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Thread: AIG exit plan to slash U.S. bailout costs-official

  1. #31
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    Re: AIG exit plan to slash U.S. bailout costs-official

    [QUOTE=Lord Tammerlain;1059017361]Which he then promptly increased by increasing Social Security taxes Not due to anything Reagan did, Paul Vocker raised the fed funds rate, caused a very large recession to get rid of inflation again not due to anything Reagan did The tax cuts caused large government deficits, which caused US federal government debt as a % of GDP to increase by over 20% during the Reagan admin. It was the deficit spending that provided the majority of the growth during the Reagan admin, remove that spending and economic growth would have been minimal
    Not tax cuts, government stimulus Yet government debt as % of GDP increased even faster
    [QUOTE]

    The Reagan admin was not fiscally responsible, not by a long shot, it increased government debt as % of GDP not seen in the US since WW2. Nearly every admin from WW2 to the Reagan admin either lowered or generally maintained % debt to GDP (possible exception being Nixon. Carters record on that record is by far better then Reagan.
    Why do foreigners always insist they know more about American politics than Americans??

    If an American was to do the same it would certainly smack of 'Arrogance", a charge leftist Europeans are often making against Americans.

    I know Leftists everywhere tend to be a little dim but it seems Eurolefties always try to go that extra mile.

  3. #33
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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Councilman View Post
    What is really funny is you don't know what the hell your talking about even a little bit.

    First I wasn't even signed onto this site until 04-25-09 so at least try to get a grip on reality and a few the facts that always seem to go the way of the Great Auk when ever one of your ilk goes on the attack an choose to use minor points that have nothing to do with the topic at hand, and then add made conclusions in another failed attempt to appear clever.

    FYI I am a retired Reporter, Radio Talk Show Host, and politician and was very busy until I retired going after Bush's wasteful spending on the wars in Afghanistan and Iraq comparing the money spent with the costs of WW-II is today's dollars and it is frightening to see that we spent more in a few years in two small countries than we spent in four years fighting around the world.

    I also apposed many of his other actions on a regular basis. You see Pal I am a Conservative not a republican and I am all about what is for what is good for our Nation in general and "WE THE PEOPLE" specifically.

    Bush did run up the debt and it was wrong and the prosecution of wars justified or not, the cost was way (BEEPING) more than it should have because the Military farms out too many of the functions they used to handle in house like transportation of supplies and the meals being prepared by by contractors at exorbitant costs.

    Companies like Backwater soaked us all.

    Obama has now Nearly doubled the Bush debt in two years to over13 trillion dollars and it's climbing too fast to read.
    Just try to read it/
    Defeat The Debt
    what's truly pathetic, by my view, is anyone who would attempt to make YOU the topic of this discussion

    that said, you speak for yourself very ably

    you're actually interesting, unlike most the personality prone posters around here

  4. #34
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    Re: AIG exit plan to slash U.S. bailout costs-official

    [QUOTE=Grant;1059017388][QUOTE=Lord Tammerlain;1059017361]Which he then promptly increased by increasing Social Security taxes Not due to anything Reagan did, Paul Vocker raised the fed funds rate, caused a very large recession to get rid of inflation again not due to anything Reagan did The tax cuts caused large government deficits, which caused US federal government debt as a % of GDP to increase by over 20% during the Reagan admin. It was the deficit spending that provided the majority of the growth during the Reagan admin, remove that spending and economic growth would have been minimal
    Not tax cuts, government stimulus Yet government debt as % of GDP increased even faster

    Why do foreigners always insist they know more about American politics than Americans??

    If an American was to do the same it would certainly smack of 'Arrogance", a charge leftist Europeans are often making against Americans.

    I know Leftists everywhere tend to be a little dim but it seems Eurolefties always try to go that extra mile.


    I am not a euro lefty

    And is anything I stated wrong, and can you prove it with facts if I am?
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  5. #35
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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Councilman View Post
    One last post on this thread in answer to the BOGUS revisionist claims that Reagan caused some kind of economic problems here are some facts you can either digest or choke on.
    t.
    Reagan caused a huge economic problem. Of course you revisionists always selectively forget about the savings and loan collapse that cost the taxpayers 170 billion dollars. Some of you seem to live in your own little world, ignoring reality.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

  6. #36
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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Councilman View Post
    Why is it Liberals and those claiming to Others are so quick to try to put works in others mouths.

    You have no earthly idea what anyone was doing or saying bout what happened back in the 80s and besides it is not a part of the facts in question today.

    It is so childish, it's like when 10 year old Jimmy gets caught stealing cherries off a tree and when he's confronted he says: 'Well oh yeah! Billy stole some Cookies."

    Obviously one thing has not one damn thing to do with the other. This comes under WT* Over.

    What would have happened had the Trifecta of Doom, Obama, Pelosi, Reid and the dumb ass Congress had not continued the mistake of the Bailouts, we would be where we are headed, no. Down the toilet because spending money you don't have on plans that don't work, while pushing for massive Tax Increases from the phony Health plan, and over Cap and Trade, that will further kill the job Market and either continue the rescission or push us into the planned result of Obama following the Cloward & Pevin Strategy.
    No, I do actually know what people I talked to said. You go on any number of boards and find republicans arguuing that deficit spending don't matter. Many argued in support of Bush's spending.

    And if you were alive during the 80's, and paid attention, many argued the same with Reagan. So, no mind reading was required.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by The Prof View Post
    per the pollyannish report issued by the veep's office yesterday: 70% of recovery act money (we're not allowed to use the s-word) has been spent, 551B, creating or saving or accounting for with a ridiculous lack of credibility 1.5M jobs, at a cost of almost 400K per

    it was in the news

    washingtonpost.com
    I can't speak to the effectiveness (or ineffectiveness) of the ARRA. For now, I'd say the verdict is still out since the only "equity" the States or the People will see out of it is "sweat equity", i.e., rebuilding bridges, repairing or laying new roadways, building mass transit systems or laying new routes (i.e., high-speed rail), etc., etc.

    Until the States start taking private-public projects more seriously instead of using most of the ARRA money to prop up their own budgets (much like the banks and AIG did), improvements in our nation's infrastructure will continue to be put on hold.

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