06-02-2002 06:35									#31
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Noticed you shifted from 'one survey course' to 'shiny eye economists'.

Fits you trying to make people think you were't wrong in the first place.

	06-02-2002 06:36									#32
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I most certainly hope Bush can live up to the Reagan legacy. Just as Reagan defeated communism, let us hope Bush can defeat islamic fundamentalism.

	06-02-2002 06:37									#33
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O.K. Let me be clear: I don't care if you've taken 111 survey courses. Try actually living on these economies before you donate to the Bronzed Reagan's Penis fund.

	06-02-2002 06:39									#34
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quote: Originally posted by Shi Huangdi I most certainly hope Bush can live up to the Reagan legacy. Just as Reagan defeated communism, let us hope Bush can defeat islamic fundamentalism.

there's a bit of difference, communism wasn't around long enough to imprint itself on the country, islam on the other hand has been around a long time. and oh yeah, islam doesn't make your economy go to pot, besides eagan just sat there and said, "tear that wall down!" he was in a great position to get the credit fo rending communism when he had almost nothing to do with it

	06-02-2002 06:40									#35
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How did I miss a Reagan bashing thread?!?!

Oh well, Yin and Horse have spoken for me... :sigh:

I never get to have any fun

	06-02-2002 06:44									#36
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quote: Originally posted by yin26 O.K. Let me be clear: I don't care if you've taken 111 survey courses. Try actually living on these economies before you donate to the Bronzed Reagan's Penis fund.

Maybe you should actually understand economics before trying to speak on it.

	06-02-2002 06:45									#37
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quote: Originally posted by Imran Siddiqui Maybe you should actually understand economics before trying to speak on it.

Reagan's economic policies were extremely unstable Imran...you keep pointing to 1989 for some reason, well how about 1987?

	06-02-2002 06:47									#38
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I'd love to hear Imran's defence of Reaganomics

	06-02-2002 06:47									#39
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What about it? A 500 point drop in the stock market that was made up within 2 weeks? A non-issue.

	06-02-2002 06:48									#40
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quote: Originally posted by Alexander's Horse I'd love to hear Imran's defence of Reaganomics

Actually I don't defend supply-side economics (it doesn't work), but he didn't mess things up as people like to think.

	06-02-2002 06:51									#41
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LOL! Sure, Imran. Maybe all I need is one of those sruvey courses that has led you to the conclusion that Reagan's economy was a success?! Thanks ... I can get a wrong education simply reading Newsmax.

	06-02-2002 06:52									#42
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quote: Originally posted by Imran Siddiqui Actually I don't defend supply-side economics (it doesn't work), but he didn't mess things up as people like to think.

Okay, well I'd like you explain that comment then

You don't support Reaganomics but you don't think he "messed things up"

	06-02-2002 06:53									#43
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quote: If every country tried to avoid debt (ie, the constitutional amendment requiring balanced budgets) you'd see a Depression as bad as the 30s.

But there IS a depression and right now every country DOES try to avoid debt: this is the IMF policy for restructuring problematic economies and more or less the EU policy for aligning candidate countries with the EMU. Argentina f.e. tried hardly to reduce debts and it's economy collapsed.

I wonder, if this miraculous IMF policy really works, why the hell don't the USA follow it themselves?

The same question could be asked about free trade and a couple more stuff.

I have a reason for you, but you probably won't like it:

IMPERIALISM


As for spending, it isn't private spending only that boosts the economy. Public spending does the job equally well. Even military spending does the same thing, if you have a national weapons industry like the US does, but military spending is obviously detrimental, since it will be junk if left unused and it will bring disaster if it is used (destroying wealth in the process). So the only way is social spending, or direct investments. Your only way to save capitalism, it is to go socialist.

Nah! All this situation is just another effort to reverse the DTotAPP...

	06-02-2002 06:57									#44
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quote: Originally posted by Imran Siddiqui What about it? A 500 point drop in the stock market that was made up within 2 weeks? A non-issue.

The economy is not just about the stockmarket. How about unemployment rates???

	06-02-2002 06:59									#45
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quote: You don't support Reaganomics but you don't think he "messed things up"

No, supply-side really doesn't work according to what it is supposed to be able to do. However, tax cuts can do wonderful things to an economy in tatters like in the late 70s. If he tried it in, say, the mid 50s, it wouldn't have worked too well. The time was really good for the policy.

And of course his main legacy success was his chaning the mood of ordinary Americans. A sea change in thinking about government and America's respect and role.

	06-02-2002 07:00									#46
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quote: Originally posted by orange The economy is not just about the stockmarket. How about unemployment rates???

Went down by half in the Reagan years.

	06-02-2002 07:01									#47
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quote: Originally posted by Imran Siddiqui And of course his main legacy success was his chaning the mood of ordinary Americans. A sea change in thinking about government and America's respect and role.

By telling them "Government is evil. Fear the government. Hate big government. Government is the root to all evil!"???

When he could have been encouraging more participation in the government, and using the government for good rather than his evil Iran-Contra Star Wars spending sprees?

	06-02-2002 07:01									#48
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quote: chaning the mood of ordinary Americans

Again, one has to ask: How does an 8 year old measure the mood of America at that time? You reading the Guide to America's Mood Index again? Basically, you think his great legacy is in making Americans "feel" powerful again?

	06-02-2002 07:05									#49
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quote: Originally posted by yin26 Again, one has to ask: How does an 8 year old measure the mood of America at that time?

Exactly. Reagan and Black dragon were in kindergarten or primary school when Reagan was around. They don't remember rust belt theory or how depressed the U.S. economy was under Reagan. Reagan didn't turn that around, he caused it.

	06-02-2002 07:06									#50
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quote: Originally posted by yin26 Again, one has to ask: How does an 8 year old measure the mood of America at that time? You reading the Guide to America's Mood Index again? Basically, you think his great legacy is in making Americans "feel" powerful again?

I tend to read things .

	06-02-2002 07:09									#51
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quote: Originally posted by Imran Siddiqui Went down by half in the Reagan years.

That's odd, US Bureau of Labor statistics says different...

http://www.bls.gov/opub/rtaw/pdf/table58.pdf

1980: 8.4 5.1 4.3 1.9
1981: 10.1 6.2 4.5 2.2
1982: 12.5 8.5 6.4 3.0
1983: 15.8 10.0 7.3 3.5

(Numbers left to right: Year, unemployment rates for HS drop outs, HS grads, 1-3 years of college, college grads)

	06-02-2002 07:09									#52
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So his economics didn't work but because some book probably written by a cronie says Reagan changed the "mood" in America --and all good econ students know precisely how to quantify 'mood,' apparently -- you think he's (one of) the greatest president(s) ever...

Hello?

	06-02-2002 07:14									#53
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quote: Originally posted by orange That's odd, US Bureau of Labor statistics says different... http://www.bls.gov/opub/rtaw/pdf/table58.pdf 1980: 8.4 5.1 4.3 1.9 1981: 10.1 6.2 4.5 2.2 1982: 12.5 8.5 6.4 3.0 1983: 15.8 10.0 7.3 3.5 (Numbers left to right: Year, unemployment rates for HS drop outs, HS grads, 1-3 years of college, college grads)

Um... what about TOTAL unemployment?

	06-02-2002 07:16									#54
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Those were the numbers for total Unemployment.

	06-02-2002 07:17									#55
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quote: Originally posted by Imran Siddiqui Um... what about TOTAL unemployment?

That does encompess the total population, genius.

Or was there some sort of child labor going on?

	06-02-2002 07:17									#56
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Hey Yin, you and I should tag team more often

	06-02-2002 07:17									#57
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...or did you want those under 25 and over 65 included, because according to the chart I provided, they weren't included in the study...

	06-02-2002 07:20									#58
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Take note children and newbies: Threads where Imran crashes and burns are almost an Apolyton tradition. I don't know why some of you kiddies think he has what it takes for future leadership..............

Oh Yeah!

You were thinking of Reagan and Dubya

	06-02-2002 07:25									#59
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AH: With me laying down suppressive fire and you going in for the kill, it's quite like poetry. Something beautiful! Add in Orange and Osweld here and it's more than beautiful. It's inspiring!

	06-02-2002 07:28									#60
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Oh, orange... just realized something (no wonder)

You DO realize that chart is until 1983... sorry, I remember Reagan's adminstration lasted until 1989!

Deliberatly taking numbers that show the worst and ignoring those that don't show the whole picture?

We were still in recession in those years. FED chair Volker was clamping down on inflation... which leads, naturally to higher unemployment (inverse relationship). And they did clamp down. Afterwards the economy took off

Try to tell the whole story next time, k?