon Smith actually form engage in positive economics by representing all the facts and then subsequently making their opinion known. Krugman on the other hand misrepresents facts constantly. Econ Journal Watch which is peer reviewed and has 7 nobel laureates found him to be the most partisan economist in America so stop regurgitating Moore and Klein propaganda.
Most taxes are NOT income taxes, Reagan lowered the income tax rate which effects the wealthy most, and RAISED; actually DOUBLED, the payroll taxes that the working people pay. Reagan INCRAESED taxes on the working Americans as proven by the many resource articles I quoted, and there are many more available.
@Rundstedt1 When job creators are becoming more scarce you have to give them incentives to create more jobs and businesses. Taxes are necesary but how you do them is all the difference. He lowered job friendly taxes and made up for it in payroll. The rich still payed their fair share. It is not whether they can afford it. It is whether the taxes are fair. I don't think the average man was complaining when 20 million new jobs were created
That is an unqualified and false 20 million figure, first of all it was not that high, as proven by Media Matters and according to the statistical database of the Bureau of Labor Statistics. And it doesn't include the fact that most of those were low paying hamburger flippers. Besides which Reagan's jobs were little more than just the natural growth of the economy.
The 80s put 2.6 percent more of the population to work, but the 70s outdid them at 3.4 percent. The increasing percentage of the population joining the workforce during these two decades can be attributed to two factors: baby-boomers coming of age, and women joining the workforce in record numbers.
@Rundstedt1 Is that private sector job creation or both? Please provide a source. Please include inflation figures, unemployment figures, productive capacity figures etc... Reagan left with 5% unemployment and when he came into office it was 13% and if him and Volcker hadn't done anything it would be 30% like in Britain.
Of course a partisan libertarian think tank is going to say disparaging things about Krugman when its actually them that are partisan. And you fail to recognize that Carter had many international conditions like those that precipitated an oil embargo and the after effects of the Vietnam war. Additionally the Econ Journal is just another libertarian think tank that is related to other libertarian think as it admits that exists with the 'Atlas Economic Research Foundation'
"For over two decades, a Virginia-based organization [Atlas] has been quietly working as the Johnny Appleseed of conservative think tanks. With a modest $4 million dollar budget in 2003 and a staff of eight, Atlas Economic Research Foundation is on a mission to populate the world with new "free market" voices.
In its 2003 review of activities, quaintly titled its "Investor Report," Atlas boasted that it worked with "70 new think-tank entrepreneurs from 37 foreign countries and several states of the U.S.," including Lithuania, Greece, Mongolia, Ghana, the Philippines, Brazil and Argentina.
The mission of Atlas, according to John Blundell (president from 1987 to 1990), "is to litter the world with free-market think-tanks." -Source watch
And Friedman and Hayek? What a joke, they're destroyers of Chile and the fans of fascist dictator Pinochet, and can also be found behind our own economic crisis of deregulation.
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Libertarian economics only work from the a priori method, this is why have such an aversion to reality. If the facts or outcome don't match their theory then they attack the facts and don't consider their own preconceived theory.
POTUS starring Ronald Reagan
davindranauth 3 weeks ago
If I may point out, FDR did not "win" World War II. On top of that, President Truman was the one in office for the end of the war.
BoyScout464 1 month ago
And this is the President all the conservatives love, how screwed up is that? Every republican candidate (except for Ron Paul) is the same shit, corporations just tell them what do to. They manipulate democracy to their side, it's ridiculous. End that madness, have a look at the saner European countries and get out of your bubble...
TradingTutor 1 month ago
Don Regan? Treasury Secretary, Chief of Staff, head of Merril-Lynch? Yeah, he's the guy behind everything Reagan did.
Sahluful 2 months ago
Who tells the President to speed it up? His boss from Merril Lynch, that's who.
Visonu 2 months ago
Just invent a new denomination for him. Say the one million dollar bill. That way, everyone get what they want: RR is on the currency; the rich who profited from him get a bank note they can use that carry his portrait, and the bank note is so large that the people who didn't gain from the RR presidency won't ever see it. ;-)
Viljarism 3 months ago
@CanalOmega... Thank You!!!
rcdelatorre98 4 months ago
@kevts135... You're a dumbass.
rcdelatorre98 4 months ago
@MaroufWarsame K.
kevts135 5 months ago
Grant won the civil war...Reagan toppled the soviet superpower...so...Reagan FTW
kevts135 5 months ago
@kevts135 The Soviet Union fell because of its own weight. Reagan did nothing relevant to make it go down.
CanalOmega 5 months ago
@CanalOmega sure.
kevts135 5 months ago
Let's put Cenk on my toilet paper for disrespect
YoungIvyScholar 5 months ago
The sad thing is that there's really no point in trying to point out the truth to Americans, because they're so wrapped up in their televisions to believe anything other than the lies the government tells them.
And to add insult to injury, the stupid people refer to the truth seekers as "Communists".
Visonu 6 months ago
Why dont people like him? My dad loved Ronald Reagan
JimDoneIt 8 months ago
@JimDoneIt
Is your dad a millionaire ?
shaochiavang 6 months ago
Sure... Let's put Benedict Arnold in the one dollar bill and John Wilkes Booth in the fives... moroooooons!
CanalOmega 8 months ago
@CanalOmega yeah those are about the same. kay guy.
kevts135 5 months ago
@kevts135 Have you heard of the Contra scandal? If not, you will find why the comparisons. Unless of course, your history comes from Huckabee's whitewash history.
CanalOmega 5 months ago
no fuck ronald regan i don't know why or anything just fuck him!
method190 8 months ago
Lol, i already knew Ulysses S. Grant was on the 50th dollar bill, and thats the way it should stay!
sebaschan23 10 months ago
Ronald Reagan was the first to deregulate Corporate America, take money and advice from lobbyists, issue tax cuts for the rich, and place corporatists into positions of power within his cabinet.
Reagan trained, equipped and funded the same group that ended up becoming the Taliban and Osama bin Laden. Reagan supported and propped up several dozen dictators all over the Middle-East, including Saddam Hussein and Hosni Mubarak.
Ronald Reagan is the source of our problems. THAT is the truth.
lukegreen37 10 months ago
reagan was a bolshevik
optionsupdate 10 months ago
Never mind whether or not Reagon was a good/bad president, it just feels like having your face on a dollar bill should be reserved for HISTORICAL presidents.
They should at least wait another century before discussing this.
rickCoffee 10 months ago
@rickCoffee Roosevelt hasn't been dead a century. so...lol. fail.
kevts135 5 months ago
@kevts135 Right, because 92 years is a FAR leap from an even 100. Unless you just count his presidency, which was indeed more than a century ago. (Plus, I'm just rounding, okay?)
Look, the point I'm trying to make is that it just doesn't feel right for a dollar bill to have the face of someone who was president within your own lifetime. (And I'm not even 30 yet!)
rickCoffee 5 months ago
@rickCoffee Understood. But time is moving faster and faster and the world is moving on with less discretion. "History" is a perceived notion.
The man is dead. The struggle that he took on during his presidency is dead and gone, and all those who opposed him in his lifetime are dead or almost so. Seems like history to me.
kevts135 5 months ago
Ronald reagon has cult of personality if you think of it.
httm241 10 months ago
No.
bensa144 10 months ago
Wait, what? Roosevelt won WW2? Ya, ok.... I'm callin Bullshit.
steve6548867 10 months ago
@steve6548867 he was president from 1933-1945. world war two 1941-1945. Now he wasn't the only one who won the war. There was also Churchill, Harry Truman, esc. But he had a large role to play in world war two.
JImmy4336 10 months ago
i think obama should be put on the trillion dollar bill because hes spending and inflating the dollar so much that soon a loaf of bread will cost a trillion dollars
BowToMySkill 10 months ago
f--k FDR
brpoole336 11 months ago
if Reagan was on the 50 dollar bill i would boycott it.
JImmy4336 11 months ago
No.
IVIegadude 11 months ago
Put JF Kennedy on the 50 Dollar Bill not Ronald fucking Reagan...........
777Atheist 1 year ago
i say put ron jeremy on the 69 dollar bill
chewyoda665 1 year ago
@shaochiavang Grant was a great General, but a horrible president. Reagan was a great president, and he didn't just cut taxes, he brought the Soviet Union to its knees, and took the Berlin Wall. Obama is also a better president than Grant. The part about Bush, well; I agree, Grant was better than Bush. This is coming from a Liberal Democrat, I dislike most Republican presidents, but Reagan just great, but FDR was waaaay better.
catclaw357 1 year ago
@catclaw357
he cut taxes for the rich.
shaochiavang 11 months ago
@catclaw357 it just looked like he brought them down, it was all of plan to have the soviets fall and Reagan would be the person who made it happen.
YoungJaeAF1 10 months ago
I'll settle on a compromise: put Ronald Raygun's mug on credit cards with high interest rates or IOUs to China.
That would be closer to the truth.
A86 1 year ago
Cenk's back on TYT show XO xD
Zeldagigafan90210 1 year ago
NOOOOOOOOooooooooo!
lisamaria1972 1 year ago
RR shouldn't go on any bill!
Duobitdezo 1 year ago
20 years later America is still getting fucked in the ass and don't no one even know it...
150133 1 year ago
Comparing FDR to Reagan? HAHA, here's an idea, take away all of FDR's policies from republicans and make them not have to pay taxes for those policies. Then we can all laugh when the FDA doesn't make sure there beef doesn't contain flesh eating bacteria that apparently saves 10 cents a pound as a cheaper preservative. But they'd be fine with that, after all free market capitalism is all about letting amoral corporations do whatever they want without our knowledge or consent, good ol GOP!
madax132 1 year ago
Comment removed
doqed2 1 year ago
Before I even watch the video . . . HELL NO!
deeplynluv 1 year ago 9
Ronald Reagan is right where he belongs, burning in hell, with Hitler BALLS DEEP in his old toothless face.
PZPhart 1 year ago
Reagan should not be on the $50 bill. He should be on the $100 bill. :)
CiaranMcVeigh 1 year ago
I get so sick everytime I hear anyone praise Reagan like he was the greatest president since Lincon. The whole "trickle down theory" was (and still is) 100% bullshit. Giving tax breaks for millionares and billionares has NEVER caused the extra money to trickle down to the rest of us. Tax cuts for the rich also does NOT create new jobs or help the economy in any way.
And then there's the way Reagan demonized the government, helping to make it so corporations can get away with murder.
petercharleskrug 1 year ago
clinton shud be on the $50
dojOdRiFTeR 1 year ago
@dojOdRiFTeR Do you know a single damn thing about Ulysses S Grant? The fuck would you want to replace him with Clinton for?
CFrostyTheSnowman 1 year ago
@therock27374 Cenk Uygur is the king of asshats. "I know; I used to be one of them." Right. He's a liberal douchebag moron.
troyeckhardt 1 year ago
@troyeckhardt I love how instead of presenting facts to refute his claims you go with the good ol' ad-hominem attack, good job.
6Blasphemer66 1 year ago
@6Blasphemer66 I love how instead of presenting facts to refute my claims you go with the good ol' flippant sarcastic retort. And my ad hominem attack wasn't fallacious, and therefore was not a logical fallacy. His claims of being a conservative are preposterous: "I was a conservative child, then I went to boot camp and POOF, I was a flaming liberal overnight."
troyeckhardt 1 year ago
Ron Reagan is an asshat, he makes it appear as all atheists are communists and then turns America into a Christian version of Communist Russia/China, where you could be killed or persecuted merely for not believing in what the majority believed.
therock27374 1 year ago 6
reagan sucks monkey dicks
salbella50 1 year ago 2
@LiberalismDis0rder ....True...
salbella50 1 year ago
......reagen needs to be doing 50 years...
salbella50 1 year ago
Is it still possible that they might put Ronald Reagan on the $50 Bill, or is it certain that we're going to keep Grant?
catclaw357 1 year ago
@catclaw357
Grant accomplished 1000xs more things than reagan, bush and obama every did
shaochiavang 1 year ago
Let's put JFK on the $50 Bill!!!
catclaw357 1 year ago 2
Reagen did a lot of good stuff. A lot more than most presidents.
Maybe not 50 dollar material, but other presidents in the last 50 years deserve it.
Terje1337 1 year ago
he helped in stopping communism
stevenhamlin1000 1 year ago
george bush should be on toliet paper
brainiac554 1 year ago
My family does respect Reagan over that whole immigration deal; were it not for him, as far as I can remember, I don't think my Hispanic family would've become citizens here. The rest? I'm torn. I kinda want to view Reagan as a good person, but it looks like, at least as a president, he was just another tool and the root of our problems.
lukegreen37 1 year ago
@lukegreen37 Disappointing, for sure, but then again, Lincoln WAS what we would consider a racist as well. Read it up - at the time, he wasn't particularly for or against slavery, but that ended up changing along the way.
lukegreen37 1 year ago
Reagan IS the Best
ZIONISTMAN1 1 year ago
Man, even Wilson or JFK don't have currency... Reagan is nothing that special. He was able to pump up military spending to lead to the crash of the USSR and he funded present day terrorists like the Taliban in order to help them fight the USSR. He is nothing special at all!
stads24 1 year ago
@LiberalismDis0rder Well he does deserve to be on money more than Reagan... His presidency IS milestone because of the fact that he's black. He's the first black Presdient. We don't know if he'll be a great one yet, but thats huge. When the other men on money were President, black people were slaves.
Boobalopbop 1 year ago
Won the civil war > Cut taxes, lol
Boobalopbop 1 year ago
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@LiberalismDis0rder No, we wouldn't.
catclaw357 1 year ago
don't forget the USS Ronald Reagan the biggest aircraft carrier in the navy
xadam2dudex 1 year ago
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FUCK ronald reagan! goddddddddddddddddddddddddddddddddd
rlaproductions 1 year ago
The only place that face belongs is on the roll of every american's toilet paper.
nyyankfan05 1 year ago 3
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When doctors performed the autopsy they found that Reagan did not have any balls.
swankrecords 1 year ago
Fuck NO!!
llar87 1 year ago
Let's put Reagan on the Penny, then discontinue them.
yellowkrux 1 year ago 18
@yellowkrux Lol that's all I have to say about that.
MiZZVMN 10 months ago
I'm a Liberal Democrat and I think FDR was better than Reagan, but I do like Reagan and we should put him on the $50 bill and what do you mean Reagan tried to undo FDR's progress? its not true. I usually agree with TYT videos, but this time their wrong.
catclaw357 1 year ago
@catclaw357 regan was terrible for the economy clinton hands down best president not to mention j fk and
dojOdRiFTeR 1 year ago
@dojOdRiFTeR Clinotn was great,but JFK was much better. Also, I'm a Liberal Democrat, but I actually like d Reagan, but Clinton and Kennedy were better.
catclaw357 1 year ago
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@dojOdRiFTeR Clinotn was great,but JFK was much better. Also, I'm a Liberal Democrat, but I actually like Reagan, but Clinton and Kennedy were better.
catclaw357 1 year ago
Ya FDR was such an angel... try telling that to the Japanese who suffered in his concentration camps. The Depression didn't end until Truman saved us by undoing stupid legislation like NIRA and AAA.
bonfirejovi 1 year ago
@bonfirejovi (1/6)
Yours is an absolutely ridiculous statement without any merit. If you were to actually look, you would see that during FDR’s first year the deep slide slowed thanks to his “100 days” and other programs. Then there was substantial growth during 34, 35, and 36.
Rundstedt1 1 year ago
@bonfirejovi (2/6)
However during '37 because he was worried about the deficit, which was in no small part because of the foolish right wing bantering about it, and also because of the loud calling from some Libertarian Gurus, he cut spending in '37.
Rundstedt1 1 year ago
@bonfirejovi (3/6)
And you probably don’t know it because you obviously have done absolutely no research on your own, but only spout previously heard talking points, he had good reason to worry about the right after the attempted coup in '33, and so, the economy went into a recession because spending was cut. For as Paul Krugman (a real economist) said:
Rundstedt1 1 year ago
(4/6)
[The hangover theory (Austrian Crisis theory) can do real harm. Liquidationist views played an important role in the spread of the Great Depression-
-with Austrian theorists such as Friedrich von Hayek and Joseph Schumpeter strenuously arguing, in the very depths of that depression, against any attempt to restore "sham" prosperity by expanding credit and the money supply. And these same views are doing their bit to inhibit recovery in the world's depressed economies at this very moment.]
Rundstedt1 1 year ago
@bonfirejovi (5/6)
So FDR's policies were helping, but he had to cut back on them cut because of Right-wing intransigence and their only problem was they didn’t go far enough. The inconsistency in the Right wing position is clear. This can be easily seen because the common line from the rightist is, "FDR didn’t get us out of the depression the war did": It is a silly statement and it doesn’t even stand up to simple logic. Well what was the war but a giant spending program?
Rundstedt1 1 year ago
@bonfirejovi (6/6)
You can’t have it both ways, if the spending during the war helped then so did FDR's. And as a matter of fact the type of spending that FDR did before the war was more efficient. There is no worse use for gov't spending than the military. Once a bomb or a tank is made they are expended, they add no further to the economy. This is not the case when roads, bridges, schools or even parks are built.
Rundstedt1 1 year ago
Cenk, look up at the economic conditions and especially inflation when he took office and compare that to the end of his term. Reagan was able to destroy inflation in about 2-3 years while it took FDR almost 15 years to do anything about deflation. Try giving credit where credit is due. Perhaps you would have preferred that the US had waited until you had 30% inflation like in Britain?
Reagan didn't try to undo SS. Wtf are you on about? FDR had bad legislation like NIRA and AAA as well.
bonfirejovi 1 year ago
Reagan also did a little something called winning the Cold War and freeing the entirety of Eastern Europe. This guy's argument that we shouldn't put Reagan on our currency because it might make his opponents mad is completely ridiculous. How do you think Native Americans feel when they see Andrew Jackson's portrait on the $20 bill? His mission was to expel them. How do you think Japanese-Americans feel when they see FDR on the dime? He only kept them in bondage for the entirety of WW2.
WorcDirtyD27 1 year ago
put him on the $3 bill! he deserves it.
1stTrillionaire 1 year ago
mike moore...misinformation champion of the borderline mockumentary
Sonofliberty1000 1 year ago
Seems like Reagan did a pretty good job with the Oil Crisis and the Economic Crisis. And Rundstedt1 the arms sales and shipments didn't start until 1985 not 1980. Also, he lowered taxes while keeping the federal revenue nearly the same. Plus the contras were democratic rebels. As far as the $50 dollar bill goes, Grant was an amazing general, but he was a horrible president. For god sakes, don't listen to Michael Moore, his job is to give misinformation to people who don't research.
mouser1000 1 year ago
TYT=morons....people who take this shit serious=reeeeealllly big morons
have a nice day
Sonofliberty1000 1 year ago
@Sonofliberty1000 But you don't use anything to back up your claims. Funny.
Have a nice day.
StirItUP1973 1 year ago
@StirItUP1973 don't have to...watch more than 3 episodes...not the sort of comment u fact check...was an opinion...again...have a nice day, dummie
Sonofliberty1000 1 year ago
Obama and the Democrats won't allow this Reagan was a bigger enemy then Bush Jr......!
METALMAN4Wii 1 year ago
Ronald Reagan shouldn't go on the $50 bill because it would cost way too much time and money to come up with a design, let alone spread the news worldwide.
MONOPOLY35 1 year ago
wait one second cenk harry s truman won ww2 fdr died befor te war was over
wrestlingbrian123 1 year ago
Ronald Reagan's face is well enough where it is...on his headstone.
brokebastard 1 year ago 3
Seeing as the majority of his working life, he was a corporate spokesman and a b-movie actor, i'd say that it'd be better to use his face on coupons, possibly even replace the guy on the Oatmeal box.
He's certainly not worthy of being on currency.
acronus 1 year ago
Eh,Grant had Potsdam Dome, right? He was huge on scandals, I want to see him off. I'd like to see Teddy Roosevelt on something, or maybe even Wilson. They were way more significant, I think.
Razz14554 1 year ago
Oh and let's not forget that Lincoln won the civil war not grant.
nyse0 1 year ago
If you can say fdr won WWII I can say regan won the cold war.
nyse0 1 year ago
If you can say fdr won WWII I can say regain won the cold war.
nyse0 1 year ago
reagan is the best president in the past 150 years
wrestlingbrian123 1 year ago
@wrestlingbrian123 FDR says hi :D
Colinski03 1 year ago
Hmm, that hurts
adronias 1 year ago
Reagan>Grant? Get a pipe of whatever the people who believe the foregoing are smoking so I can have some too.
LordSlag 1 year ago 3
Oh HELL NO!
sevnson71 1 year ago 28
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tvcorner 1 year ago
We might be reminded that RR was instrumental in destroying the Savings and Loans in this country. He and his buddies Charlie Keating. Allowing the crooks to take depositors billions ( life savings) and blowing it on frivolous real estate investments that failed is not my idea of a President. Reagan should have gone to jail with all of them.
johnnyohness 1 year ago 30
Forget all the bull shit he said about Reagan. Was Grant a good president? He had the most corrupt administration in history. He was a general who utilized him massive numbers to achieve victory. He lost twice as many men as the enemy but he could afford to lose them. He won with force not strategy. Don't yu think it is time to let someon else on the 50. Especially the guy who created 20 million jobs and had the largest peacetime economic growth in history
p2breaker 1 year ago
@p2breaker (1/2)
Robert E Lee himself said that Grant handled his strategic affairs quite well. Your assertion shows that you know little about military history and technology. At this time the attackers always had greater casualties. If Grants methods were used by the incompetent McClellan, than the war could have been ended during the peninsula campaign.
-
Adjusted for modernity Grants presidency saw a greater growth than during Reagan's time and we actually built things then.
Rundstedt1 1 year ago 2
@Rundstedt1 I never said he didn't do what he had todoto win. Grant did well with his own lack of ability, after all he did win. He was successful, but the success was very bitter. He didn't simply have more, he had double the casualties. And of course the reconstruction era is hard to rival in economic growth. We had over half the nation to rebuild and the opportunity in the South was unimaginable.
p2breaker 1 year ago
@p2breaker (1/2)
Grants lack of ability? Read some history, Grant orchestrated the defeat of the south in the West before he moved east, and moved up from his original rank of coronel to General of the Army and commander of all union forces. Wherever he could he used maneuver over force, such as his crossing he Mississippi to attack Vicksburg's supply lines and come up from the back. Then when it couldn't be forced he took it by siege.
Rundstedt1 1 year ago 2
(2/2)
He used naval forces in combined operations, something new, at Donaldson and island No. 10. At every step in the east he moved to outflank Lee, but due to the technology and constrained terrain of the theater he was unable to until he forced Lee into a siege and therefore inevitable defeat at Petersburg.
Rundstedt1 1 year ago 2
(2/2)
The RR's were built and the country united from coast to coast. Reagan destroyed manufacturing in this country and the good paying jobs were outsourced overseas. It was under Reagan that the libertarian Greenspan was first given reign to start gutting the financial regulations. Since then we have had one bubble and crisis after another and the road to the present crisis was set.
Rundstedt1 1 year ago 2
@Rundstedt1 The carter admin started the 80's recesion and alot was lost btween recovery. Unions made it imposible for manufacturures to strt busines and cut a profit in the near futureso they went ovrseas. A company that wrks overseas is better thn no company atall. At least they'r creating wealth. Dems forced naks to make bad loans and deregulation did let banks gamble with the bad loans tomake their failure worse.
p2breaker 1 year ago
@Rundstedt1 But if dems had not forced naks to make bad loans in the first place it would not have happened. Regulation would have been needed
p2breaker 1 year ago
@p2breaker (1/7)
Look, Unions are what provided the middle class lifestyle in this country. If it were not for Unions workers would still be worked 12hrs a day and paid for 8, they would be competing with child labor and working in unsafe conditions like the recent disaster at a non-union mine. If there had been union there, the workers would have had a voice, but as it was, if they complained they were let go.
Rundstedt1 1 year ago
(2/7)
There was a little thing called the oil embargo when Carter was president caused a recession that was not of Carters making. But I'm not here to defend Carter, he started a lot of the foolish deregulatory junk also, but under Reagan it accelerated to idiotic proportions. Outsourcing is a result of the lax regulations that allow cheap imports, it kills American jobs and forces our workers to try and compete with those making 12 cents an hour.
Rundstedt1 1 year ago
(3/7)
It is a rush to the bottom of the pay scale for all concerned. Even those in the other countries lose as their local economy and environment is destroyed and later when the even low paying jobs provided move on to even lower paying areas.
Rundstedt1 1 year ago
(4/7)
The CRA program which is what I think you are referring to, did not force banks to give bad loans. The CRA mortgages have a high success rate. The CRA required that the people have the proper income. The bad loans were sub-prime loans forbidden by the CRA program but given by the banks to jump further into the housing bubble they created. Watch PBS 'Frontline -the Warning' this was a crisis caused by deregulation.
Rundstedt1 1 year ago
(5/7) Jobs are created when the government increases spending and then people are hired to complete projects. Roads are built and infrastructure maintained, this puts people to work and their spending puts others to work, and the economy can use the infrastructure provided to grow. Giving tax breaks to the wealthy only gives the wealthy more to sock away, more to invest in false wealth that does little.
Rundstedt1 1 year ago
(6/7)
Very little of the money from tax breaks actually goes toward some sort of manufacturing investment, most of it goes into exotic finical instruments like credit default swaps that are nothing more than a roulette wheel, or to Cayman Island accounts, and even loaned bake to the government for interest.
Rundstedt1 1 year ago 3
(7/7)
Money spent by the gov't putting people to work is much more efficient and enjoys what is known as a multiplier effect. Every dollar the gov't spends reaches its destination, money through tax breaks never actually reached the bottom and is siphoned off by the wealthy doing little productive work.
Rundstedt1 1 year ago
Ragan is so overated.
BrattyMaddy 1 year ago 3
THE YOUNG TURDS! first and last time i see a second of your mountain of crap video. go read a book and flunk a test.
rrrick1000 1 year ago
Cenk said Reagan cut taxes?
Cenk, you are suppose to be educated, man. Ronald Reagan is the only president that ever raised taxes to such high levels. Funny how the liberals get accused of that.
Do some research, Cenk, normally I respect you and watch you every day.
With that said, why would he deserve his face on a bill?
Rata4You 1 year ago
"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."
- Ronald Reagan
Reagan taxed the shit out of the people, Cenk.
Rata4You 1 year ago
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@Rata4You If you think President Reagan taxed people just watch what is happening now. He also said "The most feared words in the english language are I'm with the government and I am here to help." Right now the government is totally out of control. The government thinks it is running this country. The citizens have let loose of the reins for too long. This is evident as I am reading these comments, what is taught in collages today?
farmrdave 1 year ago
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@Rata4You If you think President Reagan taxed people just watch what is happening now. He also said "The most feared words in the english language are I'm with the government and I am here to help." Right now the government is totally out of control. The government thinks it is running this country. The citizens have let loose of the reins for too long. This is evident as I am reading these comments, what is taught in collages today?
farmrdave 1 year ago
Reagan. Hmmm....lets look at his legacy shall we?
He removes the weapons embargo against Saddam paving the way for him to acquire WMD which he then uses against the KURDS. Why?
He sends weapons to Iran (iran-contra scandal) and those weapons are today part of the Iranian army.
Iran, Iraq.........all our enemies. The fallen soldiers, Kurds etc are victims of Ronald Reagans policies.
Now a $50 bill with his face smirking back.
Yeah, for sure I´m on the right planet. Stupid ppl.
Rata4You 1 year ago
Cenk..it is hard to believe that u were that blind to the perversion of the republican party ..u have come a long way to get to where u r today.. glad u saw the light and moved away from the dark side
xadam2dudex 1 year ago
This comment has received too many negative votes show
I'm sick of Liberals belittling Reagan. He may have faded a lot in his later years, but every American loved the guy. Go look at the 1984 electoral map, listen to some of Reagan's early speeches, and then tell me the man wasn't for the be president.
I'm not a conservative, but I can recognize when certain leaders come along that the entire country loves. Kennedy and Reagan were both that type of leader. Little Georgie Bush or lobbyist-bought Obama don't come close.
P0mt3 1 year ago
(1/2)
Those who didn't like his illegal wars didn't love him, or the trading of drugs (with CIA support) to support it; and nor did the people who hated his support for military dictatorships, or his treasonous negotiating with the Iranians before he was elected president. Do you really think it was a coincidence that the hostages were released RIGHT after he was elected? That the shipment of weapons to them started right afterward? The ONLY thing he did well was to be an actor for his speeches
Rundstedt1 1 year ago 20
so true.. he is the most treasonous president right up there with G.W.Bush
xadam2dudex 1 year ago
@Rundstedt1 whom do u think is an example of a good president?...I'm curious.
Sonofliberty1000 1 year ago
(2/2)
Nor do the informed people love him that realize that he instituted the largest tax increase in history on the working and middle class, while giving a windfall tax break to the rich; that his policies started the outsourcing and the loss of manufacturing in this country. That the crisis that we have today has its roots in the Reagan era. Ever since then the gap between the rich and poor has been dramatically growing and the average person is worse off today than they were 30yrs ago.
Rundstedt1 1 year ago 25
@Rundstedt1 I came back to comment section because I am vary puzzled at how you and so many other comment posters are so incorrectly educated about President Ronald Reagan. Please read this and think about what I am saying, Ronald Reagan was the greatest leader to hold the office of President since John F. Kenedy. He was inspiring and attempted to do good with his time in office. He did some good also. He did not raise taxes. He stimulated incomes.
farmrdave 1 year ago
@farmrdave (1/7)
Fuck You brainwashed troll. Reagan was WORST president that this country has since James Buchanan.
"But Ronald Reagan does hold a special place in the annals of tax policy, and not just as the patron saint of tax cuts. To his credit, he was more pragmatic and responsible than that; he followed his huge 1981 tax cut with two large tax increases. In fact, no peacetime president has raised taxes so much on so many people."
Rundstedt1 1 year ago 2
(2/7)
"For many middle- and low-income families, this tax increase more than undid any gains from Mr. Reagan's income tax cuts. In 1980, according to Congressional Budget Office estimates, middle-income families with children paid 8.2 percent of their income in income taxes, and 9.5 percent in payroll taxes. By 1988 the income tax share was down to 6.6 percent -- but the payroll tax share was up to 11.8 percent, and the combined burden was up, not down."
"The Great Taxer" By Paul Krugman
Rundstedt1 1 year ago 2
(3/7)
Reagan increased out deficit. In 1980, the last year of Jimmy Carters presidency, government outlays were running at 21.7% of GDP and the budget deficit was 2.7% of GDP. (The economy was also a basket case, which is when you would expect budget deficits to be at their worse.) In 1988, Reagans last year in office, outlays as a percent of GDP were running at 21.3% with a deficit of 3.1% of GDP. The budget deficit over Reagans eight years averaged 4.2% and ran as high as 6.0% in 1983.
Rundstedt1 1 year ago 2
(4/7)
"Despite Peggy Noonans wild delusion that Reagan "said he would cut the budget, and he did," he expanded it significantly. Neither did he reduce the size of government — the number of federal workers rose 61,000 under Reagan, as opposed to Clinton who cut 373,000 jobs. The deficit tripled from the time Reagan took office until the time he left." - Jane Hamsher
Rundstedt1 1 year ago 2
(5/7)
Individual earnings inequality as reported by the U. S. Census Bureau was falling or stable from the 1960s through the 1970s, however, beginning in the 1980s, along with the economic reforms of "Voodoo economics" policy, income inequality began to rise and has continued to rise dramatically ever since.
Rundstedt1 1 year ago 2
(6/7)
"Reagan's economic legacy endures. Government continues to turn its back on social spending for the poor in favor of ineffectual tax giveaways for the rich, at same time that it finds unlimited monies for military adventures. Lopsided economic growth showers benefits on stock investors while doing precious little for workers or-not an entirely separate group-the poor. -
Rundstedt1 1 year ago 2
(7/7)
And today's Depression-level inequality is not mitigated as much as it once was by the tax code"
John Miller - Dollars and Sense magazine, July / August 04
The deregulation, the inequity, the idiotic 'market based' solutions and privatizations that are at the root of today's crisis were all the core principles of the Reagan presidency. He stole from the poor and gave to the wealthy while flaunting the law to fight illegal wars and support dictators. He doesn't deserve a subway token.
Rundstedt1 1 year ago 2
@Rundstedt1
Your a socialist. You attack reagan because he didn't doenough for the poor. He did not raise taxes on the poor. The poor don't even paytaxes. 50% of workers don't pay taxes. He lowered them on the rich and let them create jobs and wealth. He doubled the revenue of the government and created the largest peacetime economic growth in history. You say he stole from the poor just because hedidn't give money to them a silver platter.
p2breaker 1 year ago
@p2breaker (1/2)
"For the more one looks into the origins of the current disaster, the clearer it becomes that the key wrong turn — the turn that made crisis inevitable — took place in the early 1980s, during the Reagan years." - Paul Krugman
Rundstedt1 1 year ago
@Rundstedt1 Paul krugman is a piece of crap. he is a drive by who makes accusations without proof on all different people and subjects.
p2breaker 1 year ago
@p2breaker
Paul Krugman, the Nobel laureate, if you were to actually read his work, he backs everything he says with sources and statistics. It is actually the libertarians that refuse to use things like facts and statistics because those can't support them. But you have never actually read a book, any book of any kind. All you have done is to regurgitate the lies and garbage of morons who have been proven wrong time and again like Hannity and Beck.
Rundstedt1 1 year ago 3
@Rundstedt1 Actually Paul Krugman selectively cherry picks facts while libertarians Nobel Laureates like Milton Friedman, Hayek and Vernon Smith actually form engage in positive economics by representing all the facts and then subsequently making their opinion known. Krugman on the other hand misrepresents facts constantly. Econ Journal Watch which is peer reviewed and has 7 nobel laureates found him to be the most partisan economist in America so stop regurgitating Moore and Klein propaganda.
bonfirejovi 1 year ago
(2/2)
Most taxes are NOT income taxes, Reagan lowered the income tax rate which effects the wealthy most, and RAISED; actually DOUBLED, the payroll taxes that the working people pay. Reagan INCRAESED taxes on the working Americans as proven by the many resource articles I quoted, and there are many more available.
Rundstedt1 1 year ago
@Rundstedt1 When job creators are becoming more scarce you have to give them incentives to create more jobs and businesses. Taxes are necesary but how you do them is all the difference. He lowered job friendly taxes and made up for it in payroll. The rich still payed their fair share. It is not whether they can afford it. It is whether the taxes are fair. I don't think the average man was complaining when 20 million new jobs were created
p2breaker 1 year ago
@p2breaker (1/3)
That is an unqualified and false 20 million figure, first of all it was not that high, as proven by Media Matters and according to the statistical database of the Bureau of Labor Statistics. And it doesn't include the fact that most of those were low paying hamburger flippers. Besides which Reagan's jobs were little more than just the natural growth of the economy.
Rundstedt1 1 year ago 2
(2/3)
The 80s put 2.6 percent more of the population to work, but the 70s outdid them at 3.4 percent. The increasing percentage of the population joining the workforce during these two decades can be attributed to two factors: baby-boomers coming of age, and women joining the workforce in record numbers.
Rundstedt1 1 year ago 2
(3/3)
It is a myth that Reagan was one of the best Presidents for job creation. In reality, he's among the worst:
Job Growth Per Year Under Most Recent Presidents8
Johnson 3.8%
Carter 3.1
Clinton 2.4
Kennedy 2.3
Nixon 2.3
Reagan 2.1
Bush 0.6
Rundstedt1 1 year ago 2
@Rundstedt1 Is that private sector job creation or both? Please provide a source. Please include inflation figures, unemployment figures, productive capacity figures etc... Reagan left with 5% unemployment and when he came into office it was 13% and if him and Volcker hadn't done anything it would be 30% like in Britain.
bonfirejovi 1 year ago
@bonfirejovi (1/12)
Of course a partisan libertarian think tank is going to say disparaging things about Krugman when its actually them that are partisan. And you fail to recognize that Carter had many international conditions like those that precipitated an oil embargo and the after effects of the Vietnam war. Additionally the Econ Journal is just another libertarian think tank that is related to other libertarian think as it admits that exists with the 'Atlas Economic Research Foundation'
Rundstedt1 1 year ago
@bonfirejovi (2/12)
"For over two decades, a Virginia-based organization [Atlas] has been quietly working as the Johnny Appleseed of conservative think tanks. With a modest $4 million dollar budget in 2003 and a staff of eight, Atlas Economic Research Foundation is on a mission to populate the world with new "free market" voices.
Rundstedt1 1 year ago
@bonfirejovi (3/12)
In its 2003 review of activities, quaintly titled its "Investor Report," Atlas boasted that it worked with "70 new think-tank entrepreneurs from 37 foreign countries and several states of the U.S.," including Lithuania, Greece, Mongolia, Ghana, the Philippines, Brazil and Argentina.
The mission of Atlas, according to John Blundell (president from 1987 to 1990), "is to litter the world with free-market think-tanks." -Source watch
Rundstedt1 1 year ago
@bonfirejovi (4/12)
And Friedman and Hayek? What a joke, they're destroyers of Chile and the fans of fascist dictator Pinochet, and can also be found behind our own economic crisis of deregulation.
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Libertarian economics only work from the a priori method, this is why have such an aversion to reality. If the facts or outcome don't match their theory then they attack the facts and don't consider their own preconceived theory.
Rundstedt1 1 year ago