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Originally Posted by Realgirls4me
I knew it. ...So all Reagan did was blow shit up the ass of the Soviet Union, as well as this country's citizens, along with turning this country from the largest creditor to the largest debtor nation, leave us with unprecedented debt and homelessness, and basically prove that trickle down does not work. Great legacy that Reagan left.
In the process defeating the Soviet union without having to fight a thermonuclear war by demonstrating finally the economic superiority of the capitalist system, and freedom in general. Not to mention reversing the economic malaise of the late 70's and early 80's. Which was done by lowering the top marginal tax rate from somewhere around 70% to about 25%, which created jobs and kick started the economy by freeing up capital for reinvestment in the private sector.
He once quipped. "Why has the media stopped calling it Reganomics? When the economy was doing bad it was Reganomics why not now that the economy is good?"
Now we are about to have the government invest in the banks and failing heavy industry, effectively socializing industry, and medicine. Pure bolshevism! Might as well move to China at least they won't make a pretense at being true capitalist while the collectiveize the people.