zorbman said:

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It is true that your false claim is off topic.

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Phred, my true statement was on-topic as it was briefly mentioned to highlight the difference between the character of the current republican president and past ones. I didn't create a tangent-  if anyone did it was zap by devoting an entire paragraph to it.

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it would show respect to the thread's author to drop the tangent.

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I had already dropped it. And to be fair, you should warn zap as well. I know you sympathize with his position, but fair is fair.

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Nanny nanny poopoo zappa did it tootoo.

Phred said:

zappaisgod, when I suggested the "current recession" tangent be pursued in a separate thread, I meant the tangent should be pursued in a separate thread by all of us, not just zorb.



Phred

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The debt reached a postwar low in 1981, but more than tripled during the Reagan Era, due to the Republicans’ failed Trickle Down Economic Theories, which are again in practice in the GW Bush White House. Apparently, the idea is to give the rich all the money so they can spend it freely, with some of the leftovers trickling down to the peons to create enough of an economy for the wealthy to make more money. It works well for them, but not so well for the poor and middle classes.

Reagan started out as the head of the world’s richest nation – but ended with the U.S. as the world’s largest debtor. We were told then, as we are now, that the tide was irreversible that our children grandchildren would have to pay off this debt

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gettinjiggywithit said:

I'll try to get it back on track here. I don't understand the Regan hype. I have a different perspective on him.

His years were the "got a problem, take a pill" era. The pharmaceutical industrial complex boomed during his time.

He built up the Military Industrial complex, trying to intimidate The Soviets. The Soviets went broke first. We all saw what happens when you are so preoccupied with becoming The global super Military power, at some point, you go bust and collapse. The Military Industrial complex is what is threatening to collapse out economy now.

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His Era was the buy now pay later era, one of materialism, the yuppies, and designer labels , all funded by easy to get CREDIT CARDS, luring millions of Americans into major debt, trying to support an image they couldn't afford.

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• In 2003, the average credit-card debt of US households with at least one card was $9,205, up from $2,966 in 1990, according to the research firm CardWeb.com.

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The personal savings rate in the United States averaged about 8 percent from just after World War II through the 1980s. But since 2000, it has averaged just under 2 percent, according to the Bureau of Economic Analysis.

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Then, we had regonomics and the trickle Down Theory. Debatable how well it worked and opinions vary based on which side you talk to, the top or the bottom. My opinion is that, the top benefited the most by it and the bottom got very little trickle in their wells.

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In short, I think the Regan era is where America made a lot of ugly turns.

In his defence, i think he started out a decent man with a lot of common sense. That is the man Paul supported and helped to get elected. Paul turned on him, when Regan sold out.

After the assassination attempt, he changed, as if, he felt threatened to toe the Agenda of the elites, and if he wouldn't, VP Bush Sr. would.

I just think a lot of ugly turns for America were made during his terms.

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gettinjiggywithit said:

I forgot to add a biggie to my above ugly turns list during the Regan era. Regan quadrupled that National debt during his term. What's so fiscally conservative about that?

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zappaisgod said:

Defense spending is 4% of GDP. Much less than our entitlements.

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