08-03-2005 05:59									#151
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ZOMFG JOHN STEWART PWN3D TUCKER CARLSON!!!

	08-03-2005 06:00									#152
	Avatar Enlargement: We've got the solution

He's a talk/comedy show host here in the US.

	08-03-2005 06:01									#153
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a cultural reference then. he does look like I did on my 16 y/o passport pic... ... indeed.

	08-03-2005 06:42									#154
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quote: Originally posted by pchang Well...there goes another promising thread down the drain...

You had much too high of hopes.

Some people hate good news and use it as an occassion to vent their spleen. How dare a lot of people get good new jobs?!

	08-03-2005 09:20									#155
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quote: It is called the economic cycle. After a period of economic expansion, you have a downturn.. it is natural. But you deny facts.

so in other words, reagan's policies didnt lead to a boom in the 90s if there was a bust cycle. it was then clintons policies which led to the boom in the late 90s.

	08-03-2005 12:01									#156
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There is a cycle... policies put in effect from previous boom periods impact future booms. Clintons policies lead to the boom in the late 90s? Keep dreaming. That was private sector driven.

	08-03-2005 12:03									#157
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quote: There is a cycle... policies put in effect from previous boom periods impact future booms

link?

	08-03-2005 14:18									#158
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quote: Originally posted by DanS You had much too high of hopes. Some people hate good news and use it as an occassion to vent their spleen. How dare a lot of people get good new jobs?!

I'm sure the motivation behind this thread was strictly economic also! Had 0% to do with politics!

	08-03-2005 14:19									#159
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quote: Originally posted by Lawrence of Arabia link?

http://www.missturkey.com.tr/turkis..._gallery_tr.htm

	08-03-2005 14:30									#160
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quote: Originally posted by Lawrence of Arabia so in other words, reagan's policies didnt lead to a boom in the 90s if there was a bust cycle. it was then clintons policies which led to the boom in the late 90s.

The boom of the 90's was fueled by easy credit and technology advancement. The easy credit was made possible by Clinton reigning in the budget deficit and thus lowering interest rates. Technology innovation was just a lucky chance.

Reagan's tax cuts did well for growth in the 80's but his massive deficits resulted in the Bush Sr.'s reccession because he had to raise taxes in order to help recover from Reagan's deficits.

	08-03-2005 14:32									#161
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Again no oerdin. Reagan's "massive" deficits did not result in the recession when Bush Sr was in office. That was a normal cycle after a hot period of growth. You don't want the economy overheating now do you? That leads to inflation like what China is experiencing. Technological innovation also was starting off in the 80s..

	08-03-2005 14:35									#162
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Ok, most economists will disagree with you though.

Reagan ran up the credit card and left Bush Sr with the bill so when he raised taxes the result was a reccession.

	08-03-2005 14:37									#163
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quote: Originally posted by Oerdin Ok, most economists will disagree with you though.

No they won't. In fact most agree there is a such thing as the economic cycle. A boom and then a bust period. Reagan's policies made the boom period last longer.

quote: Reagan ran up the credit card and left Bush Sr with the bill so when he raised taxes the result was a reccession.

Again no. Reagan's deficit was not the sole cause of the recession. It was because the economy was starting to overheat. And the 1991 recession was nowhere near as bad as the Carter recession.

	08-03-2005 14:43									#164
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Carter didn't cause the 1982 recession. Reagan wanted to control inflation so he raised interest rates. That's a valid policy move which did control inflation but it resulted in a very big recession which spread to Canda and most of Latin America.

	08-03-2005 18:00									#165
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quote: Originally posted by Oerdin The easy credit was made possible by Clinton reigning in the budget deficit and thus lowering interest rates.

I have my doubts about that. Taxes were raised to balance the budget. That just moved money around instead of creating more of it. The low interest rates were caused by the lack of inflationary pressure and Fed lowering.

	08-03-2005 18:02									#166
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quote: Originally posted by Oerdin Reagan wanted to control inflation so he raised interest rates.

That's not the president's job. It's the Fed's job.

	08-03-2005 23:34									#167
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there are some people here who have no clue. . . i hope those who are will never be in a position to make any decisions that relate to economics.

	09-03-2005 01:41									#168
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Just to point out a major problem with your reasoning Giancarlo...

quote: Originally posted by Giancarlo It is a popular misconception that Presidents Bush and Clinton inherited large deficits "baked in the cake" from Reagan policies. When Reagan left the White House in January 1989, the fiscal outlook was expected to continue to improve rather than worsen. In that month, the CBO released its long-term forecast for the economy and the budget deficit. Table 7 shows that the deficit was expected to continue to fall steadily to $110 billion and 1.5 percent of GDP by 1995.

Those forecasts were bases on continued growth of around 3% in the economy, but as you say...

quote: Originally posted by Giancarlo The economy works in cycles, and after a period of expansion there is usually a slow-down or recession. That's why the 1991 recession occurred.

So the forecasts were based on the economic cycle never happening (a consistant problem with CBO forecasts).

You can either claim that the fiscal situation was much better than is percieved or you can claim that the 1991 recession was a 'natural' occurance of the business cycle - you can't claim both (which is what you are doing).

	09-03-2005 02:04									#169
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quote: Originally posted by Giancarlo There is a cycle... policies put in effect from previous boom periods impact future booms. Clintons policies lead to the boom in the late 90s? Keep dreaming. That was private sector driven.

I agree, it was private sector driven, a private sector driven BUBBLE that is, caused by deregulation.

	09-03-2005 02:57									#170
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quote: I'm sure the motivation behind this thread was strictly economic also!

Hey, you seem to be forgetting that Roland always accused me of economic cheerleading during Clinton's term.

Of course, he could have said that because I didn't live up to his highly refined sense of dourness, and the dourness of all you killjoys in this thread.