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Posted by: Tcaros 1 year, 3 months ago

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  Endoscopy1 year, 3 months ago
  
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  Swill for the pigs.
  
  You never think about the fact that when you raise the taxes for the rich they will put their money where after taxes they will make more money. That means shielding it from the taxes. Guess what happens then. Money is taken out of the economy. Money is no longer taxed. Tax revenues go down. Economy goes in the tank. Just like under Carter. Stagflation was the word for the 12.5% inflation, 18% mortgages, and almost 8% unemployment. Obama has the exact same fiscal policies that Carter had. You want to live through that again? Not me.
  
  Then some people here try to claim that we are almost as bad as the Great Depression. I lived under Carter. I had great raises then. That just kept putting me into higher tax brackets and I then had less effective money to spend. Looked good on paper but when you went to the store it was "OUCH."
  
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    ADAGUY1 year, 3 months ago
    
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    Her we go again, another one of your mis statements, and half truths.
    Are you really this misinformed, or do you just pretend not to know what caused the financial woes during the Carter administration?
    I notice you fail to mention that when Carter was elected, we were experiencing our first oil crisis, and the cost of energy was going nuts, and industry was shutting down! You fail to mention that he was handed this mess from Nixon. You also fail to mention that the only thing that really cured this mess was the war between Iran and Iraq which resulted in Saddam cutting crude prices all the way down to $14.00 a bbl. Not Reaganomics as you would commonly lead one to believe.
    This is the reason the most people don't take you seriously. When you lie repeatedly, they expect a lie everytime you post something.
    
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      Endoscopy1 year, 3 months ago
      
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      What a crock. You are forgetting your history. Ford was after Nixon. Ford was getting the inflation to go down mainly by using the veto for deficit spending bills by the Democrats. Then along came Carter. So the rise in gas was not Carter's fault? Then why is it Bush's fault? Carter instituted price controls and some other fiscal policies. At that point things went from bad to worse. Johnny Carson caused a toilet paper shortage by saying we had one as a joke. The fiscal controls and policies ended up after the oil shortage went away causing the stagflation that I mentioned. Things just kept getting worse and worse. Then along comes Reagan and what happened. Different fiscal policies and things got better. Just dumb luck I guess.
      
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        ADAGUY1 year, 3 months ago
        
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        Okay, if Reagan's policies were so great, why did he go into office with an 8 bill national debt, and leave with a 5 trillion dollar debt? Why did he never once balance the budget?
        And all this took place when he had the support of the dems. (You recall the Reagan democrats)
        Never, not once did he veto a bill only to have the house and senate overide his veto. So don't bother trying to lay blame on them.
        
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