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re: Why do conservatives keep harkening back to Ronald Reagan's time in office?
Posted on 10/30/14 at 12:06 pm to TeLeFaWx
Posted on 10/30/14 at 12:06 pm to TeLeFaWx
quote:
I think this administration is scared of letting interest rates rise to more sustainable levels because it affects what they want to do.
Still have weak labor markets and stagnant wages. Inflation is not a concern right now. Just look at how strong the dollar is relative to the rest of the world currencies. I don't see why you'd want to raise rates right now. There's the downside of investors getting riskier to cut out moderate gains because safe assets yield practically none, but this economy continues to call for loose monetary policy.
The rise in rates in the early 80s was the formula to break the inflation of the early 80s. This is far from the 80s.
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Posted on 10/30/14 at 12:07 pm to RogerTheShrubber
People were tired of that pussy Jimmy Carter (who still is one.) and the Iranian hostage crisis. Interest rates were at 11% for home mortgages, gas prices were high and the stock market was not doing well. The Soviet Union was flexing its muscles as well.
The Army was a fricking mess post Vietnam, and we needed a leader. Reagan was that.
The Army was a fricking mess post Vietnam, and we needed a leader. Reagan was that.
Posted on 10/30/14 at 12:08 pm to RogerTheShrubber
quote:
A presidents value is in being a leader, a communicator. He was respected in those ways. In fact the only two presidents I can remember (and I've been alive since the 60's) who fit that description were Reagan and Clinton. You don't have to like their policy, but both knew how to communicate and knew how to influence others. The worst were Ford and Obama.
That's a bingo.
Posted on 10/30/14 at 12:29 pm to Vols&Shaft83
quote:
It's like you don't even try with your trolls anymore
Who is trolling? Dude was inept.
Posted on 10/30/14 at 12:33 pm to TreyAnastasio
quote:
Who is trolling? Dude was inept.
Alright got dammit. Its tot land for you. Sonic at 4PM. Be there.
Posted on 10/30/14 at 12:52 pm to sorantable
Reagan. 
Posted on 10/30/14 at 5:03 pm to Duke
quote:
POTUS doesn't control the money supply.
He appoints the chairman of the FED so in a way the FED policies reflect what the current POTUS wants.
Posted on 10/30/14 at 5:07 pm to sorantable
Reagan was a successful president. He was able to speak the conservative message in a way that no other GOP candidate has done...the country loved him. He was a great leader and people felt like the American dream was possible under him...no overbearing Government, very relaxed time in our history. He still has over 70% approval ratings today...the GOP tries to sell candidates as "the next Reagan" because Reagan is popular even among many moderate liberals. the problem is no candidate has been close to Reagan (Rand Paul today would be your modern day Reagan, minus the speaking abilities)
Reagan dug us out of Carter's economic mess and had a strong foreign policy. He did a good job overall, though he had a few faults (Iran Contra)
Reagan dug us out of Carter's economic mess and had a strong foreign policy. He did a good job overall, though he had a few faults (Iran Contra)
Posted on 10/30/14 at 5:18 pm to sorantable
Reagan would be considered a RINO by today's GOP
Posted on 10/30/14 at 5:23 pm to Duke
The issue with raising interest rates right now would be we would have trouble paying on our national debt. Our deficit and debt has grown so large that an increase of interest rates would cause a large financial problem.
They ended QE at the Fed the other day, so we shall see how it happens. They still claim they will keep interest rates low for a considerable amount of time, but as bond prices drop it will put upward pressure on interest rates eventually.
Oh and back to Reagan...I wish presidents still gave speeches like this
LINK
It makes me sick to stomach to see the stupid shite that our current politicians say and come up with. Complete ineptness on both sides.
They ended QE at the Fed the other day, so we shall see how it happens. They still claim they will keep interest rates low for a considerable amount of time, but as bond prices drop it will put upward pressure on interest rates eventually.
Oh and back to Reagan...I wish presidents still gave speeches like this
LINK
It makes me sick to stomach to see the stupid shite that our current politicians say and come up with. Complete ineptness on both sides.
Posted on 10/30/14 at 5:43 pm to Duke
quote:
Still have weak labor markets and stagnant wages. Inflation is not a concern right now. Just look at how strong the dollar is relative to the rest of the world currencies.
I think part of the problem with the financial crisis was low interest rates. So much cash on hand and no place to put it. Greenspan knew that, and told the rest of the world to go frick itself. After the Japanese came in and bought a ton of real estate in the 80s, I can understand the disdain for foreign investment, but I think Federal Reserve's inherent ability to play politics with our currency is shameful. I can't put my money in the bank anymore and beat the rate of inflation. I don't think that's a fundamentally sustainable monetary policy. But you're right, traditional economic thought state that the economy is calling for a loose economic policy, I still find it shitty.
These are all opinions of course as I am no economist just a lowly engineer, but at the base of it, I know that tax and spend liberals never want to do this because it fricks their ability to spend. I see the conflict of interest and I don't like it.
Posted on 10/30/14 at 5:53 pm to TeLeFaWx
I'm just an almost engineer, so we're on equal footing.
You're arguing a legitimate risk of the current policy. I just take the side the risk of tightening right now has more downside than that of the risk of over speculation for minimal yield.
You're arguing a legitimate risk of the current policy. I just take the side the risk of tightening right now has more downside than that of the risk of over speculation for minimal yield.
Posted on 10/30/14 at 5:57 pm to sorantable
Posted on 10/30/14 at 5:58 pm to sorantable
quote:
What do these idiots really want out of a presidential candidate?
He was a great leader and communicator and was able to work with Congress when both the House and Senate was staunch Dem and get some good things passed. Sure there's some nostalgia, but today's leaders are weak minded and have no conviction. Reagan did not have this problem.
RR farewell speech. Tell me if any President you've seen has inspired any kind of hope when they left office.
Posted on 10/30/14 at 6:06 pm to Duke
quote:
You're arguing a legitimate risk of the current policy. I just take the side the risk of tightening right now has more downside than that of the risk of over speculation for minimal yield.
You're probably right.
Posted on 10/30/14 at 6:08 pm to TeLeFaWx
It can go the wrong way quickly and quietly though. Finding that sweet spot is why the bankers at the Fed make the big bucks.
Posted on 10/30/14 at 6:13 pm to sorantable
To me, Reagan represents the end of fiscal conservatism. After Reagan, the Republican Party began to farm votes with the same zeal Democrats used in successfully buying elections.
Neither party merely buys politicians anymore. That's always been a part of politics. So has pork, but I mean something different. Rather, they purchase their constituencies by promising welfare programs or enhancements to existing programs.
Their efforts have been successful. Wildly successful. Welfare, a.k.a. entitlement programs, is at record levels. Fully half of all citizens don't pay taxes and 60% of Households Now Receive More in Transfer Income Than they Pay in Taxes.
Neither party merely buys politicians anymore. That's always been a part of politics. So has pork, but I mean something different. Rather, they purchase their constituencies by promising welfare programs or enhancements to existing programs.
Their efforts have been successful. Wildly successful. Welfare, a.k.a. entitlement programs, is at record levels. Fully half of all citizens don't pay taxes and 60% of Households Now Receive More in Transfer Income Than they Pay in Taxes.
quote:
Mitt Romney was ridiculed for his comments on the “47 percent” and the issue of dependency, but CBO’s report illustrates that at least the bottom 60 percent of households now receive more in federal transfer income than they pay in total taxes and that it may not be long until 80 percent of Americans are net beneficiaries of transfer income.
Posted on 10/30/14 at 11:33 pm to sorantable
The myth of Ronald Reagan.
Posted on 10/30/14 at 11:50 pm to sorantable
Regan was a so-so president... when the people in this country were better... Obama is a so-so president... while the people in this country suck.
If we continue to be lazy and greedy and blame everyone else for our problems, we will continue to have problems.
If we continue to be lazy and greedy and blame everyone else for our problems, we will continue to have problems.
Posted on 10/30/14 at 11:53 pm to RLDSC FAN
quote:
Reagan would be considered a RINO by today's GOP
Depends. The cold war era was something totally different than today. He would be respected as someone who could inspire the public. That's really all you need in a president, they surround themselves with policy people.
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