All I am saying, if I was locked in a room with Hitler, Bin Laden, and Reagan. I had a gun with two bullets. I would shoot Hitler and Bin Laden. Then proceed to beat Reagan to death with a giant purple dildo.
I almost wish there was a hell, so I could go to there and beat the shit out of Ronald Reagan.
There is. You're living in it now.
It always felt weird to me growing up with all the past presidents still alive and making appearances, but Reagan just fucking disappeared. I don't even know how they died. I'm gonna go look it up. He got Pneumonia at 93 in 2004 while living in LA. I guess that's fitting for a former actor.
Republicans I know: "Gas is too high and it's Bidens fault!"
Me: "Actually, 203 Republicans voted against a bill to stop predatory gas prices and 0 voted to support it."
Republicans I know: "Cause it's too expensive to enforce. We all know it's another govt law to hold over us."
Fucking idiots.
Oh yeah price cap. I'm sure that would've solved all our problems
It wasn't a price cap. It was about gouging during natural disasters like hurricanes.
It does in Europe
Literally earlier this day I saw a bumper stick on a car in the Target parking lot which said "I miss Reagan" (or something like that).
I wanted to vomit.
Fuck Reagan.
Yeah I guess you'd have to be pretty rich to afford a mid-90s Ferrari in the 80s
You’re telling me I could’ve had a fucking Ferrari? Damn you Reagan
Well, if we're talking about the ultra rich they're on massive boats now.
But yeah, Middle Class is almost gone now.
I think we detracted hard on how much affect Reagan as an administration did and its ripple effects vs a concrete proof of policy change. We can sit around jerking eachother all day about how the system became and what had bigger implications. I was just saying even if Reganomics had influence on why we got rid of glass steagall, the fact that we STILL dont have the appropriate regulation baffles me. I refuse to blame 40 year old politics and blame the current people not putting laws forward to make the changes we need. We repealed Steagall and not more than 3 years later, the fucking lawyers who pushed clinton to sign at Meryll Lynch got caught with misleading research that gave credence to the whole removal in favor of investment banking.. And we STILL dont want to bring it back, the Clintons STILL stand behind the removal. The last time I heard any propositions made to bring more banking regulation was back when elizabeth warren was trying to bring some way back in 2017. I feel like im on crazy pills
Oh yeah, I get a ton of crap for refusing to accept the Democrats' constant excuses for why they can't get anything done.
We need to hold both parties accountable. But most people who talk politics online are too scared to criticize Team Blue because Trump exists.
That shopping cart is way too loaded to be poor. By that year if you can afford more than a single grain of rice, you are gonna be considered filthy rich. If you have even a gram of fat on you or any muscle or energy in your body, you'll probably be considered filthy rich.
There has been 6 presidents since Reagan, how is our current economy his fault?
Because actions can have long term consequences, and fixing those consequences can take a long time. Especially when people invested in the status quo hold a lot of power.
He's not solely responsible, but he was a gatekeeper of a lot of shit that was let loose during his tenure.
He undid a lot of protections that were put in place after the Great Depression, and it's been taking forever to fix them. Like stock buybacks.
Just like how we cut taxes to the rich under Trump and are now running a budget deficit.
Reagan gutted federal oversight boards from the FCC to the SEC, he was explicitly the anti-regulatory president who preferred self-regulated corporations. Reagan lowered the highest tax rate from 70% to 37%, and due to the aforementioned changes these companies were able to use the excess funds on Stock Buybacks rather than reinvesting into the industries. The US Federal Government has been rocking back and forth in and out of massive federal deficit, last having a surplus under the short Clinton administration, as a result the Federal Government is constantly cutting or limiting social programs like food, healthcare, veterans care, retirement funds, etc. Reagan was a turning point in wages in the United States, and while that isn't necessarily directly his fault there is no debating that his presidency aligns perfectly with the beginning of the current ever widening wealth gap and wage stagnation, likely because of the aforementioned stock buybacks taking priority over investment in the business. USA Industry has not taken off in the ways he expected it would, in fact since the 80s the USA has floundered compared to the EU or China in terms of industry, as a measure of GDP Growth Rate, and prosperity, as a measure of average health and happiness. One other factor than Reagan in this might be the Civil Rights Movement from the 60s, more than a decade before Reagan, which has lead down the long path of political polarization of congress as a result of Democrat President Lindon B Johnson being the one who signed the Civil Rights Act as well as several Welfare laws including the creation of the S.N.A.P. food stamps. Still, Reagan severely damaged Campaign finance laws while fighting to end all limits to campaign finances, which also lead to politicians with more access to wealth having much better chances of getting into office and somewhat more political polarization on the basis of average campaign contributions being skewed. Under Reagan, the American Antitrust policy eliminated all section 2 cases of Monopoly, under his administration several large brands dominated markets in ways often compared to the Gilded Age market concentrations that preceded the Great Depression.
One step in the right direction to fix some of what Reagan broke would be to enact something like H.R.1 For the People Act that the Democrats put forward after retaking the Congressional House, but it was left to die under the Mitch McConnell senate leadership, then it was left out to dry in the 48D:50R senate divide despite 2 Independents caucusing with the D to make 50:50 and Vice President giving the tiebreaker vote to select a Democrat speaker, theres still not really enough support to pass large scale meaningful reform.
###So the TLDR version is he intentionally damaged our politics and regulatory systems in a way that we are not capable of fixing without some massive change in our society. Fuck Reagan.
If you have to ask....
Biden is Reagan's 11th term
He led the charge to get the US off the gold standard, which many regard as a bad move because it was. And this hasn't been reversed or adjusted since, which is why it is linked to this particular dipshit.
He led the charge to get the US off the gold standard, which many regard as a bad move because it was.
It was neither Reagan nor a bad move, and goldbugs are living in the 19th century, drinking too much laudanum for their own good.
It isn’t. People love to blame Reagan but his policies helped fuel the growth in the 90’s.
NAFTA is what destroyed the middle class. It’s the one black eye from an otherwise impressive run from bill Clinton.
My dad was a gm auto worker. Lots of time off until Regan’s policies kicked in then couldn’t work enough. Lost his job when nafta kicked in and they shipped it to Mexico.
If Regan’s policies were so bad then why haven’t the last three democrats presidents removed them ?
Here is an article on Reganomics. https://www.cato.org/sites/cato.org/files/pubs/pdf/pa261.pdf
https://www.cato.org/sites/cato.org/files/pubs/pdf/pa261.pdf
Pouring concentrated sugar down someone's throat will give them an energy boost, but there will be consequences if you do too much.
That was Reagan's policies. Most of the "wealth" generated only existed on paper.
Take GE as an example. They used to have a bunch of factories and products that they made in those factories. Then the 80s hit and Jack Welch took over as CEO. He scrapped the factories and had GE start outsourcing, well, everything. He also used the GE financial department as an illegal bank.
Anyway, the stock price went through the roof, because GE could always claim that they were making all sorts of profit with no expenses... except the truth was that they were basically just an unregulated bank with some product branding deals.
They've gone bankrupt a few times now.
That's how most of the Reaganomics worked. Paper profits as the real wealth went into the hands of the super rich.
Imagine citing the cato institute in 2023
