Rey C.
Racing is life... anything else is just waiting.
His first two years were dealing with stagflation stemming from 1976-1980.
Considering that Reagan didn't take office until 1981, that was quite a feat, eh? :1orglaugh
I don't really care to :horse: (no pun intended or offense to Reagan), but economic facts, data and history are not with you on this one, Trident. I was actually something of a Reagan fan during that time. I was a college kid, studying Econ at a conservative university, and if you couldn't wrap your mind around Supply Side Economics, you'd either have to select a different major or transfer to a different school. I chose to stay. So I was down with the Laffer Curve, etc. I've since realized the flaws within Supply Side Theory, just as there are flaws within Demand Side Theory. But as you try to make the Obama stimulus plan out to be a complete failure, it might help you to know that roughly half of the stimulus was made up of tax breaks, credits and rebates. Ya know... the very things that form the basis of Supply Side Theory.
I understand where you're coming from though. You're a fan of Ronald Reagan, just as, for example, I am a fan of Ayrton Senna da Silva. In my mind, Senna did no wrong... and could do no wrong. I'll slap a Prost fan in the face to this day if he speaks ill of The Great One. But ya know, I fully realize and accept that I can become irrational and loosey-goosey with the facts and the truth when I get on a good Senna rant. Some say that my eyes change color. Some say that my voice lowers six octaves and I go Exorcist. No one really knows. But Baconsalt was a Prost fan. And you haven't seen him around lately, have you?
Jokes aside, the truth is, things were not as rosey under Reagan as you're trying to make them out to be - and they're not as bad under Obama as you're trying to make them out to be. But I "lived" the 80's. Hard! I should probably be in a graveyard now. But someone up there must have felt sorry for my wild, dumb ass, I guess. I "made my bones" in the 80's. Net/net, dude, I fuckin' LOVED the 80's!!! :banger: I made more money in a shorter period of time than I thought a kid like me ever could. But I also watched my father sell a family farming operation that we'd had for over 100 years because farming was no longer profitable or worth the effort. Yes, stagflation... and then the high interest rates that Volker (Reagan had NOTHING to do with monetary policy) imposed to kill it. And yeah, I studied that era as it whizzed by me. Carefully. My memory is not as good as it used to be, but it's far too often that people speak of Reagan these days as if he was some sort of god-like figure. Like a modern day Caesar Augustus. Yes, it was the start of a long period of growth. But it was also the start of the U.S. falling into net debtor nation status... from which we have never recovered. We entered into a balance of trade deficit in the mid 70's (before Reagan), it got worse under Reagan/Bush, got even worse under Clinton (NAFTA, etc.) and went to total fucking hell under W. Bush (that "free market capitalism" wasn't exactly what the Club for Growthers and Chamber of Commerce claimed it would be, huh? ). Oddly enough, it's actually leveled out somewhat under Obama. Though part of that is because we've been in a recession and demand has been down. No need to come to Reagan's defense with me. I'll just post a graph or a data set from the Fed, CBO, Bureau of Labor Stats or the Foreign Trade Div. of the the U.S. Census Bureau and have another beer. I'm not trying to fight with you. Be a fan of whomever you want to be a fan of. Cool with me. But even though I was born at night... it wasn't last night. M'kay? :google: before making claims. I'm just sayin'.
So look, the bottom line is, as I said, you're a major fan of Reagan. And that's perfectly cool with me. But aside from being entertaining, selective, revisionist history does not a good point make. :hatsoff:
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P.S. Prost was at fault for running into Ayrton in 1989 at Suzuka. And when Senna took his frog ass out in 1990, he had it coming to him! Senna was ALWAYS right!!! As I remember it, he won every race he entered!