Today in History

Here is a look at some of the notable events that took place on this day in history, January 28.

Category:

News & Politics

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• today_in_history

[mrdeansden]

Aw President Reagan. Whether you were responsible for the joyous America of your presidency or not, you will always get credit for the positive feelings people have about those days.

[Polydynamix]

@tjohn1986 lol, listen to that way you talk. You sound pretentious, you're an online tough guy.

I'm not going to address anything with you, I've been using youtube long enough to recognize a troll right from the jump off- and I'm also wise enough to know that no amount of logic or reason will ever sway a trolls mind, they're not in it for enlightenment, they seek only the attention they didn't receive from their daddies.

[peng1965a]

@tjohn1986 Yeah...Reagan wasn't all bad. But, I think he would have a shit hemorage if he could see where we are today with the 15 trillion debt. His policies paved the way for that. My biggest gripe with Reagan is he, along with H.W. and Clinton, ushered in the So-Called "Free Trade" era that has cost us millions of jobs and most of our industrial base. In my opinion, Free Trade and "outsourcing" is the root of all the problems we face.

[tjohn1986]

@peng1965a Well I somewhat agree. I am not really a huge Reagan fan myself. But you have to get everything in context and look at it relatively. When compared to other Presidents before and after him, he did pretty well. And more importantly, he did more good than bad. But I have to correct you. The bailout crap started with Penn railroad and Lockheed in the 70s. Chrysler was bailed out by Carter. The savings and loan bailout was signed by HW not Reagan.

[peng1965a]

@tjohn1986 I remember those days far too well, Like now, you almost couldn't BUY a job. I had just graduated from High School. You had to know someone just to get a job at Burger King. Interest rates were crazy high. I never said Reagan didn't ever do ANYTHING right. Also, you know the Reagan Administration started all the Bailout crap, right? Check out the 800-900 Billion Saving & Loan bailout. You're right about punked though, Reagan was far more a puppet than most care to believe.

[tjohn1986]

@peng1965a He got punked actually. He was promised cuts but he never got them. Sure he didn't all that he promised, but he did cut plenty of taxes. But it's not the fiscal policy but the monetary policy. If you were alive back then don't you not remember the 70s stagflation? Read some monetarism, read what Milton Friedman has wrote. There is no doubt in my mind if it weren't for Reagan and Volcker, US would have turned into a Weimar Republic.

[peng1965a]

@tjohn1986 Sure....be glad to.....You know he iniated Peace-Time deficit Spending. Never passed a balance budget, even durring the two years the Republicans had Congressional majority. Simply, Reagan preached a good fiscal message, but never practiced what he preached. I know, I was there....I voted for Reagan twice.

[tjohn1986]

@Polydynamix Yawn. Either grow a brain and address what I wrote or don't bother.

[tjohn1986]

@peng1965a Umm No one is defending his scandals, I was talking about the monetary policy. Try again.

[peng1965a]

@tjohn1986 Try reading a book that wasn't written by some Reagan worshiping Right Wing Propaganda Spin Doctor.

Wikipedia has a good article...and if you don't believe it....references are provided at the bottom of the page.

"Reagan Administration Scandals"

"The presidency of Ronald Reagan in the United States was marked by multiple scandals, resulting in the investigation, indictment, or conviction of over 138 administration officials, the largest number for any US president"