Beltway Boys Claim New Deal Didn't Work But Reaganomics Did

Mort Kondracke and Fred Barnes on the Beltway Boys touting the success of Reaganomics and bashing FDR.

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News & Politics

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• Beltway
• Boys
• Mort
• Kondracke
• Fred
• Barnes
• FDR
• New
• Deal
• Reaganonics
• Economy
• Obama

[Nutrino2179]

FDR's spending program was producing 10% growth until the conservatives convinced him to reduce it and try to balance the budget. That resulted in the big slow-down of '38.

Another net effect of Raygunomics: 27 yrs w/ an ave of $600B/yr redistributed from the lower 79% of earners to the top 1%, resulting in the most inequitable distribution of wealth since 1929, shrinking incomes and a disappearing middle class. Thanks, Ronnie!

[youngsiward]

This is just remarkable that they can get away with this kind of commentary. To view these crises purely through the prism of unemployment is stupidity. Obama will indeed cut taxes for those who will stimulate the economy the most. Barnes admitted himself that the economy only emerged out of depression in the 30's due a massive public works program - ie. WW2. Good 'ol Fox, fair and balanced, and opting for political expediency over informed commentary any day...

[MrMojoRisinII]

No he didn't. FDR created social security to prevent people from falling into poverty in their old age. Instead its been used by corporations who rip off their employees, stiff their pension funds turning SSI into their sole means of support.

FDR did more to give working men and women a decent life than any other President outside of TR. That makes the repubs nuts because they think they are the only ones who work hard. 99% of the people work hard, we just don't bitch about it..

[mpc91]

@MrMojoRisinII - And by "greatest Presidents' you mean, he created systems by which the government started stealing from one sector of the American people to then claim it was giving things for free to another. FDR did more to curtail liberty in this country than any other President. The New Deal didn't end the depresssion, it prolonged it. WWII ended the depression. You talk of raiding social security, when it's social security that's raiding us. It will bankrupt us within 20 years. Thanks FDR.

[dz2ny]

that reminds me of how obama always says "I inherited this recession". Instead of just doing the job he begged to have for 3 years. Both parties do it man. im more of a conservative than anything else. And I know that the republican party is a mess, i blame the reps for losing the election obviously because they ran a terrible campaign, and nominated people that didnt have a shot in hell at winning in the first place.

[MrMojoRisinII]

The biggest asset the Democrats had was the absolute and utter incompetence of the right wing republicans.

By the way keep blaming the media for losing the election, nothing like the party that preaches personal reponsibility blaming everyone else for their problems.

[dz2ny]

Good, so can I. And i dont need to "argue" anything. I can explain it to you if need be though. Arguing something like that is pretty pointless though. Thats like arguing obama didnt win the election thanks to racism, and help of liberal news.

[MrMojoRisinII]

Obviously that's not true because you can't argue your way out of it.

By the way I can argue without using the word "fuck"

[dz2ny]

the fucking facts are there, it worked and we benefited from Reaganomics and thats that. get over it. liberals are so fucking stupid and ironically close minded.

[MrMojoRisinII]

FDR was one of the greatest Presidents of all time. Reagan was a loser who did nothing except raid social security so he could give tax cuts to the uber wealthy.

The Republicans have a dismal record when it comes to the economy. They should just be ignored.

Fred Barnes doesn't know his ass from his elbow. He loved everything Bush did and look what happened. Bush screwed up everything.

So why are we still listening to Fred Barnes and the rest of the cast over at GOP-TV????

[MrMojoRisinII]

Fred Barnes is just a right wing mouth piece. He writes for Bobby Murdoch;s right wing rag, "The Weekly Standard" which never makes any money , and whose readeership consists of FOX staffers.

Barnes is liuving in a fantasy land or is hooked on some harcore narcotics that cause him to have these crazy friggin ideas. George Bush, great President. Reaganonomics worked, FDR sucked.

The truth is despite the rhetoric Democrats are better at the economy than Repubs.

[olseabee]

The only way the socalled "investors" get their socalled "profits" is by unconstitutional banks inflating, devaluing our money through counterfeiting

Otherwise they would have to work, save and live within their means like the younger Americans who this country rightly belongs to

[Paperdebtpyramid]

People who own their homes outright can work cheaper than someone with $300,000 debt

You worthless "investors" the banks cater to expect a free ride on somebody elses blood sweat and tears

It's not enough that we've found ways to improve our lives and production through technology????

What about the broken down families across America???

you should be ashamed of yourselves and now you sit by while more dishonorable crap hits the fan in israel

You lazy worthless son bitches wake up

[Paperdebtpyramid]

Investors are like a bunch of spoiled brats that want money for free while the banks cater to them with counterfeit money expansionary policies that indebt the masses

And destroy America in the process

uhuh, and who do you think is supposed to give you a million dollars for a house you paid $600,000 for

I guess dumb immigrants are ok for that

look what you done

What we need is more stable money in circulation and less debt

[Paperdebtpyramid]

WHY THE HECK WOULD WE WANT TO COMPETE WITH THE WORLD TO PROVIDE FOR OURSELVES?

Our current monetary system requires constant growth

A Constitutional money does not

A Constitutional money destroys debts

It is european merchant banker trash running America to their benefit

They have run china and india for hundreds of years

It was chinese tea that was thrown from an east india trading co merchant ship in Boston harbor

Florida IS America too people

Deport the foreigners

[Paperdebtpyramid]

The best fix for America is to 1. secure the borders 2.deport the foreigners 3.Restrict exports (that's right) 4.Nationalize banking and insurance to not for profits 5. educate young American adults in the medical fields expeditiously 6. lower welfare benefits incrementally 7.Raise Social Security Retirement benefits substantially 8.Dismantle the IRS 9.Circulatethe money 10. fema camps for corporate leaders, bankers and wallstreeters who object ;-)

[Paperdebtpyramid]

AND I am tired of hearing the general sentiment of polish communists from chicago that we need more immigrants

Where is THAT policy supposed to end???????

FKING RETARDS!

[Paperdebtpyramid]

Another thing that better STOP RIGHT NOW! is the wet foot dry foot policy in Florida that enables cubans and others to stay if they reach dry land

That is the stupidest policy ever I am tired of seeing America given to foreigners while American families cannot afford to live

They charge us interest on our money dumbasses

WE are not getting interest on our deposits so the money is not circulating they are destroying it! to bankrupt and oppress and exploit

Watch for euro canad invasion

[Paperdebtpyramid]

Investor profits off the debts of their children

YOU should be ashamed AMERICA!

Your politicians are bought and paid for TRAITORS!!!!

Dem repub all the same since Kennedy

European merchants took America over with paper debt trickery

They pulled a generational thing

You old people have been coddled and pacified your entire lives off the labor of foreigners and your children

Your parents left America to you intact and who will YOU leave America to?

We been here for 400 years

[Paperdebtpyramid]

Banks counterfeit money enables preferential treatment of class, race or nation by the bankers who run it all

The colonial merchants we freed ourselves from

Investors profits are derived from artificial values created with counterfeit money.

What we have is not money it is not an economy it is a dfebt trap created by the colonials to run the world

Deport ALL the immigrants from America NOW!

No born here NO live here!!!

[Paperdebtpyramid]

Why would we want to let millions of illegal immigrants enter America,, borrow billions upon billions from banks to buy goods that are manufactured overseas causing a huge trade deficit indebting America to foreign countries??

I thought we "needed cheaper labor and it would be good for us in the long run" ?

So now our money will be devalued and foreign made goods will skyrocket in price?? NOW that our factories have been stolen by corporate banker infiltrators???

What next? more war?

[Paperdebtpyramid]

The mtr fkrs prevented traditional Americans from affording families while they brought in foreigners and then gave them FREE MONEY FROM THE BANKS Which is the ONLY PLACE MONEY COMES FROM!!

There is NO SHORTAGE of money that is all a bunch of man made BS

America belongs to the American people our ancestors came here with nothing and fighting everything front and back

[Paperdebtpyramid]

Reagan was really the first big attack on American families,, although I think others had set it up for the retaking of America by the colonialists.. Reagan sure f'd America

God Damn him to hell

[Paperdebtpyramid]

Of course the older people being established with 3% mortgage interest rates did not mind their children supplying the 12% CD rates on their deposits or the growing demand on their property created through immigration based population growth

No more free ride for the old folks

Now that hey ruined the young folks they can see what it's like to be us

Of course the even older folks left America to them and they will leave America to hispaniolas whatever the F that is

Golf anyone?

[Paperdebtpyramid]

These guys are fos

The prime rate averaged 13% from 1978 - 1990 and was the biggest destroyer of American families that I know of besides offshoring our jobs with money borrowed by the govt and opening up the borders all of which reagan did

The banks caused an artificial shortage of money, told us we needed cheaper labor while interest rates were at 20% and exported our jobs and opened our borders,,, then expansionary mortgages for the immigrants and here we are

America under attack!

[eelzen]

Two air head pundits who produce no product nor add any worth to the general good.

Before Reagan's anti-union/pro-corp. policies, a blue collar worker could support a family of four. After Reagan, they can't. And the over paid elitist beltway boys are proud about that? WTF?!?! Why don't they just start pouring boiling oil on the working poor and be done with it.

[Sinistertino]

anyone who call themselves "beltway boys" really don't have much credibility