What Reagan started has been progressively destroying America for the last thirty years. (Yahoo Voices: How Three Decades of Reaganomics Destroyed the American Economy)
There's nothing particularly complicated about it as the tax rate on the rich was 70% before Reagan took office. He slashed that rate and it's never gone back up again. Income to the state was drastically reduced and the country has been going bankrupt ever since. This is the glory of trickle down. First it trickled all over the poor. Now it trickles all over the middle class and now, suddenly, they're interested.
You can argue about which President bought the most military weapons (Reagan and Bush the Lesser) but that really doesn't matter so much as all of them will find ways to spend money. What makes the difference is who made sure there would be no money to pay the bills and that goes directly back to Reagan.
Many are well pleased with the stock market and it's dance with 16,000 points but those are directly invested in it know better than others that it's all a bubble. It only takes the right pinprick to make it all fall down, Greenspan made sure of that.
So it's still not clear whether Reagan or Obama is the Worst American President of All Time. Reagan did the most damage to the American economy but Obama did the most damage to American integrity. It's still a tough call ... or maybe just call it a tie and tar and feather both of those bastards.
There's nothing particularly complicated about it as the tax rate on the rich was 70% before Reagan took office. He slashed that rate and it's never gone back up again. Income to the state was drastically reduced and the country has been going bankrupt ever since. This is the glory of trickle down. First it trickled all over the poor. Now it trickles all over the middle class and now, suddenly, they're interested.
You can argue about which President bought the most military weapons (Reagan and Bush the Lesser) but that really doesn't matter so much as all of them will find ways to spend money. What makes the difference is who made sure there would be no money to pay the bills and that goes directly back to Reagan.
Many are well pleased with the stock market and it's dance with 16,000 points but those are directly invested in it know better than others that it's all a bubble. It only takes the right pinprick to make it all fall down, Greenspan made sure of that.
So it's still not clear whether Reagan or Obama is the Worst American President of All Time. Reagan did the most damage to the American economy but Obama did the most damage to American integrity. It's still a tough call ... or maybe just call it a tie and tar and feather both of those bastards.
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