VolStrom
He/Him/Gator Hater
- Joined
- Nov 19, 2008
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I actually agree with you here. More importantly they're 1000x smarter
Carter was fiscally conservative. Reagan was not. His 1983 recession was considered at the time to be the worst since WWII. The Republican mantra of balancing the budget while cutting taxes and increasing defense spending was bold-faced hypocrisy. Reagan's supply side, "voodoo economics," began a long transfer of money from the middle class to the wealthiest top one percent which continues to this day. Those are economic facts. Reagan's successor, Bush 41, was left to face its consequences. You can argue that Reagan's defense spending was necessary, but it is simply wrong to argue that his economic and tax policies created sustainable growth with middle class prosperity.
Carter was fiscally conservative. Reagan was not. His 1983 recession was considered at the time to be the worst since WWII. The Republican mantra of balancing the budget while cutting taxes and increasing defense spending was bold-faced hypocrisy. Reagan's supply side, "voodoo economics," began a long transfer of money from the middle class to the wealthiest top one percent which continues to this day. Those are economic facts. Reagan's successor, Bush 41, was left to face its consequences. You can argue that Reagan's defense spending was necessary, but it is simply wrong to argue that his economic and tax policies created sustainable growth with middle class prosperity.
Yet people want to complain about the price of goods from China. WGAF. Market ecomonies adapt and at some point it is more profitable to produce for your own market rather than import, resulting in job income growth, which will allow you the ability to purchase what you are producing. We consume, so lets produce what we consume as the world's biggest consummer.
How many trillions we going to spend now on Pacific Asia defense? Impact of tarriffs is laughable.
Exactly. The government spending during the Reagan years is what made trickle down economics look somewhat successful. It’s a failed policy that Trump copied from Reagan, much like the failed policy of branding anyone that disagreed with him as radical or socialist from McCarthy, and the America First mantra from racists during the Woodrow Wilson era.Carter was fiscally conservative. Reagan was not. His 1983 recession was considered at the time to be the worst since WWII. The Republican mantra of balancing the budget while cutting taxes and increasing defense spending was bold-faced hypocrisy. Reagan's supply side, "voodoo economics," began a long transfer of money from the middle class to the wealthiest top one percent which continues to this day. Those are economic facts. Reagan's successor, Bush 41, was left to face its consequences. You can argue that Reagan's defense spending was necessary, but it is simply wrong to argue that his economic and tax policies created sustainable growth with middle class prosperity.
And multiple companies are deemphasizing China and moving more and more production to Vietnam and Taiwan as the cost of Chinese labor and protection of trade secrets continues to rise.
I'd gladly pay a little more to make sure Americans have those jobs, and I believe the costs would ultimately end up lower overall.
I agree with most of this post. 15/HR fast food jobs doesn't have a damn thing to do with an appropriate response to jobs going to China. That's a totally different matterLets face it. We have become a corporatocracy with the political elite in their pocket. They get rich and more powerful and would not give 2C (where is that cents key on a keyboard BTW) as far as our own national interests. Yet we get to experience protests for $15 workers at fast food as our answer as China brings millions out of poverty at our expense.
I agree with most of this post. 15/HR fast food jobs doesn't have a damn thing to do with an appropriate response to jobs going to China. That's a totally different matter
No it doesn't have a damn thing to do with corporations sending manufacturing jobs to China. You're conflating two entirely different issues in regards to our relationship with ChinaSure it does. Those are entry jobs for kids, not to make a living. 50 years ago these citizens would be making tangible stuff, not burgers,
Lol, yes carter was a economic genius. Those long gas lines were good for the economy. Fact the tax cuts went along way in allowing businesses to create jobs. You do understand that more businesses that get started, more people become wealthy who takes those chances. No, its not accurate at all. Wealth expanded under Reagan.
Sure it does. Those are entry jobs for kids, not to make a living. 50 years ago these citizens would be making tangible stuff, not burgers,
No it doesn't have a damn thing to do with corporations sending manufacturing jobs to China. You're conflating two entirely different issues in regards to our relationship with China
They may be entry level jobs for kids, but when I lost my job this summer I wasn't the only PhD applying for fast food jobs. My wife is still looking for a new job and may end up in that boat - no one is hiring teacher aides and writing coaches during the pandemic.
How about some facts. It was a 1980-1982 recession, indisputibly caused by Reagan's predecessors inabaility to control inflation. By 1983 it was recovering and middle class USA loved him.
Most older adults working in the service industry aren't likely the type, for a myriad of reasons, to work in manufacturing
That is fair, but seemingly the poor uneducated class built this nation decades ago thru hard work, purchased homes and raised families on the product they produced. With the current situation, McDonald employees better sell a crapload of $10 burgers.
The giants of fast food can afford to pay a minimum $15/HR and still reap healthy net profitsThat is fair, but seemingly the poor uneducated class built this nation decades ago thru hard work, purchased homes and raised families on the product they produced. With the current situation, McDonald employees better sell a crapload of $10 burgers.
WIN(Whip Inflation Now) buttons were ginned up during the Ford Administration. I had no trouble finding work in 1980. By 1983, the unemployment rate in my home county was 15%. In that year, oil drillers shut down thousands of their drilling rigs in the Gulf of Mexico.
Most hourly manufacturing workers aren't necessarily "uneducated"Those uneducated workers did a damn fine job, too. And they were rewarded well for it. We need to bring that type of craftsmanship back to mainstream.
We really screwed over our education system and priorities trying to beat the Ruskies to the moon.
Most hourly manufacturing workers aren't necessarily "uneducated"