Christopher Hitchens Dispels Ronald Reagan Greatness Myths(1996)
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so basically what you're saying is that the whole deregulation thing is just one thing: the seperation of commercial banks and investment banks?
maybe you've forgotten about the fact that obama supports the federal reserve central bank in extending credit at the cost of devaluating the currency. this 'easy credit' is the fuel that other banks gamble with ('08 housing bubble). the problem here is the fed, not seperation of the types of banks.
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You seem to know nothing about american history or economics.
Before the Reagon revolution in the 80`s commercial banking and investment banking were separate he deregulated the banking and financial industry as part of his supply side economics or trickle down theory which basically means minimal government and leave everything to the market.
Only since 2008 has there begun a trend to roll back what he did
Look it up its FACT.
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if ronald reagan deregulated everything, howcome regulation has grow exponentially since even before him? howcome under reagan the government nearly doubled in size, like the dep. of education? if he really deregulated the banking industry (which is nonsense) please tell me which regulations you're talking about. because i can't find any.
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down with the republicunts
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@ApocDevTeam What people are blaming Obama for economy? I guess that is why the GOP debate is full of civil rights issue and not a single echo on economy.
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LOL Hitch is just too good. :)
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Ronald ReaClown was the one who first deregulated the banks what a great legacy he left the whole world......global financial meltdown.
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so obama spending trillions of dollars more then they get from taxes is somehow the blame of republicans?
lol
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At least when Reagan supported illegal wars he came up with an illegal way to pay for it. That's the only nice thing I can say about him and the more I think about it it's a damn good quality. If we have to have stupid government doing stupid shit well, the least they could do is come up with a sleazy way to pay for it. You know, apart from the sleazy why they have come up with today which is me and all the generations that follow me to pay for our parent's lack of awareness.
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Regan rules and he had the soviet union scared to pieces. During that time there was no other country even close to us militarily and no president is perfect. But he was one of the best and I don't think anyone would choose Obama over him with the situation were in. Obama has proven in his time he is not the man.
Reagan lowered the bar for Conservatives so low that Bush got in.
Pfsif 3 months ago 82
The effort to undermine and destroy Labor Unions peaked in "The Reagan Years." The Reagan State made it very clear that it would not enforce the law, The 1935 Wagner Act, or National Labor Relations Act, so that was "carte blanche" to employers to just carry out criminal actions and fire anyone who even breathed "Union" under their breath. Hitchens is right, Reagan engaged in criminal conspiracies. I lived through "Reagan Years," and only Margaret Thatcher succeeded in smashing workers better!
CosmicFork 3 months ago 45