It's sad that the audience sits there expressionless while Bush and Reagan speak intelligently about taxes using facts and figures, but then they smmile and clap when Reagan uses some hokey analogy about cutting your kids allowance. People are fucking stupid.
I love how they used to let them speak for a lot longer. Now what do the candidates get, 30 seconds to answer a bunch of snarky, pointed questions designed to get them fighting for ratings?
Bush was right. Reagan pushed his tax cuts through and then took half of them back through drastic loophole closing, something he'd previously been against. Of course, the Reagan administration didn't want to call them taxes hikes, so they renamed them "Revenue Enhancements".
Why are teabaggers so in love with Ronald Reagan? He's totally unlike them. Ronald Reagan raised taxes 11 times, gave amnesty to illegal aliens, tripled the debt, had Reaganomics & "trickle down" effect that didn't work, never worked & will never work, left office with the BIGGEST national debt & deficit in history & was involved in the Iran Conta scandal. Ronald Reagan may talk like a Republican but he governs like a Democrat. Ronald Reagan is a RINO
No politician to this day has satisfactorily explained to me WHY the US federal budget must increase at a rate of 8% every year from the year before when the inflation rate is about 2-3% every year. I've asked this question through letters to every President since Reagan to Obama and never received any response that made a damn bit of sense.
Look at that master race eugenics scumbag. George H Bush. One of the most evil men in America. How many black people in the United States were murdered by the eugenics programs carried out by George H Bush before he became president. Of course we all know what happened when he became President. The tragedy of Iraq. How many millions of innocent Iraqis have died as a result of what this evil man had started. Just because he doesn't wear a Nazi uniform and wears a business suit . He is still Nazi.
@rohanmarkjay Come on don't tell me you believe that garbage. He wasn't evil, the fact that you hate what his son has been doing doesn't meen they're evil and why don't you tell me how little innocents died in Iraq (hint, not millions) and how if anything it wasn't a tragedy. And what are you talking about eugenics. this is all a bunch of nonsense.
George Bush for President... is the equivalent of electing Joe Biden in 2016... & his son "Beau" 10 years later!
God Help Us All!!! - Ronald Reagan was one of the Best Presidents ever! , Less Government!! + economic Prosperity = The Best America!!! (not europe, if you want to be like europe just say so... don't dance around the question!)
... The Sad thing is Rick Perry looks like him, Mitt Romney sounds like him , But Ron Paul Thinks Like Him the most!!! (Less Government + More Freedom!)
@kyleAkuhn I like Ron Paul, but he is nothing like Reagan. Ron Paul believes in almost no government. Ronald Reagan, would have never advocated legalized drugs or allowing overseas threats to grow while he just stood by.
Too bad todays republicans cant have a debate like this, they would rather talk about abortion and talking points they get from talk radio, fucking sad.
That was proof that it was Reagans time and what a time it was.He pick Bush and they completed twelve years of solidity and if anybody thought it was the worst of times they belonged in a looney home.That was heaven compare to what this hell we are living in now.
All you are looking at is the predetermined president of the United States being allowed to paint himself in a glowing light. Reagan was an actor. He followed the Royal Script well. This bloodline has been in power ever since. This is a show. What we are looking at play out now; SHOW! Democrat/Republican in America are 2 wings of the same Elitist Vulture. The further away from this bloodline you get, the more 'tick-ish' the players are. But they KNOW they are no part of these snake's vision!
How unbelievably respectful, dignified and eloquent these two men were when debating each other. Absolutely two class acts that both history will shine warmly on.
I think Reagan knew about the Laffer curve while Bush did not. Supply-side economics was needed THEN since labor out weighed production and capital. Today, we are at the end of Reaganomics and we need to vote for policies that strengthen the consumer class, which increases demand, which in turn creates jobs. Government cuts, cutting jobs and state worker paychecks is only killing demand. It's not all supply-side; there are laws of supply and demand economics and the scales must be balanced.
You morons are applauding Bush but Reagan was proven right. Revenues doubled under Reagan. The problem is spending tripled. I know most people are brainwashed but Reagan budgets were never passed and he negotiated spending cuts that Democrats dishonored.
@TeslaDRay I'm no Obama fanboy, but it's disgusting that you actullay compare the worst president ever to Obama. Obama isn't even close to Bush jr aka the biggest joke ever.
The GOP has not put forth strong conservatives nominees for a while. To our nation's detriment in terms of economics, Bush, Dole, Bush W, and McCain are ideologically less conservative than Reagan.
If you drive more people to a business, they will hire more people. It's as simple as that. If you give them tax breaks, they take trips to the Bahamas. Think about it...when the middle and lower classes get a tax refund or a check in the mail from George Bush for $600 most people pay their bills or put it in savings they don't use it to "stimulate the economy"
@123ggn and iluvpoliticzz According to a recent article tax cuts for the wealthy do nothing to bolster small business. They don’t affect hiring decisions, or encourage them him to invest in their own growth. All of those decisions -- the nuts and bolts of actually running a small company -- depend on the customers' economic conditions, not on tax rates. Paying employees more or hiring more employees Also since small business is fed by its consumers, not by our tax breaks.
The term "Voodoo Economics" did not come from a democrat or a Liberal Democrat but from George HW Bush. A Establishment Republican who went on to be Ron Reagan's loyal Vice President.
Reagonomics is a failure and did not work. People have simply mythologized his presidency for reasons I cannot understand. I think George Bush Sr. would have been the better choice.
I disagree. ELEMENTS of Reagaonomics did not work. As a general system, it was better than the Keynesian, partially controlled economy the United States had before-hand. But like most new and revolutionary things, there was many experimental theories that were, frankly, wrong. An improvement, but I think the key is that people arguing for lower taxes now aren't even using the same theories. It's been so diluted down to just stupidity
Reagan cost H.W. a second term. Voodoo economics will never work, hence the recession in the early 90's. Lost in history is the economic UP turn during H.W.'s final year in office, the beginning of the great financial times that Clinton enjoyed.
Lets not forget Reagan and Bush MADE our newest superpower, China. Look at China's imports into the US under Carter, then after Reagan, then after Bush Sr. then after Bush Jr. Democrats had it right. GOP SOLD OUT THE AMERICAN WORKER. And with a national attack on unions, they are trying to sell out the organized American worker.
@GeorgeVreelandHill George Bush Sr probably prevented a depression. He was ethical also as he went against his own party and raised taxes for the good of the country. Listen to the video and you'll see why he did that. I was sucked in by Regan's sweet words. I voted for him and may God have mercy on my soul for that. He killed this country. That is my opinion as I saw it happening like a slow train wreck ending in 2008.
@GeorgeVreelandHill Not quite. Bush tried to clean up some of the mess Reagan made of the budget deficit and the Savings & Loans; Bush was a more responsible statesman. He was also certainly more intelligent than Reagan. Granted, he was definitely not even half the political communicator or charismatic personality Reagan was, but I don't think those are the proper criteria for judging who was "great"
Ronald Reagan and people like him did more to put the United States on the road to being a plutocracy and second-rate power than anything else. Keep that in mind the next time you hear about an American getting to the international space station, because he'll be there courtesy of hitching a ride with the Russians.
As far as tax cuts go, the only thing that ever "trickled down" was urine on the heads of the working class.
@GeorgeVreelandHill Reagan sure has a great reputation as promulgated by the RadicalRightWingNuts but those of us who lived through his years and remember it, recall a very different story.
@yakchirscarlson This isn't supposed to be a VP vs. President debate, this is in the Republican primaries when both Bush and Reagan were running for the presidency.
Yo' doesn't knows ennythin' about Jesus, yo' haf no idea who he is, an' eff'n yo' c'd read yer Bible an' let somebody else fuckin' lead yo' down th' route by yer nose, then yo'd haf an idea of whut's gwine on, as enny fool kin plainly see. But yer an igno'ant boob. Well bust mah britches an' call me streaker. Okay?
I think the more people want goods and services the more business and businesses that would create. As well as creating more jobs, more benefits, more wealth, more productivity.
@ iluvpolitics... I have to disagree. By that argument we should keep giving big business what it wants like giving a child candy after candy. In my opinion if you give people a liveable wage they're apt to want and buy more goods and services creating a higher need for supply and demand. That's good for EVERYone, decreases the need for credit, and keeps people from accumulating bad debt, going into foreclosure et al
when reagan cut taxes from 70% to 29% the amount of revenue in government DOUBLED!!!! why have high taxes???? according to obama he says we have to "be fair". According to Al Gore, he says "so the people don't spedn it on things they don't need? wooooow!! they just called us stupid! these comments are so idiotic it still drives me crazy why people believe in high taxes!!
@PatchesRips Get your facts straight. The Congress controls spending, the House specifically, not the President. Democrats controlled the House during Reagan's Presidency.
@gdbalck Get YOUR facts straight. For generations, programs that drive spending have issued from the executive branch to be turned into legislation and supply bills by Congress. Do you remember the Gipper standing up there talking about blowing money out America's ass on things like SDI, the Freedom space station, and spending the Soviet Union into the grave? Well, I do. Reagan blew your great-grandchildren's savings, and the worst you can say about Congress is they didn't stop him.
@PatchesRips Selective memory much? Let's forget all the legislation he proposed to Congress to cut spending and reduce the size and growth of government. He believed the USSR to be our mortal enemy. He also believed that government was, and is, too big. A Democrat Congress will NEVER turn down spending. To believe what you want to portray of the man is to forgo decades of evidence to the contrary in his philosophy and approach. I'll repeat, get your facts straight.
@gdbalck "Let's forget all the legislation he proposed to Congress to cut spending and reduce the size and growth of government."
Yeah, the good old "fire everybody" conservative answer to everything. Then a couple of years go by where nobody can get anything done, bad food gets shipped, accidents start killing people, and it's up to the liberals to rehire everyone to get jobs done. So you save some millions THERE, while blowing billions or trillions on stealth tennis shoes and invisible M-16s.
@PatchesRips LOL Good ol' liberal platitudes. I guess we need to take $4 trillion plus from people in order to ensure that food doesn't go bad or there are no accidents. Give me a break, do you realize what you are saying? If bad food gets put on the market, the producer won't last long, but why would I expect you to understand free markets. I find it hilarious that you accuse Reagan of being a big spender, I find it sad that you believe your nonsense. Good day and don't cancel my vote...
@gdbalck "I guess we need to take $4 trillion plus from people in order to ensure that food doesn't go bad or there are no accidents."
No, actually, my point is just the opposite. People like Reagan appeal to an unfortunately, but all too real mean strike in the American public. They suggest someone's getting something they shouldn't, and pinch pennies by killing off services, all the while blowing billions on military hardware that will never be used.
@gdbalck (cont'd) They find incredible ways to hide the spending, and since it's the executive branch that does the spending, a lot of it gets tagged as "national security" and vanishes from accountability to Congress. Were you aware, for instance, that the exact cost of the Manhattan Project is STILL not available to Congress, or the public who paid for it?
"If bad food gets put on the market, the producer won't last long"
What's to stop them? Without inspection, how do you prove it?
very true, but how do get rid of of a bad foundation without destroying the structure. It also depends on who built the structure, many people see communism and socialism as a freedom to all people. Its an economic prison that has killed more people than any form of government that has ever existed and thats a fact.
@robertman0011 wow! you think that the bush reagan years were a disaster for the economy???? please email me back with evidence to support your claim. thank you
very good back and forth...an i've heard people say the only time you'd see Reagan get angry was on the issues of taxes.
he shows a little of this here...but the line about cuting the allowance shows him appear more presidential. i liked the debate though...ideas. a battle of ideas. the right guy won.
you can say whatever you like...he cut more than he raised and revenue increased...jobs increased. the GDP grew 43%. the inflation rates dropped from 14% to 5%. the soviet union couldn't keep up with our military build up. you can't knock reagan about these things.
Is it possible that the people who say "why should I get a job" are saying it because the jobs that are available to them pay less than welfare or unemployment? My question is genuine not snide or sarcastic. If those jobs do pay less than maybe the solution is raising the minimum wage and/or lowering education costs so that more people can get access to a higher education which might lead to higher paying jobs, better standards of living, less people on welfare, and overall prosperity.
@jopiano sorry but increasing the minimum wage is horrible for businesses. sound great don't ger me wrong! but when a business has to pay more to its employees, that makes it harder for that business to operate and inorder to make up for the lost money due to a higher minimum wage they fire people.....giving us a higher unemployment rate and more eople on welfare and unemployment.
If you were to increase minimum wage, well obviously it costs more money to hire people. So, let's say a store increases wages, they would need to increase prices as well. There go there would be little to no increase of the general standard of living. And as prices go up, welfare must as well. So, it's not that simple.
Is it possible that the people who say "why should I get a job" are saying it because the jobs that are available to them pay less than welfare or unemployment? My question is genuine not snide or sarcastic. If those jobs do pay less than maybe the solution is raising the minimum wage and/or lowering education costs so that more people can get access to a higher education which might lead to higher paying jobs, better standards of living, less people on welfare, and overall prosperity.
Low taxes are in the American blood. We acknowledge that we need roads repaired and firefighters/cops paid for. However, Americans do not feel that Americans that choose not to work should feel entitled to living off the government through taxes imposed on the populace. Yes there are people who need welfare as a stepping stone, but there are also those that refuse to get off welfare because they view it as a way of life. I know people who think "why should i get a job?"
This is a revisionist view of recent history that ignores reality and denies the fact that President Reagan's sound policies and determination deserve much of the credit for the current economic picture. Congress should embrace President Bush's tax reform plan as a responsible return to the most successful economic policy of the 20th century.
After President George W. Bush sent Congress an outline of his tax reform plan on February 8, some critics immediately began to attack it as a return to what they portray as the fiscally irresponsible policies of the Reagan Administration. According to these commentators, Congress should scale back--if not outright reject--President Bush's tax reform proposals because they are based on a period when the wealthy received excessive tax cuts and revenue was wasted on defense even though
Reagan was correct in this debate about the Kennedy tax cuts creating a higher revenue in taxes received. Bush kept saying that it created a deficit but his historical accuracy is false.
It is amazing to see how civilized debates were 30 years ago. I am shocked to not hear accusations of inappropriateness, or of conflict of interest, or of twisting the facts.
Wow I never really saw it before but daddy bush and junior bush really do look alike. I was so used to remembering Bush Sr. as older then this clip but man the resemblance is uncanny.
@ToxicOdiousOne NOBAMA CAMPAIGNED LIKE REAGAN, BUT HE GOVERNS LIKE CARTER! Voters need to ask in three weeks, "ARE YOU BETTER OFF THAN YOU WERE TWO YEARS AGO! NOBAMA has 831 DAYS TO GO!
Not only am I better off now, than two years ago, I am better off than I was the entire 8 years of Bush, Clinton established - pay as you go. Fiscal responsibility. Bush tossed it out the window, Now President Obama is expected to fix it in a year. You forget where this debt came from. @ unfunded wars, medicare part d, no child left behind, the tax cuts, the rebates, the exportation of 8 million manufacturing jobs, the no bid contracts, and no oversight cost us trillions.
@realoldguy1969 THERE YOU GO AGAIN! The fact remains in the late 90's Clinton, Reid, and Frank made it possible for people to qualify for homes who should not have qualified. Even Barney Frank admits today that was a mistake. With all these foreclosures, responsible people paid the price for irresponsible ones. The fact is the overwhelming majority of us ARE NOT BETTER OFF THAN TWO YEARS AGO! CONGRESS IS CHANGING HANDS, AND NOBAMA HAS 815 DAYS TO GO!
@vccstudents The banks gave the loans. The bankers are the experts at giving loans, that is why they are bankers. Home buyers go to the loan experts (bankers) to see if they qualify for a loan. They have Primary Mortgage Insurance which reduces the risk for the banks which the homeowner qualifies. It was Bush who signed the TARP bank bailout bill before leaving office. No interest loans, and balloon ARM loans were a large part of the problem created during the Bush years.
Respond to this video... There is no argument that during the Clinton years the republican congress wrote and passed this bill for Clinton to sign. Do you think the banking and insurance industry should have been allowed to collapse because they were irresponsible? Do you think a free market is self regulating, or more corrupt? Do you feel there should be proportion of punishment for people and corporations, or that one should have less liability than the other? Send me your logic.
@realoldguy1969 And when the housing situation blew up in our faces, Clinton was long gone! W took the blame! I'll bet Gore and Kerry are sitting back now and saying, "Thank God I lost!"
@vccstudents So you are saying the deregulation of the financial and insurance industry signed by Clinton, to promote a free market, led to the collapse and ultimately a socialist bailout signed by a republican president?
@realoldguy1969 There you go again! Even Barney Frank admitted what I said earlier! NOBAMA has 814 DAYS TO GO! Watch the House "CHANGE," my friend! At least you and I can agree without making NIXONIAN hatred remarks about "the back of buses" and "punish our enemies!"
Reagan was very good at boiling things down for the average American. Bush's proposal is clear. Then notice that Reagan's response is totally confusing. But by the end of his series of responses, Reagan has the audience on his side, i.e., telling Bush to cut the allowance for Bush's son, "W". What Reagan doesn't say, however, is that when there is a shortage of revenue, the government simply prints & mints and borrows---which is exactly what Reagan did...AND what "W" did 20 years later. OKJGp
Who gives a shit what your boys are saying on talk radio or cable networks, the record is the record. And you guys are just pissing all over it, trying to distort it.
You don't like regulation fine, but don't try to make up some story that the 80s were greatest thing since sliced bread in terms of prosperity in order to try and make history fit your views.
This is why world is in the damn shape it's in, because of partisan bullshit like this!
@sharktrinity Coming from a 23 year old who probably lives at home you don't have much room to talk. Then the numbers speak for themselves and I lived through the 80s and the 70s.... go do a comparison.
Thanks. I'm not sure you made any point all, or brought anything of substance/factoid to the discussion. I forgive you though b/c you likely in your 70s/80s during the 1970s/1980s which you referenced living through, as evidence by the quality response to this video you chose to give. But thanks though.
What is with you guys saying things that you know is not true by readily available 101 historical record. Why would you try to dilute history when we all have a stake in making sound policy in the future?
1) The 80s was the worst economy since the depression, surpassed on by the 2007-2009 Recession, and was the largest increase in the nat'l debt only topped by the 2000-2008 administration.
2) Yes unemployment dropped by almost half, productivity increased to 1929 levels 32'-37'
495 – After the stock market crash of 1920, President Hoover tried to assure reassure Americans that the nation’s economy was on sound footing. Most officials of the Hoover administration was to let the economy fix itself.
511 – Despite critics of FDR’s New Deal programs, in the first two years of his administration the economy had improved and unemployment stopped it’s spiral free fall.
This is no different than what happens with our own personal treasuries. The Federal Budget is no more than a macrocosm of our own personal budgets, and government is a macrocosm of private citizens just coalescended into collective representation/rule/enforcement.
Skip out on your credit card payment for 4 years while still making charges. See if giving yourself "a cut" or "break" from making payments on your treasury debt actually becomes an expense.
and Russia come in 2nd and 3rd holding only 1million). That's real pork!. Or using OUR money to pay for wars on outright falsified grounds to benefit their buddies when the spoils are divy'd up.
Funny part is most of these NEO-Cons, who are about non-govt intervention in the private sector at all cost, even if they can remedy Justice System and Health Care costs per capita, are actually Classical Liberalism tenets... And the NEO-Cons have the nuts to use words like "Libtards"....
Getting pretty sick of people claiming to be Conservatives who really are not, and don't even know it's tenets. Ronald was far from Conservative... reving up the debt, anti-libertarian with moral laws, expanding the Drug War which is destined to fail due to the profit paradox and hyrdra effect, and making prison sentences longer and overkill laws in general which literally doubled the prison population during his tenure at $33,000 of OUR money to house prisoners (We have 2million in jail, China
best intentions still tell me that's true, but the facts and evidence tell me it is not."
-American Biography following sentences-
- As the testimony of others and Reagan's own diaries reveal, this statement was no more accurate than any of the other earlier explanations that Reagan had offered. Almost all of the activities in question had been taken not only with Reagan's full knowledge, but at his instigation. -
I'd also like to add the Iran contra scandal did happen, is on the official record, and that 11 Regan aides were convicted during the indictments, minus Defense Secretary Weinberg who was pardoned by Bush version 1.0. Just for those of you on here who are denying his stink of dealing with terrorists.
Here's another excerpt from Ronnie biography by Library of American Biographies.
(Reagan) "A few months ago I told the American people that I did not trade arms for hostages. My heart and my
He won the Cold war, created 20million jobs and the largest economic boom in a century.......Also how is he a war criminal? USSR started the War, and we didn't use any ground troups to fight. Reagan simply got them to go bankrupt by upgrading our military. It's Carter that tried to bring down the U.S....energy taxes, income taxes, boy that's a recession that will keep Carter in shame for years to come.
Oh and Obama is doing a good job of screing us also.
If we're all going to have a discussion worth having here, we need to get the true numbers correct and not talk from our asses.
Unemployment was 11% which was the worst since the G-Depression and has only been topped by your modern mess that Bush dug us into. (Yes the recession also known as 2 consecutive quarters of GDP shrinkage began in 2007).
Economic Boom - The GDP shrank by 9% under Reagan (-10% is the most agreed on point
This is like John Mccain vs George Bush Jr. in 2000. Except John Mccain was more like the first George Bush and Bush Jr. is more like Reagan. Although Reagan ended up being a great president, and Bush didn't do so well....
@Mage13246 The Left is unrelenting. Bush Jr. was really a mediocre president. I really miss him now. The biggest complaint were the deficits, which were about 1/3 the size of Obamas. In hindsight, he really wasnt that bad... Reagan, on the other hand, was the best president since Abraham Lincoln...
Actually the deficit is not triple Bushies. Bushies set the record at 1.3 trillion, Obama raised that bar to 1.4 trillion with the financial rescue plan.
Just pray to God the shit actually ends when the economy starts to recover. We're sitting at 13 Trillion in debt. The Dollar is weak as shit!
Foreign creditors are not going to continue buying our Treasury debt in bonds forever.
I've not seen the updated figures to date, but I believe we were at pace to pay $44,000 each to pay off the
@sharktrinity The last budget that bush signed was 400 billion deficit. The first that Obama signed was 1.3 trillion. Bush was partly responsible for the last one, but Obama was too. In reality, Obama makes bush look fiscally responsible. The Obama deficits and the Obama recession are being caused by hi mess.
Got a credible link to support that claim of 400 billion deficit only?
a) At least the deficits we're seeing now are put of re-investment into our own market directly crediting job creation vs. cutting the wealthy's taxes hoping jobs are created indirectly, which has not happened in the past, and is compounded by the fact that the NEO-cons who've had the White House over the last 30yrs promote jobs leaving the country so job creation has actually in Mexico.
which makes Bush and his predecessors anything but fiscally responsible. And your current spending, wise or unwise, is the result of attempting to clean up the big dump he took on the US.
b) The recession is objectively measured by GDP, started in 2007 and has just been announced it ended in 2009. Hardly "Obama's Recession". Markets are up, ad have been up for quite sometime.
@sharktrinity You say reinvestment in the economy, but that relly means government spending. This never works to help the economy. If it did, the 1930s and 1970s would have been prosperous in America, and Japan in the 1990s would have been booming to. These Tax Cuts for the wealthy worked for Kennedy, Reagan, and Coolidge. The fact is that government spending is just wasteful, tax cuts are not...
I'm saying at least the money we're going into the red for is going into either your and your neighbors pocket if they create a job for someone else. And yes the 30s did benefit from govt intervention spending domestically.
And tax cuts sure as hell are wasteful if a) you're going over budget by doing it b) if you're already over budget being that we pay interest on the debt. Not to mention as I've said before, you weaken the dollar by borrowing, so its a double kick in the A
@sharktrinity The money that Obama is spending is government projects. They have never helped the economy. If they had worked in the 30s, we wouldn't have had 14 years of depression. Oddly enough, when taxes and spending were cut, unions lost power, and wage and price controls were eliminated the economy recovered quickly. Government intervention has NEVER helped an economy...
Wow, zero of anything you just stated was true. Provide some citations because you’re just talking out your rear end trying to pass it off as fact. I will give mine and cite the following: Americans: the 20th century (McDougal-Little). For the record this is a 101 level textbook that is one of the most published in the country; this is not some “Liberal” piece written by an angered professor. It was written by six P.H. D’s and is mass produced out of both Dallas and Boston.
530 – Supporters of the New Deal believe that it was successful. Many historians and journalists make this judgment by using the economic criterion of creating jobs. Whatever the shortcoming of WPA, are insignificant beside the gigantic fact that it had given jobs and sustenance to a minimum number 1,400,000 and a maximum number of 3,300,000 person for five years, and prevented a complete collapse of the banking. industry through government sponsored lending to those investigate
Only bracketed info after page number cites are my own insertions. And before you go there with one of your catch phrase explanations or “Yeah But” I’d like to address the Federal Deficit through the 30s. The deficit stayed below $5 billion every year through 1941, and rose $54 billion in 1943, so don’t try and say “oh but he drove us into deficit” which was unsubstantial compared to the proverbial war solution that got us completely out, or Ronnie’s peacetime tripling.
486- Although historians and economists differ on the main causes of the Great Depression, most cite a common set of factors. 1) An old decaying industrial base- outmoded infrastructure made some industries less competitive. 2) A crisis in the farm sector. 3) The availability of easy credit [sound familiar deregulators?]. 4) an unequal distribution of income – there was too little money in the hands of working people, who were the vast majority of consumers.
512 – The President assailed his critics, he asks crowds of people, “Are you better off than you were four years ago?” The crowds roared back “Yes,” in virtually every situation and location across the country.
529 – In 1937 FDR hinted at plans to launch a Third New Deal. By 1937, industrial production had improved to 1929 levels and unemployment fell to 14 percent, falling from a devastating high of 25% [this is often never included into arguments by those who praise war]
d as sound, and those that were insolvent would remain closed [Roosevelt closed the banks the day after he entered office on 3/5 and selectively reopened, and approved them for lending after investigation, on 3/12]. 532 – One of the most important legacies of the New Deal has been the stabilization that it’s measures have helped provide in recent economic downturns, known as recessions, including the creation of the FDIC and SEC. Despite its early fierce early fierce critics
Senator Taft’s opposition on conservative grounds that the economy would suffer further and plunge even deeper into downturn with too much government control in the free market, many of the New Deal measures still exist today and are universally accepted as beneficial programs by most on all ends of political spectrums. Kinda reminds of the witch hunt of 2010 health care “kill the billers.” World Health Organization's 2005 report showed the US as paying the most in
most in the world per capita at $5,274 and ranked 37th in health care quality based on our infant morality + longevity combined scale numers. UK (where patients almost always can see the doctor that day or the next) for example spends $2,160 per capita and 18th in care quality. The numbers don’t like. A public option has been a savings everywhere in the world it has been implemented, and they have better health care quality than we do.
Pull on whatever figure you want, unemployment seems to be the soundbite of the fall, but stop calling it a recession because its over, was the longest since WWII, and is defined by a specific GDP criteria.
For the record, I don't see unemployment stabilizing for a long while. Even if markets soar, producers are uneasy and will pussy foot back into expansion. Historical examination of all modern recessions shows this happening cyclically.
... "How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse." ...
1982 TEFRA - He started –‘new tax increases on dividends, interest, excise taxes on cigarettes were doubled, excise taxes on telephone service tripled, etc’- … created nine of the subsequent eleven tax bills through 1993 –‘increasing taxes’- G.H.W. Bush -'no new taxes-' LOL
It's sad that the audience sits there expressionless while Bush and Reagan speak intelligently about taxes using facts and figures, but then they smmile and clap when Reagan uses some hokey analogy about cutting your kids allowance. People are fucking stupid.
jumpoutatree 3 weeks ago
Jimmy Carter never raised taxes.
jumpoutatree 3 weeks ago
I love how they used to let them speak for a lot longer. Now what do the candidates get, 30 seconds to answer a bunch of snarky, pointed questions designed to get them fighting for ratings?
jumpoutatree 3 weeks ago
Check this:
Rep. Nixon's presidency saw America fuck up big time economically. Bush went through the same thing.
Dem. Carter's presidency added higher taxes. Obama with his "spread the wealth" crap which is the same thing as Carter's plan.
Rep. Reagan cuts government spending, and speaks with character. Paul has the same idea and wants to cut foreign aid.
Romney & Bush 41 both smile under their breath when outsmarted.
History really does repeat itself doesn't it?
ThaMuzikFiend 3 weeks ago
Look at how they look each other in the eyes.
No one in the 2012 debate can even bother to look each other in the eyes.
TheJoeyzxc 1 month ago
Listening to this, Bush was pretty correct. In the end though, Reagan was the better president.
DrPepperAndSteak 1 month ago
If a person were to take advantage of the situation during the Regan years it would have benefit you.
bluestrapsify 1 month ago
Bush was right. Reagan pushed his tax cuts through and then took half of them back through drastic loophole closing, something he'd previously been against. Of course, the Reagan administration didn't want to call them taxes hikes, so they renamed them "Revenue Enhancements".
UCKABAH 1 month ago 2
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Reagan disgusts me. He should have been impeached for Iran-Contra and was a traitor to this country.
Lordkillja 1 month ago
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Why are teabaggers so in love with Ronald Reagan? He's totally unlike them. Ronald Reagan raised taxes 11 times, gave amnesty to illegal aliens, tripled the debt, had Reaganomics & "trickle down" effect that didn't work, never worked & will never work, left office with the BIGGEST national debt & deficit in history & was involved in the Iran Conta scandal. Ronald Reagan may talk like a Republican but he governs like a Democrat. Ronald Reagan is a RINO
MsLlcools 1 month ago
Listen to logic: 6:33
Lol and Bush, like an idiot, says but if you do what I say...bla blah blah!
abeismain 1 month ago
No politician to this day has satisfactorily explained to me WHY the US federal budget must increase at a rate of 8% every year from the year before when the inflation rate is about 2-3% every year. I've asked this question through letters to every President since Reagan to Obama and never received any response that made a damn bit of sense.
WilliamDRowlett 2 months ago
Look at that master race eugenics scumbag. George H Bush. One of the most evil men in America. How many black people in the United States were murdered by the eugenics programs carried out by George H Bush before he became president. Of course we all know what happened when he became President. The tragedy of Iraq. How many millions of innocent Iraqis have died as a result of what this evil man had started. Just because he doesn't wear a Nazi uniform and wears a business suit . He is still Nazi.
rohanmarkjay 2 months ago
@rohanmarkjay Come on don't tell me you believe that garbage. He wasn't evil, the fact that you hate what his son has been doing doesn't meen they're evil and why don't you tell me how little innocents died in Iraq (hint, not millions) and how if anything it wasn't a tragedy. And what are you talking about eugenics. this is all a bunch of nonsense.
batstoogeproductions 2 months ago
George Bush for President... is the equivalent of electing Joe Biden in 2016... & his son "Beau" 10 years later!
God Help Us All!!! - Ronald Reagan was one of the Best Presidents ever! , Less Government!! + economic Prosperity = The Best America!!! (not europe, if you want to be like europe just say so... don't dance around the question!)
... The Sad thing is Rick Perry looks like him, Mitt Romney sounds like him , But Ron Paul Thinks Like Him the most!!! (Less Government + More Freedom!)
kyleAkuhn 3 months ago 6
expanding the war on drugs and locking up pot smokers and crack smokers with mandatory minimum sentencing for simple possession is LESS GOVERNMENT???
KripDrip 1 month ago
@kyleAkuhn I like Ron Paul, but he is nothing like Reagan. Ron Paul believes in almost no government. Ronald Reagan, would have never advocated legalized drugs or allowing overseas threats to grow while he just stood by.
dosgoat 1 day ago
lol...
TheWisemonkey8 3 months ago
9-9-9!! It's easy! Straight simple talk.
tolmanbj5 3 months ago
And now we got to contend with Rick "the HEIGHTH of hypocrisy" Perry
Jerrriy 4 months ago
Too bad todays republicans cant have a debate like this, they would rather talk about abortion and talking points they get from talk radio, fucking sad.
Faelsun 4 months ago
Great debate of ideas and facts. No mud slinging. Two great minds going head to head. Love it.
icspi1970 4 months ago
That was proof that it was Reagans time and what a time it was.He pick Bush and they completed twelve years of solidity and if anybody thought it was the worst of times they belonged in a looney home.That was heaven compare to what this hell we are living in now.
brsfan66 4 months ago
Bush Sr. = Romney
Reagan = Cain
gdbalck 4 months ago
Wow, just look at how impressive these two men were. Compare this to Perry vs. Romney. Not even close!
nicholsonrules 4 months ago
The fact is that Regan turned this country around. Anyone who says any different is a blind ass liberal, well aren't they all? Jimmy Carter rules!
pkripper4cev1 4 months ago
Ah... A debate on who could fuck up the economy more. Reagan wins!
PhenomZ 4 months ago
Either George H.W. Bush or Ronaldus Maximus Reagan would both be better than the sourpuss excuse factory president we have now.
bw01a 4 months ago
All you are looking at is the predetermined president of the United States being allowed to paint himself in a glowing light. Reagan was an actor. He followed the Royal Script well. This bloodline has been in power ever since. This is a show. What we are looking at play out now; SHOW! Democrat/Republican in America are 2 wings of the same Elitist Vulture. The further away from this bloodline you get, the more 'tick-ish' the players are. But they KNOW they are no part of these snake's vision!
theguitarczar 5 months ago
How unbelievably respectful, dignified and eloquent these two men were when debating each other. Absolutely two class acts that both history will shine warmly on.
dras50376272 5 months ago
I think Reagan knew about the Laffer curve while Bush did not. Supply-side economics was needed THEN since labor out weighed production and capital. Today, we are at the end of Reaganomics and we need to vote for policies that strengthen the consumer class, which increases demand, which in turn creates jobs. Government cuts, cutting jobs and state worker paychecks is only killing demand. It's not all supply-side; there are laws of supply and demand economics and the scales must be balanced.
Rattapax 5 months ago
600 billion dollars. chump change!
jgilmorejgi 6 months ago
You morons are applauding Bush but Reagan was proven right. Revenues doubled under Reagan. The problem is spending tripled. I know most people are brainwashed but Reagan budgets were never passed and he negotiated spending cuts that Democrats dishonored.
bhec7715 6 months ago
He knew Reagan was gonna win and didn't want to piss him off
lolraxjimmy 7 months ago
Georgie H.W was smart
nickitheninja5 7 months ago
back when candidates knew what the fuck they were talking about. got that, Bush jr. and obama?
TeslaDRay 7 months ago
@TeslaDRay I'm no Obama fanboy, but it's disgusting that you actullay compare the worst president ever to Obama. Obama isn't even close to Bush jr aka the biggest joke ever.
LocoGroove 7 months ago 3
@LocoGroove
no bush jr IS the worst ever.
TeslaDRay 7 months ago
@LocoGroove
and it doesn't help that he likes the smell of his own farts either.
TeslaDRay 7 months ago
The term "Voodoo Economics" came from George HW Bush a republican and Ronald Reagan's own Vice President.
FRSFreeStatePlus 7 months ago in playlist ABN Political History
God bless Reagan
olvoro11 7 months ago
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USA Evil Empire = 卐
petersz98 7 months ago
Listen to the old guys! RON PAUL 2012!
frankz00 8 months ago
How the HELL did they end up as running mates?!?!?!
frankz00 8 months ago
Reagan / Bush.. what a great team
elfgirl3 9 months ago
@elfgirl3
bush was mediocre at best. his son was worse. it was all reagan who carried the weight.
TeslaDRay 8 months ago
@TeslaDRay
I agree
The GOP has not put forth strong conservatives nominees for a while. To our nation's detriment in terms of economics, Bush, Dole, Bush W, and McCain are ideologically less conservative than Reagan.
esj8341 8 months ago
The 1980's was not the worst. Today is the worst. 14 trillion is BAD!
kevinjrxoxo 9 months ago
If you drive more people to a business, they will hire more people. It's as simple as that. If you give them tax breaks, they take trips to the Bahamas. Think about it...when the middle and lower classes get a tax refund or a check in the mail from George Bush for $600 most people pay their bills or put it in savings they don't use it to "stimulate the economy"
jopiano 9 months ago
@123ggn and iluvpoliticzz According to a recent article tax cuts for the wealthy do nothing to bolster small business. They don’t affect hiring decisions, or encourage them him to invest in their own growth. All of those decisions -- the nuts and bolts of actually running a small company -- depend on the customers' economic conditions, not on tax rates. Paying employees more or hiring more employees Also since small business is fed by its consumers, not by our tax breaks.
jopiano 9 months ago
The term "Voodoo Economics" did not come from a democrat or a Liberal Democrat but from George HW Bush. A Establishment Republican who went on to be Ron Reagan's loyal Vice President.
FRSFreeState 10 months ago
Reagonomics is a failure and did not work. People have simply mythologized his presidency for reasons I cannot understand. I think George Bush Sr. would have been the better choice.
MrFerrariDaytona 11 months ago
@MrFerrariDaytona any facts?
mcgge7 7 months ago
@MrFerrariDaytona
I disagree. ELEMENTS of Reagaonomics did not work. As a general system, it was better than the Keynesian, partially controlled economy the United States had before-hand. But like most new and revolutionary things, there was many experimental theories that were, frankly, wrong. An improvement, but I think the key is that people arguing for lower taxes now aren't even using the same theories. It's been so diluted down to just stupidity
tubub 6 months ago
Reagan cost H.W. a second term. Voodoo economics will never work, hence the recession in the early 90's. Lost in history is the economic UP turn during H.W.'s final year in office, the beginning of the great financial times that Clinton enjoyed.
WazzMan16 11 months ago
A republican criticizing tax cuts and realistically focusing on balancing the budget instead? My how times have changed.
sharkeyes333 11 months ago
Lets not forget Reagan and Bush MADE our newest superpower, China. Look at China's imports into the US under Carter, then after Reagan, then after Bush Sr. then after Bush Jr. Democrats had it right. GOP SOLD OUT THE AMERICAN WORKER. And with a national attack on unions, they are trying to sell out the organized American worker.
depper 11 months ago
Bush was an out of touch moron.
He became a terrible president years later.
Ronald Reagan however, was great.
George Vreeland Hill
GeorgeVreelandHill 11 months ago 10
@GeorgeVreelandHill George Bush Sr probably prevented a depression. He was ethical also as he went against his own party and raised taxes for the good of the country. Listen to the video and you'll see why he did that. I was sucked in by Regan's sweet words. I voted for him and may God have mercy on my soul for that. He killed this country. That is my opinion as I saw it happening like a slow train wreck ending in 2008.
saltwn 11 months ago
@GeorgeVreelandHill Not quite. Bush tried to clean up some of the mess Reagan made of the budget deficit and the Savings & Loans; Bush was a more responsible statesman. He was also certainly more intelligent than Reagan. Granted, he was definitely not even half the political communicator or charismatic personality Reagan was, but I don't think those are the proper criteria for judging who was "great"
hatchbx 8 months ago
@GeorgeVreelandHill "Ronald Reagan however, was great."
Ronald Reagan and people like him did more to put the United States on the road to being a plutocracy and second-rate power than anything else. Keep that in mind the next time you hear about an American getting to the international space station, because he'll be there courtesy of hitching a ride with the Russians.
As far as tax cuts go, the only thing that ever "trickled down" was urine on the heads of the working class.
PatchesRips 5 months ago
@GeorgeVreelandHill ---Bush Sr wasnt a very good Pres but he was a hundred times better than his asshole, immature son
loyaldude10 4 months ago
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@GeorgeVreelandHill
Reagan was even worse.
RedXlV 3 months ago
@GeorgeVreelandHill Reagan sure has a great reputation as promulgated by the RadicalRightWingNuts but those of us who lived through his years and remember it, recall a very different story.
bannor99 1 month ago
why don't they do this anymore? I'd love to see the VP and President go at it in 2012
yakchirscarlson 11 months ago
@yakchirscarlson This isn't supposed to be a VP vs. President debate, this is in the Republican primaries when both Bush and Reagan were running for the presidency.
sumskater999 11 months ago
@yakchirscarlson This was a primary debate not a gubernatorial debate. Bush Sr. was not VP at this time.
MrFerrariDaytona 11 months ago
Yo' doesn't knows ennythin' about Jesus, yo' haf no idea who he is, an' eff'n yo' c'd read yer Bible an' let somebody else fuckin' lead yo' down th' route by yer nose, then yo'd haf an idea of whut's gwine on, as enny fool kin plainly see. But yer an igno'ant boob. Well bust mah britches an' call me streaker. Okay?
loonmaniac 1 year ago
where the fuck is my America?!
MrShmetel 1 year ago
I think the more people want goods and services the more business and businesses that would create. As well as creating more jobs, more benefits, more wealth, more productivity.
jopiano 1 year ago
@ iluvpolitics... I have to disagree. By that argument we should keep giving big business what it wants like giving a child candy after candy. In my opinion if you give people a liveable wage they're apt to want and buy more goods and services creating a higher need for supply and demand. That's good for EVERYone, decreases the need for credit, and keeps people from accumulating bad debt, going into foreclosure et al
jopiano 1 year ago
when reagan cut taxes from 70% to 29% the amount of revenue in government DOUBLED!!!! why have high taxes???? according to obama he says we have to "be fair". According to Al Gore, he says "so the people don't spedn it on things they don't need? wooooow!! they just called us stupid! these comments are so idiotic it still drives me crazy why people believe in high taxes!!
iluvpoliticzz 1 year ago
low taxes used to be bipartisan....ha!
iluvpoliticzz 1 year ago
The Reagan-Bush years were great for prosperity, bad for communism. This debates shows how classy both were.
roydu100 1 year ago 9
@roydu100 "The Reagan-Bush years were great for prosperity"
They were sure great for larding on the deficit.
PatchesRips 5 months ago
@PatchesRips Get your facts straight. The Congress controls spending, the House specifically, not the President. Democrats controlled the House during Reagan's Presidency.
gdbalck 4 months ago
@gdbalck Get YOUR facts straight. For generations, programs that drive spending have issued from the executive branch to be turned into legislation and supply bills by Congress. Do you remember the Gipper standing up there talking about blowing money out America's ass on things like SDI, the Freedom space station, and spending the Soviet Union into the grave? Well, I do. Reagan blew your great-grandchildren's savings, and the worst you can say about Congress is they didn't stop him.
PatchesRips 4 months ago
@PatchesRips Selective memory much? Let's forget all the legislation he proposed to Congress to cut spending and reduce the size and growth of government. He believed the USSR to be our mortal enemy. He also believed that government was, and is, too big. A Democrat Congress will NEVER turn down spending. To believe what you want to portray of the man is to forgo decades of evidence to the contrary in his philosophy and approach. I'll repeat, get your facts straight.
gdbalck 4 months ago
@gdbalck "Let's forget all the legislation he proposed to Congress to cut spending and reduce the size and growth of government."
Yeah, the good old "fire everybody" conservative answer to everything. Then a couple of years go by where nobody can get anything done, bad food gets shipped, accidents start killing people, and it's up to the liberals to rehire everyone to get jobs done. So you save some millions THERE, while blowing billions or trillions on stealth tennis shoes and invisible M-16s.
PatchesRips 4 months ago
@PatchesRips LOL Good ol' liberal platitudes. I guess we need to take $4 trillion plus from people in order to ensure that food doesn't go bad or there are no accidents. Give me a break, do you realize what you are saying? If bad food gets put on the market, the producer won't last long, but why would I expect you to understand free markets. I find it hilarious that you accuse Reagan of being a big spender, I find it sad that you believe your nonsense. Good day and don't cancel my vote...
gdbalck 4 months ago
@gdbalck "I guess we need to take $4 trillion plus from people in order to ensure that food doesn't go bad or there are no accidents."
No, actually, my point is just the opposite. People like Reagan appeal to an unfortunately, but all too real mean strike in the American public. They suggest someone's getting something they shouldn't, and pinch pennies by killing off services, all the while blowing billions on military hardware that will never be used.
(cont'd)
PatchesRips 4 months ago
@gdbalck (cont'd) They find incredible ways to hide the spending, and since it's the executive branch that does the spending, a lot of it gets tagged as "national security" and vanishes from accountability to Congress. Were you aware, for instance, that the exact cost of the Manhattan Project is STILL not available to Congress, or the public who paid for it?
"If bad food gets put on the market, the producer won't last long"
What's to stop them? Without inspection, how do you prove it?
PatchesRips 4 months ago
@gdbalck
Hate to say it, Reagan was a big spender. He was lucky that his spending happened to pay off in the long run because it destroyed the Soviet Union.
He raised spending and cut taxes; great in the short run but terrible in the long run.
Mrpastry909 3 months ago
All of this is based on a fundamentally corrupt economic system.
They are trying to put out fires without acknowledging the international banking cartels that are starting the fires.
smujismuj 1 year ago
@smujismuj
very true, but how do get rid of of a bad foundation without destroying the structure. It also depends on who built the structure, many people see communism and socialism as a freedom to all people. Its an economic prison that has killed more people than any form of government that has ever existed and thats a fact.
kaleb3390 1 year ago
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THE TAXES! THE FINGER THING MEANS THE TAXES
CoolerKing37 1 year ago
i like the fact that they are having a debate without personal attacks on each other,
they are sticking to the issues!!
robertman0011 1 year ago
@robertman0011 wow! you think that the bush reagan years were a disaster for the economy???? please email me back with evidence to support your claim. thank you
iluvpoliticzz 1 year ago
@iluvpoliticzz
it's "Michthemitch" who posted that comment, i never said the bush reagan years were bad for the economy
robertman0011 1 year ago
reagan and bush were a DISASTER for the country...
Michthemitch 1 year ago
very good back and forth...an i've heard people say the only time you'd see Reagan get angry was on the issues of taxes.
he shows a little of this here...but the line about cuting the allowance shows him appear more presidential. i liked the debate though...ideas. a battle of ideas. the right guy won.
KEV8551 1 year ago
you can say whatever you like...he cut more than he raised and revenue increased...jobs increased. the GDP grew 43%. the inflation rates dropped from 14% to 5%. the soviet union couldn't keep up with our military build up. you can't knock reagan about these things.
KEV8551 1 year ago
Ronald Reagan's own Vice President viewed his Economic Plan as "Voodoo Economics"
FRSFreeState 1 year ago
Is it possible that the people who say "why should I get a job" are saying it because the jobs that are available to them pay less than welfare or unemployment? My question is genuine not snide or sarcastic. If those jobs do pay less than maybe the solution is raising the minimum wage and/or lowering education costs so that more people can get access to a higher education which might lead to higher paying jobs, better standards of living, less people on welfare, and overall prosperity.
jopiano 1 year ago
@jopiano sorry but increasing the minimum wage is horrible for businesses. sound great don't ger me wrong! but when a business has to pay more to its employees, that makes it harder for that business to operate and inorder to make up for the lost money due to a higher minimum wage they fire people.....giving us a higher unemployment rate and more eople on welfare and unemployment.
iluvpoliticzz 1 year ago
@jopiano
If you were to increase minimum wage, well obviously it costs more money to hire people. So, let's say a store increases wages, they would need to increase prices as well. There go there would be little to no increase of the general standard of living. And as prices go up, welfare must as well. So, it's not that simple.
123ggn 1 year ago
@123ggn Ergo?
IllegalAmigo07 11 months ago
Is it possible that the people who say "why should I get a job" are saying it because the jobs that are available to them pay less than welfare or unemployment? My question is genuine not snide or sarcastic. If those jobs do pay less than maybe the solution is raising the minimum wage and/or lowering education costs so that more people can get access to a higher education which might lead to higher paying jobs, better standards of living, less people on welfare, and overall prosperity.
jopiano 1 year ago
Low taxes are in the American blood. We acknowledge that we need roads repaired and firefighters/cops paid for. However, Americans do not feel that Americans that choose not to work should feel entitled to living off the government through taxes imposed on the populace. Yes there are people who need welfare as a stepping stone, but there are also those that refuse to get off welfare because they view it as a way of life. I know people who think "why should i get a job?"
Kiravak 1 year ago
most Americans struggled in poverty.
This is a revisionist view of recent history that ignores reality and denies the fact that President Reagan's sound policies and determination deserve much of the credit for the current economic picture. Congress should embrace President Bush's tax reform plan as a responsible return to the most successful economic policy of the 20th century.
phoenixbornagain 1 year ago
After President George W. Bush sent Congress an outline of his tax reform plan on February 8, some critics immediately began to attack it as a return to what they portray as the fiscally irresponsible policies of the Reagan Administration. According to these commentators, Congress should scale back--if not outright reject--President Bush's tax reform proposals because they are based on a period when the wealthy received excessive tax cuts and revenue was wasted on defense even though
phoenixbornagain 1 year ago
i've read a few books, but never wrote one.
what if someone could figure out how to make it possible for EVERY employer in country to hire TWO people? or half of them to hire 4? etc
me, i think the grossly overpaid that have 5 others do their job should be replaced with 5 people happy to earn a fifth of whom they replaced.
AngusMcSpuds 1 year ago
The first thing to understand here is taxes are a death threat.
Taxation is a threat on american lives , enslavement , and genocide.
And any government that attempts to tax me will be met with deadly force.
azkeyz 1 year ago
I bet the New World Order socialists would love to censor this video and all other Reagan videos on the internet. God bless Ronald Reagan.
Bloodstryke 1 year ago
Reagan was correct in this debate about the Kennedy tax cuts creating a higher revenue in taxes received. Bush kept saying that it created a deficit but his historical accuracy is false.
Bloodstryke 1 year ago
It is amazing to see how civilized debates were 30 years ago. I am shocked to not hear accusations of inappropriateness, or of conflict of interest, or of twisting the facts.
realoldguy1969 1 year ago
Wow I never really saw it before but daddy bush and junior bush really do look alike. I was so used to remembering Bush Sr. as older then this clip but man the resemblance is uncanny.
TheTerribleLPer 1 year ago
HW was right and Reagan was wrong
llar87 1 year ago
Boy Bush was much better here than in 89 and 92. wtf?
brnsimpson 1 year ago
2012 will be 1980 all over again. Let's not reelect Jimmy Carter.
ToxicOdiousOne 1 year ago
@ToxicOdiousOne NOBAMA CAMPAIGNED LIKE REAGAN, BUT HE GOVERNS LIKE CARTER! Voters need to ask in three weeks, "ARE YOU BETTER OFF THAN YOU WERE TWO YEARS AGO! NOBAMA has 831 DAYS TO GO!
vccstudents 1 year ago
@vccstudents
Not only am I better off now, than two years ago, I am better off than I was the entire 8 years of Bush, Clinton established - pay as you go. Fiscal responsibility. Bush tossed it out the window, Now President Obama is expected to fix it in a year. You forget where this debt came from. @ unfunded wars, medicare part d, no child left behind, the tax cuts, the rebates, the exportation of 8 million manufacturing jobs, the no bid contracts, and no oversight cost us trillions.
realoldguy1969 1 year ago 2
@realoldguy1969 THERE YOU GO AGAIN! The fact remains in the late 90's Clinton, Reid, and Frank made it possible for people to qualify for homes who should not have qualified. Even Barney Frank admits today that was a mistake. With all these foreclosures, responsible people paid the price for irresponsible ones. The fact is the overwhelming majority of us ARE NOT BETTER OFF THAN TWO YEARS AGO! CONGRESS IS CHANGING HANDS, AND NOBAMA HAS 815 DAYS TO GO!
vccstudents 1 year ago
@vccstudents The banks gave the loans. The bankers are the experts at giving loans, that is why they are bankers. Home buyers go to the loan experts (bankers) to see if they qualify for a loan. They have Primary Mortgage Insurance which reduces the risk for the banks which the homeowner qualifies. It was Bush who signed the TARP bank bailout bill before leaving office. No interest loans, and balloon ARM loans were a large part of the problem created during the Bush years.
realoldguy1969 1 year ago
Respond to this video... There is no argument that during the Clinton years the republican congress wrote and passed this bill for Clinton to sign. Do you think the banking and insurance industry should have been allowed to collapse because they were irresponsible? Do you think a free market is self regulating, or more corrupt? Do you feel there should be proportion of punishment for people and corporations, or that one should have less liability than the other? Send me your logic.
realoldguy1969 1 year ago
@realoldguy1969 And when the housing situation blew up in our faces, Clinton was long gone! W took the blame! I'll bet Gore and Kerry are sitting back now and saying, "Thank God I lost!"
vccstudents 1 year ago
@vccstudents So you are saying the deregulation of the financial and insurance industry signed by Clinton, to promote a free market, led to the collapse and ultimately a socialist bailout signed by a republican president?
realoldguy1969 1 year ago
@realoldguy1969 There you go again! Even Barney Frank admitted what I said earlier! NOBAMA has 814 DAYS TO GO! Watch the House "CHANGE," my friend! At least you and I can agree without making NIXONIAN hatred remarks about "the back of buses" and "punish our enemies!"
vccstudents 1 year ago
@vccstudents yea, King George was not responsible for anything.... ignorance is bliss.
toddk911 1 year ago
@toddk911 THERE YOU GO AGAIN! How did the midterm elections turn out for you? Now NOBAMA has 807 DAYS TO GO! Tell Pelosi, "THANKS FOR THE MEMORIES!"
vccstudents 1 year ago
@vccstudents How many more days left now?
phoenixbornagain 1 year ago
Reagan was very good at boiling things down for the average American. Bush's proposal is clear. Then notice that Reagan's response is totally confusing. But by the end of his series of responses, Reagan has the audience on his side, i.e., telling Bush to cut the allowance for Bush's son, "W". What Reagan doesn't say, however, is that when there is a shortage of revenue, the government simply prints & mints and borrows---which is exactly what Reagan did...AND what "W" did 20 years later. OKJGp
okjackgroup 1 year ago
Bush Had connections to Reagans attempted assassin. Bush family needs to just dissapear.
sandythebear 1 year ago 2
Who gives a shit what your boys are saying on talk radio or cable networks, the record is the record. And you guys are just pissing all over it, trying to distort it.
You don't like regulation fine, but don't try to make up some story that the 80s were greatest thing since sliced bread in terms of prosperity in order to try and make history fit your views.
This is why world is in the damn shape it's in, because of partisan bullshit like this!
sharktrinity 1 year ago 2
@sharktrinity Coming from a 23 year old who probably lives at home you don't have much room to talk. Then the numbers speak for themselves and I lived through the 80s and the 70s.... go do a comparison.
TheKaffeeKlatsch 1 year ago
@TheKaffeeKlatsch
Thanks. I'm not sure you made any point all, or brought anything of substance/factoid to the discussion. I forgive you though b/c you likely in your 70s/80s during the 1970s/1980s which you referenced living through, as evidence by the quality response to this video you chose to give. But thanks though.
sharktrinity 1 year ago
What is with you guys saying things that you know is not true by readily available 101 historical record. Why would you try to dilute history when we all have a stake in making sound policy in the future?
1) The 80s was the worst economy since the depression, surpassed on by the 2007-2009 Recession, and was the largest increase in the nat'l debt only topped by the 2000-2008 administration.
2) Yes unemployment dropped by almost half, productivity increased to 1929 levels 32'-37'
WTF guys?!
sharktrinity 1 year ago 2
495 – After the stock market crash of 1920, President Hoover tried to assure reassure Americans that the nation’s economy was on sound footing. Most officials of the Hoover administration was to let the economy fix itself.
511 – Despite critics of FDR’s New Deal programs, in the first two years of his administration the economy had improved and unemployment stopped it’s spiral free fall.
sharktrinity 1 year ago
This is no different than what happens with our own personal treasuries. The Federal Budget is no more than a macrocosm of our own personal budgets, and government is a macrocosm of private citizens just coalescended into collective representation/rule/enforcement.
Skip out on your credit card payment for 4 years while still making charges. See if giving yourself "a cut" or "break" from making payments on your treasury debt actually becomes an expense.
sharktrinity 1 year ago
book and stop using wikipedia to try and get bearings on things you've not taken the time to do diligence on.
And all of the things you stated about the Cold War are also incorrect. USSR had always been in financial decay. Reagan had nothing to with it.
sharktrinity 1 year ago
and Russia come in 2nd and 3rd holding only 1million). That's real pork!. Or using OUR money to pay for wars on outright falsified grounds to benefit their buddies when the spoils are divy'd up.
Funny part is most of these NEO-Cons, who are about non-govt intervention in the private sector at all cost, even if they can remedy Justice System and Health Care costs per capita, are actually Classical Liberalism tenets... And the NEO-Cons have the nuts to use words like "Libtards"....
sharktrinity 1 year ago
Getting pretty sick of people claiming to be Conservatives who really are not, and don't even know it's tenets. Ronald was far from Conservative... reving up the debt, anti-libertarian with moral laws, expanding the Drug War which is destined to fail due to the profit paradox and hyrdra effect, and making prison sentences longer and overkill laws in general which literally doubled the prison population during his tenure at $33,000 of OUR money to house prisoners (We have 2million in jail, China
sharktrinity 1 year ago
when the fictitious term "Depression" should be applied). The NYSE has the largest single day drop since Black Tuesday losing 22.5 % of it's value.
sharktrinity 1 year ago
best intentions still tell me that's true, but the facts and evidence tell me it is not."
-American Biography following sentences-
- As the testimony of others and Reagan's own diaries reveal, this statement was no more accurate than any of the other earlier explanations that Reagan had offered. Almost all of the activities in question had been taken not only with Reagan's full knowledge, but at his instigation. -
sharktrinity 1 year ago
I'd also like to add the Iran contra scandal did happen, is on the official record, and that 11 Regan aides were convicted during the indictments, minus Defense Secretary Weinberg who was pardoned by Bush version 1.0. Just for those of you on here who are denying his stink of dealing with terrorists.
Here's another excerpt from Ronnie biography by Library of American Biographies.
(Reagan) "A few months ago I told the American people that I did not trade arms for hostages. My heart and my
sharktrinity 1 year ago
Reagan is a war crimminal responsible for the collapse of the U.S. He should be forgotten
Winstonclawfinger 1 year ago
@Winstonclawfinger
Lololololol
He won the Cold war, created 20million jobs and the largest economic boom in a century.......Also how is he a war criminal? USSR started the War, and we didn't use any ground troups to fight. Reagan simply got them to go bankrupt by upgrading our military. It's Carter that tried to bring down the U.S....energy taxes, income taxes, boy that's a recession that will keep Carter in shame for years to come.
Oh and Obama is doing a good job of screing us also.
Mage13246 1 year ago
@Mage13246
Job creation and economic boom falsifications:
If we're all going to have a discussion worth having here, we need to get the true numbers correct and not talk from our asses.
Unemployment was 11% which was the worst since the G-Depression and has only been topped by your modern mess that Bush dug us into. (Yes the recession also known as 2 consecutive quarters of GDP shrinkage began in 2007).
Economic Boom - The GDP shrank by 9% under Reagan (-10% is the most agreed on point
sharktrinity 1 year ago
@Mage13246 Nope. Clinton presided over a bigger economic boom, and by the end, we didn't have a deficit, unlike Reagan who doubled it...
RavenMichaels 1 year ago 2
This has been flagged as spam show
Read my lips. NO NWO
TheLizardKing1967 1 year ago
This is like John Mccain vs George Bush Jr. in 2000. Except John Mccain was more like the first George Bush and Bush Jr. is more like Reagan. Although Reagan ended up being a great president, and Bush didn't do so well....
aaasssfffdddiii 1 year ago
@aaasssfffdddiii
Reagan might have been one of the greates, but even he got as much sht as bush Jr. did.
Mage13246 1 year ago
@Mage13246 The Left is unrelenting. Bush Jr. was really a mediocre president. I really miss him now. The biggest complaint were the deficits, which were about 1/3 the size of Obamas. In hindsight, he really wasnt that bad... Reagan, on the other hand, was the best president since Abraham Lincoln...
aaasssfffdddiii 1 year ago
Actually the deficit is not triple Bushies. Bushies set the record at 1.3 trillion, Obama raised that bar to 1.4 trillion with the financial rescue plan.
Just pray to God the shit actually ends when the economy starts to recover. We're sitting at 13 Trillion in debt. The Dollar is weak as shit!
Foreign creditors are not going to continue buying our Treasury debt in bonds forever.
I've not seen the updated figures to date, but I believe we were at pace to pay $44,000 each to pay off the
sharktrinity 1 year ago
@sharktrinity The last budget that bush signed was 400 billion deficit. The first that Obama signed was 1.3 trillion. Bush was partly responsible for the last one, but Obama was too. In reality, Obama makes bush look fiscally responsible. The Obama deficits and the Obama recession are being caused by hi mess.
aaasssfffdddiii 1 year ago
@aaasssfffdddiii
Got a credible link to support that claim of 400 billion deficit only?
a) At least the deficits we're seeing now are put of re-investment into our own market directly crediting job creation vs. cutting the wealthy's taxes hoping jobs are created indirectly, which has not happened in the past, and is compounded by the fact that the NEO-cons who've had the White House over the last 30yrs promote jobs leaving the country so job creation has actually in Mexico.
sharktrinity 1 year ago
@aaasssfffdddiii
which makes Bush and his predecessors anything but fiscally responsible. And your current spending, wise or unwise, is the result of attempting to clean up the big dump he took on the US.
b) The recession is objectively measured by GDP, started in 2007 and has just been announced it ended in 2009. Hardly "Obama's Recession". Markets are up, ad have been up for quite sometime.
sharktrinity 1 year ago
@sharktrinity You say reinvestment in the economy, but that relly means government spending. This never works to help the economy. If it did, the 1930s and 1970s would have been prosperous in America, and Japan in the 1990s would have been booming to. These Tax Cuts for the wealthy worked for Kennedy, Reagan, and Coolidge. The fact is that government spending is just wasteful, tax cuts are not...
aaasssfffdddiii 1 year ago
@aaasssfffdddiii
I'm saying at least the money we're going into the red for is going into either your and your neighbors pocket if they create a job for someone else. And yes the 30s did benefit from govt intervention spending domestically.
And tax cuts sure as hell are wasteful if a) you're going over budget by doing it b) if you're already over budget being that we pay interest on the debt. Not to mention as I've said before, you weaken the dollar by borrowing, so its a double kick in the A
sharktrinity 1 year ago
@sharktrinity The money that Obama is spending is government projects. They have never helped the economy. If they had worked in the 30s, we wouldn't have had 14 years of depression. Oddly enough, when taxes and spending were cut, unions lost power, and wage and price controls were eliminated the economy recovered quickly. Government intervention has NEVER helped an economy...
aaasssfffdddiii 1 year ago
@aaasssfffdddiii
Wow, zero of anything you just stated was true. Provide some citations because you’re just talking out your rear end trying to pass it off as fact. I will give mine and cite the following: Americans: the 20th century (McDougal-Little). For the record this is a 101 level textbook that is one of the most published in the country; this is not some “Liberal” piece written by an angered professor. It was written by six P.H. D’s and is mass produced out of both Dallas and Boston.
sharktrinity 1 year ago
@sharktrinity
530 – Supporters of the New Deal believe that it was successful. Many historians and journalists make this judgment by using the economic criterion of creating jobs. Whatever the shortcoming of WPA, are insignificant beside the gigantic fact that it had given jobs and sustenance to a minimum number 1,400,000 and a maximum number of 3,300,000 person for five years, and prevented a complete collapse of the banking. industry through government sponsored lending to those investigate
sharktrinity 1 year ago
@aaasssfffdddiii
Only bracketed info after page number cites are my own insertions. And before you go there with one of your catch phrase explanations or “Yeah But” I’d like to address the Federal Deficit through the 30s. The deficit stayed below $5 billion every year through 1941, and rose $54 billion in 1943, so don’t try and say “oh but he drove us into deficit” which was unsubstantial compared to the proverbial war solution that got us completely out, or Ronnie’s peacetime tripling.
sharktrinity 1 year ago
@aaasssfffdddiii
486- Although historians and economists differ on the main causes of the Great Depression, most cite a common set of factors. 1) An old decaying industrial base- outmoded infrastructure made some industries less competitive. 2) A crisis in the farm sector. 3) The availability of easy credit [sound familiar deregulators?]. 4) an unequal distribution of income – there was too little money in the hands of working people, who were the vast majority of consumers.
sharktrinity 1 year ago
@aaasssfffdddiii
512 – The President assailed his critics, he asks crowds of people, “Are you better off than you were four years ago?” The crowds roared back “Yes,” in virtually every situation and location across the country.
529 – In 1937 FDR hinted at plans to launch a Third New Deal. By 1937, industrial production had improved to 1929 levels and unemployment fell to 14 percent, falling from a devastating high of 25% [this is often never included into arguments by those who praise war]
sharktrinity 1 year ago
@aaasssfffdddiii
d as sound, and those that were insolvent would remain closed [Roosevelt closed the banks the day after he entered office on 3/5 and selectively reopened, and approved them for lending after investigation, on 3/12]. 532 – One of the most important legacies of the New Deal has been the stabilization that it’s measures have helped provide in recent economic downturns, known as recessions, including the creation of the FDIC and SEC. Despite its early fierce early fierce critics
sharktrinity 1 year ago
@aaasssfffdddiii
Senator Taft’s opposition on conservative grounds that the economy would suffer further and plunge even deeper into downturn with too much government control in the free market, many of the New Deal measures still exist today and are universally accepted as beneficial programs by most on all ends of political spectrums. Kinda reminds of the witch hunt of 2010 health care “kill the billers.” World Health Organization's 2005 report showed the US as paying the most in
sharktrinity 1 year ago
@aaasssfffdddiii
* should be a space after "spectrum"
most in the world per capita at $5,274 and ranked 37th in health care quality based on our infant morality + longevity combined scale numers. UK (where patients almost always can see the doctor that day or the next) for example spends $2,160 per capita and 18th in care quality. The numbers don’t like. A public option has been a savings everywhere in the world it has been implemented, and they have better health care quality than we do.
sharktrinity 1 year ago
Comment removed
sharktrinity 1 year ago
@aaasssfffdddiii
Pull on whatever figure you want, unemployment seems to be the soundbite of the fall, but stop calling it a recession because its over, was the longest since WWII, and is defined by a specific GDP criteria.
For the record, I don't see unemployment stabilizing for a long while. Even if markets soar, producers are uneasy and will pussy foot back into expansion. Historical examination of all modern recessions shows this happening cyclically.
sharktrinity 1 year ago
@aaasssfffdddiii
debt, when we literally got a number to big for the nat'l debt clock in NY, when it reached 10 Trillion in October 2008.
sharktrinity 1 year ago
Reagan insider: 'GOP destroyed U.S. economy' ...
... "How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse." ...
marketwatch. com/story/reagan-insider-gop-destroyed-us-economy-2010-08-10
hackit12 1 year ago 3
1981
70-28% for the highest marginal tax payers ?? - ""across the board"" over 8 years.
14-11% for the middle/lower classes ??
-
Net revenue negative over 8 years – Treasury dot gov!
….recession in 1982, unemployment rose to 10.8 %, only to drop during the rest of Reagan's terms, averaging 7.5%.
Cont
hackit12 1 year ago 6
…
1982 TEFRA - He started –‘new tax increases on dividends, interest, excise taxes on cigarettes were doubled, excise taxes on telephone service tripled, etc’- … created nine of the subsequent eleven tax bills through 1993 –‘increasing taxes’- G.H.W. Bush -'no new taxes-' LOL
Cont
hackit12 1 year ago 9