HunterCA
Posts: 2343
Joined: 6/21/2007 Status: offline
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ORIGINAL: mnottertail Nothing could be further from the truth. Kennedy stimulated our economy across a very wide front. Reagan was only concerned with Defense. Kennedy tried to cut taxes across the board. 'Republicans' rejected it. It didnt pass until LBJ. Reagan was only concerned with the highest rates. Kennedy was still in the Tariff era, and wanted to open reciprocal trade. Reagan was a full out free market communist. And the largest move to unfettered military-industrial complex, and monopolization and amoral corporatism took place under Reagan. Actually, to Reagan's credit, he removed a lot of loopholes (of course, over the years, Republicans have been creating new ones). He actually got rid of some very high rates, which no one was paying, which in turn re-patriated some money. Also, his massive borrow-and-spend defense spending, was actually a stimulus program somewhat similar to Obama's. In fact that massive defense spending help explode my own field of Information technology, as defense contractors helped spur development and use of Mini-computers, which in turn led to more Unix development, and 3-tiered client server apps. Not saying he planned that, just that it happened :) Okay, I call truth. http://www.econlib.org/library/Enc1/FederalBudget.html So my question is, why do we want to give more power to the Feds? Actually Reagan did consciously push for technological gains, aka "Star Wars" With Obama we got Solyndra I was right in the middle of that. Lord I had people coming to the city where I ran O&M and promising the holly grail. I was particularly interested in a company developing new battery technology. I wanted the technology to work because I live off the grid. All of the guys coming to me were Phd phsiscists who lost there jobs in nuclear physics when Reagan shut done the Soviet regime and nuclear bombs were no longer vogue. No more nuke programs. It all went bust. All of the money Obama poured into it went to his leftist constituents. And nothing came out because the physics just isn't there no matter what the leftists proclaim. Frankly, I still think the battery technology would have been benificial to me living off grid. But then system failed with the whole Obama weird Keynesian spending thing. Leftist economic theory just does not work....ever.
< Message edited by HunterCA -- 4/30/2015 9:25:00 PM >
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