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you left out an important element to the reagan doctrine---. debt is a meaningless concept. which was a shock to the the academic world none of the professors or world economic gurus knew that.. but ronnie had learned that. you learn so much in hollywood.
Uh, No, it's not. I know Reagan said "I think the debt is big enough to take care of itself". That was a great bumper sticker line, and played well with the base. Unfortunately it proved not to be true. As the downturn in banking (taxpayers took it on that), housing (again, taxpayers paid for that) proved.
Unfortunately Cheney repeated the lie, "one thing Reagan proved is that the debt doesn't matter", and those of you with no memories, or selective memories bought into it. Now each of us owes ($25,000??) I don't recall exactly how much, to our "bankers". But those bankers are the Chinese (about 1/2 of it) middle east oil sheikhs (yeah, great people to owe money to!) and other sucker-er lenders.
When you are the debtor you are a SLAVE TO THE LENDER. Even the bible says so, but right wingers like to forget that part of bible. Now that the debt is coming due, and the dollar is worthless, the lenders are getting paid in "other forms of capital".
That capital is our manufacturing, banking, utility, transportation and other parts of our infrastructure. If you want to see what the future of the US looks like, ask someone in India how things were prior to 1947, when Great Britain OWNED them. It's not a pretty sight.
Nixon, the Bushes & Reagan will prove to be the biggest contributors to America's downfall, not some dipsh*t rag-tag al-Qaeda goons with box cutters.
You forgot Carter and Clinton, who were advocates of exactly the same economic policy.
Going back to the 60's, there have been regular issus of the leftist magazines (Mother Jones, The Nation, New Republic, etc.) and they found plehty to write about right through the Democratic White Houses. Only those publications could see that there is only one political and economic philosophy in this country, and the serpent has two heads. It doesn't matter which head you cut off.
If we revitalize our industry so we don't need to buy stuff from the Chinese and develop a domestic energy system so we don't need to buy oil from the Arabs we could just confiscate all their investments and cancel the debt? Now that would be a useful thing to do with our military. Then the Chinese could sell their defective toys to themselves and the Arabs could drink their oil. After all most debt is canceled if collecting it is more costly than loosing the money.
I don't have hours at my disposal, but thanks for the invite. Not to mention I've noticed that a few of the contributors to these threads are absolutely impervious to reason and/or facts that do not support their preconceived ideologically driven notions.
50 years of "What's good for GM (and Exxon/Mobile and the military and Lehman and Bear Stearns, and Worldcom and Enron etc and etc and etc) is good for American" corporate welfare capitalism is crashing down. Hopefully the moral bankruptcy of the American plutocracy socializing risk and concentrating wealth among a few privileged white elites and the military is becoming crystal clear. This will NOT be another American century.
Just as a bloated military (and Reagans oil manipulation) almost drove the USSR bankrupt it will do the same here. This is the beginning of a massive transfer of wealth from the US to the rest of the world esp. oil countries. American colonialism and hegemony are in their final act. Commodities will resume a historic boom (no it's not a bubble) and chaos will rule. Get in the lifeboat while you can. Nixon, the Bushes & Reagan will prove to be the biggest contributors to America's downfall, not some dipsh*t rag-tag al-Qaeda goons with box cutters.
50 years of "What's good for GM (and Exxon/Mobile and the military and Lehman and Bear Stearns, and Worldcom and Enron etc and etc and etc) is good for American" corporate welfare capitalism is crashing down. Hopefully the moral bankruptcy of the American plutocracy socializing risk and concentrating wealth among a few privileged white elites and the military is becoming crystal clear. This will NOT be another American century.
Just as a bloated military (and Reagans oil manipulation) almost drove the USSR bankrupt it will do the same here. This is the beginning of a massive transfer of wealth from the US to the rest of the world esp. oil countries. American colonialism and hegemony are in their final act. Commodities will resume a historic boom (no it's not a bubble) and chaos will rule. Get in the lifeboat while you can. Nixon, the Bushes & Reagan will prove to be the biggest contributors to America's downfall, not some dipsh*t rag-tag al-Qaeda goons with box cutters.
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Ahh the Dem's will blame Reagan for a thousand yrs while the Rep's blame Clinton.
The blame lies on the current bunch in BOTH Camps .
I guess we'll see who really blames who the day after the November elections....
What I find so ironic about the current financial crisis is that Republicans, who always say 'government is the problem', are trying to solve the financial crisis through direct government intervention and take-over of troubled institutions - at potentially huge cost to the taxpayer.
What did you think would happen granting most favored trade nation to communist countries who don't play fair,who own us and play with the numbers.These countries know how to take us down! They know that It is american greed that will be our dimise...its all about the dollar and what is now left of it!
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