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View Diary: Flat Out Lying (189 comments)

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  •  Distorting American History (11+ / 0-)

    Complete erasure of the true record of Ronald Reagan:

    1) Economic "boom" in the early 80s was caused by massive deficit spending.

    2) Allowing banks and thrifts to socialize losses and privatize profits. Cost to the taxpayers from the thrift industry over $1 trillion. We are still paying the costs from the banking industry. Reagan reversed the policy of Nixon, Ford and Carter who allowed large banks/thrifts to fail.

    3) Brilliant idea to arm/train/fund Islamic fundamentalists. We are still paying the price.

    4) Destruction of the space program and diversion into beam weapons and such. What a lost opportunity.

    Truth Alone Triumphs.

    •  You're a little off (5+ / 0-)

      A big part of the boom of the 80's was caused by the Fed cutting the discount rate from 18% down to about 6%.

      If the Fed had cut the discount rate from 2% to -10% the economy would be going great right now.


      In theory, there is no difference between theory and practice; but in practice, there always is a difference. - Yogi Berra En théorie, il n'ya aucune différence entre théorie et pratique, mais en pratique, il ya toujours une différence. - Yogi Berra

      by blue aardvark on Sat Jan 28, 2012 at 03:28:05 PM PST

      [ Parent ]

      •  . (1+ / 0-)
        Recommended by:
        Crashing Vor

        you are absolutely correct, however in the economics/investment circles I regularly read, they claim we are running negative interest rates and have been for some time because of false CPI numbers.  I believe them.

        "Let me issue and control a nation's money and I care not who writes the laws." Mayer Amschel Rothschild, 1790

        by FreeTradeIsYourEpitaph on Sun Jan 29, 2012 at 07:00:21 AM PST

        [ Parent ]

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