Good reading, but I want to discuss this part.
Originally Posted by
dimethylsea
So if Carter's economy was crap, and Reagan's was all great once he worked his Presidential mojo on it.. but Reagan's deficits ran 5 to 10 TIMES Carter's what does that say about your pronouncements about deficit spending and the economy?
Keep in mind.. I'm not saying deficits are great or even ok. I think they are part of the inflationary fiat currency disease our society and it's government is addicted to. I am not saying Obama's deficits are good, or will work.
Reagan's spending was totally justified in my eyes for one very simple reason; he achieved his goals with it.
He set out to win the Cold War, and he was open and honest about that. And he was successful.
Carter failed with his spending. He had high unemployment, high interest rates, and massive inflation. Reagan had none of those problems (except 1982, but I've explained that before).
Obama is currently failing with his. Again, I say currently. He has just over 2 years left before I/we can judge him fully. Of course we can judge him to this point however. Unemployment is up. Interest rates are at record lows, yet GDP is stagnant. This is not good. Government is growing, and remember, Government costs only increase when the Gov't is growing. Couple the Gov't growth with the private sector stagnation and the debt/income ratio is moving in the wrong direction.
FYI, while Reagan spent money on Gov't, it was not growing the Gov't or entitlements, it was mainly defense spending.
When given the choice between big business and big government, choose big business. Big business never threw millions of people into gas chambers, but big government did.
"It does not take a majority to prevail, but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men" -Samuel Adams