Not necessarily. Ronnie Reagan really believed in tax cuts in response to a stagnant economy. And he really believed in a military build up.. . . he'll still get hit with the things that tore down Carter. . .
Not necessarily. Ronnie Reagan really believed in tax cuts in response to a stagnant economy. And he really believed in a military build up.
And in my universe, when faced with an under-performing economy, Keynesian economics is exactly what the doctor ordered.![]()
Not necessarily. Ronnie Reagan really believed in tax cuts in response to a stagnant economy. And he really believed in a military build up.
And in my universe, when faced with an under-performing economy, Keynesian economics is exactly what the doctor ordered.![]()
Maybe we're living in relatively normal partisan times now, and the 1970s were more of an unusual bipartisan period. But in any case, the '70s were more bipartisan.None of which would have passed the Democratic Congresses elected in 1976 and 1978. It took the 1980 election and GOP control of the Senate to push through Reagan's agenda -- and the four years under Carter that were so troubled. Reagan's agenda would have been DOA in 1977.
Reagan somewhat got credit as a good-hearted delegator doing his best, whereas Carter got blame as someone trying to do it himself and making mistakes.That doesn't stop gas prices from rising and Iran from taking hostages. Some things are just out of the President's control, and some terms are just poison chalices.
Reagan somewhat got credit as a good-hearted delegator doing his best, whereas Carter got blame as someone trying to do it himself and making mistakes.
Not necessarily. Ronnie Reagan really believed in tax cuts in response to a stagnant economy. And he really believed in a military build up.
Honest to gosh, I've read that the net effect was a large net deficit, even bigger than Reagan's military build up.. . . Except that the tax cuts proved to be inefficient and he ultimately raised taxes five times during his two terms- . . .
This guy recently appeared on C-SPAN:
The Presidency: Reagan & Cold War Politics
Fritz Bartel, Ph.D candidate, Cornell
He argued that foreign capital poured into the United States during the Reagan years because Paul Volcker had raised interest rates. Standard economic thinking is that a government running a deficit crowds out a measurable amount of private investment. This did not happen in the United States during the Reagan years.
Instead, this guy argues that the crowding effect happened to countries in eastern Europe and Latin America.
Please tell me what you're focusing on with the term 'neoliberal.'. . . because Eastern Europe went full on neoliberalism in general, . . .
Please tell me what you're focusing on with the term 'neoliberal.'
If Reagan bombed the crap out of the Iranians he would prob have own re-election even if some hostages dieThat doesn't stop gas prices from rising and Iran from taking hostages. Some things are just out of the President's control, and some terms are just poison chalices.
Thanks for fleshing this out.Privatization, fiscal austerity, deregulation, free trade and reduction in government spending.