Jubbergun wrote:
Aestu wrote:
The article talks up SOARING GROWTH but those numbers
are typical for the entire postwar period. Do we say Clinton is an economic genius because he saw higher growth?
Post-what war? If you're talking about WWII, then they were obviously not typical for the years preceding Reagan's election.
Obviously. Because we were in a depression. Was Reagan causally responsible for breaking it or did it self-correct?
Correlation =/= causation.
Especially since Clinton did the opposite.
Jubbergun wrote:
Aestu wrote:
So...where's the evidence Reagan is causally responsible for any improvement in the economy?
The article discussed that. It was, in fact, the
point of the article, which was comparing the application of more standard economic principles under Reagan to the application of Keynesian economic principles under Obama. I would think someone who has spent his entire life in an educational setting would have developed at least some basic reading comprehension. Given the questions you ask sometimes, you'd have thought what you read was written in Japanese, transliterated into Sanskrit, turned into a word puzzle, then run through Google Translate.
Point =/= evidence
Jubbergun wrote:
Aestu wrote:
GDP doesn't tell the whole story either. Does the rich getting richer mean life gets better for anyone else? Idk, go ask Marie Antoinette. Most Americans continued to see their lives get worse during the 80s.
"Most" Americans didn't think that was the case in the 80s. I know, I was there. Despite your revisionist history, the 80s kicked ass...which is why so many people old enough to remember Reagan's presidency still think he was pretty swell.
Neither of us is old enough to remember the 80s clearly. Elementary school is not an 80s experience.
Jubbergun wrote:
Aestu wrote:
Quote:
In any case, what Reagan inherited was arguably a more severe financial crisis than what was dropped in Mr. Obama's lap.
Did he inherit a war on two fronts? Or the kind of serious imbalance there is between China and the US?
You probably don't remember this, but the COLD WAR was a pretty big deal, and the COLD WAR military was fairly expensive. I also seem to remember a lot of bleating back then about how Japan was going to end up owning everything in America. So yeah, a 'war' on multiple fronts
and a 'serious imbalance' with an Asian country? CHECK.
Cold War =/= Hot War
Especially since we are still paying almost all the upkeep costs from the Cold War.
Jubbergun wrote:
Aestu wrote:
Quote:
But that borrowing financed a remarkable and prolonged economic expansion and a victory against the Evil Empire in the Cold War.
LOOK OUT GUYS ITS A COLD WAR ZOMBIE
OMFG WTB SILVER BULLETS
Soviet Union collapsed from within. Even arguing that the US directly caused the fall of the Soviets - which it didn't - are we better off - or spending less on the military now - with the Soviets gone?
Communism wasn't sustainable, but Reagan's policies ratcheted up the pressure that brought down the house of cards. The military spending the Soviets engaged in to "keep up with the Jones" put pressure on their social infrastructure, which led to the upheavals that brought about Glasnost and the eventual break-up of the USSR.
The proof that this is false is that:
- China didn't need external pressure to give up planned economics.
- Cuba, Iran, Syria, Burma and North Korea have been under intense pressure and spending most of their GDP on the military for decades. No change.
- A lot of Communist regimes that weren't spending most of their dough on defense, and were in better shape than the Russian SSR, also fell.
- The Berlin Wall fell before the Kremlin did, despite East Germany being relatively well-off by Warsaw Pact standards and better off than many non-Communist nations.
Jubbergun wrote:
Are we better off without a major nuclear power funneling money to countries to support communist revolutions (especially in this hemispere)? Are we better off with the former USSR and its satellites as countries that share common cause in many areas? Are we better off without a(nother) dictatorial country looking to spread its influence globally? Without the USSR as a military opponent? Duh, gee, I dunno, George.
Arguable. If nothing else, the Soviets brought stability. Where do you think Iraq, Iran, China, and pretty much every other rogue state gets their weaponry?
The USSR was never a military opponent any more than the EU. It was a conflict of choice stoked by opportunistic politicians.
Jubbergun wrote:
Aestu wrote:
This is really what this whole article is about. A bunch of unsourced "quotations" and Mark Twain statistics from a propaganda-spewing Reagan zombie. And as we see, it works on people who think they're really clever and on the inside track even though the hard facts and data show clearly it's all a lot of bull.
Reagan didn't end the national depression. The Information Revolution did, and only temporarily. Presidents have very little power over the economy other than not fucking it up (which Reagan definitely did by running up huge debts).
You wouldn't know hard data from your asshole, but that's mostly because that's where most of your "facts" appear to originate, which is probably why you have to remind us that "this isn't a court of law" when we challenge your half-baked assertions.
So, what, you think the prosperity of the 90s was driven by...industrial growth?
http://www.ifm.eng.cam.ac.uk/ssme/refer ... ssme07.pdfQuote:
Apte and Nath [4] establish that the US in 1997 was already an information economy, with over 60% of GNP attributable to primary and secondary information sectors.
Jubbergun wrote:
The fact remains that our "recovery" wasn't much of a recovery, and that the policies advocated by the current administration aren't working. The policies instituted in the early 80s did...which isn't surprising since they were modeled on policies that had previously worked during the presidency of John F. Kennedy. What worked under Reagan wasn't unique to Reagan, or republicans, or conservatives.
JFK was president for three years (not eight), and inherited (and left behind) a prosperous country with unchallenged economic dominance.
You're right, it wasn't.
W Bush did the same thing Reagan did, and he didn't get results. I don't see you blaming him or his approach. Conversely, Clinton and FDR did something else.
Again, you simply have no evidence that Reagan's policies were causally effective, or that there is anything the president (of any political stripe) can really do about the economy.
Your entire argument is based on a single correlation between Reagan and the 80s, in a vacuum, ignoring many contrary trends and the absence of actual evidence proving the correlation is causal.