Folks: It's not 'Reaganomics'. RR was a closet Keynesian and a huge borrow-and-spender.

Captain Hilts

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Tue Jan-26-10 12:13 PM
Original message

Folks: It's not 'Reaganomics'. RR was a closet Keynesian and a huge borrow-and-spender.

He only cut the budget for things he didn't like.

Beyond that he spent us into debt.

Now, Thatcher actually cut spending, THEN cut taxes. This is closer to what folks are saying is going on here.

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Democrats_win

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Tue Jan-26-10 12:23 PM
Response to Original message

1. True about Reagan (and W.orthless Bush). Not true about Obama.

Recall that McCain, in the 2008 debates, said he would have an across-the-board spending cut. This meant that everything including defense spending would be cut. Everyone fell out of their chairs laughing. The Obama plan is actually worse than McCain's bad idea because it cuts important things, but doesn't touch worthless defense spending.

We can't compare it to Reagan. Obama's plan is simply the wrong idea at the wrong time.

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Captain Hilts

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Tue Jan-26-10 12:34 PM
Response to Reply #1

2. Agree. But people need to get their history straight. It's kind of like how people assume theReagans

Edited on Tue Jan-26-10 12:34 PM by Captain Hilts

went to church regularly, when they did not.

If you get the reputation for getting up early, you can sleep late.

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TheKentuckian

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Tue Jan-26-10 12:34 PM
Response to Original message

3. While, I can grant that it does play into the Reaganomics worldview

which never had a basis in reality. I guess Hoovernomics is more accurate for this piece of conservative folly.

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Captain Hilts

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Tue Jan-26-10 12:37 PM
Response to Reply #3

4. Hoover's policies reinforced existing economic power structures, FDR's

expanded them by empowering unions through the Wagner Act (Sen. Robert Wagner of NY introduced a lot of the White House's legislation) and programs such as the CCC, WPA, PWA individualized relief rather than relying on your company through the Hoover-created Reconstruction Finance Corporation for economic help.

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Jennicut

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Tue Jan-26-10 12:39 PM
Response to Reply #3

5. Hoover was wrongly looked at in history. He increased spending and taxes.

Edited on Tue Jan-26-10 12:40 PM by Jennicut

He just did the increase in spending too slowly. Actually, FDR criticized Hoover during the election for being a tax and spender. FDR used many of Hoover's ideas and implemented them in a stronger and faster way. Without Hoover, no one would have thought to turn to the govt. for help. Hoover started that. FDR was the one who cut spending in 1937...to his work programs as well as other areas. He thought the economy was getting strong enough to turn around on its own. He was wrong. Obama is not cutting anything from his stimulus. He is proposing cuts in some areas and spending in other areas.

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Captain Hilts

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Tue Jan-26-10 12:42 PM
Response to Reply #5

6. Yes. What he did showed FDR what would not work well enough or fast enough, BUT...

Hoover was a much more patient man than FDR, hence Hoover's trashing - I kid you not - of the fact that FDR was not a fly fisherman, that he used bait on his hook for quicker results. Really, Hoover said that.

Hoover, like Carter was a good man in the wrong place at the wrong time.

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Jennicut

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Tue Jan-26-10 12:43 PM
Response to Reply #6

7. Tired of seeing people not knowing history.

Hoover was not a bad man but did not react quickly enough. By today's standards of Rethugs he would be considered downright caring.

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Captain Hilts

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Tue Jan-26-10 12:48 PM
Response to Reply #7

8. Yes, he certainly would. That's why FDR supported Hoover for Prez at one point.

Edited on Tue Jan-26-10 12:48 PM by Captain Hilts

Same for Lou Hoover. A real opportunity lost.

But, 'cool' usually wins and HH and Lou had no personal charisma or ooomph. The Roosevelts, conversely, oozed the stuff and had already been beaten up enough by life to be tough enough to take the knocks being in the White House had to give.

Please tell me about that vicious animal in your signature line...

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Jennicut

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Tue Jan-26-10 12:53 PM
Response to Reply #8

9. My kitty, Daisy. She is only a year old.

Rescued from an animal shelter. Lots of love given by me, my husband, and my two daughters, ages 4 and 5. She knocked an ornament a day off the Christmas Tree while it was up. Wild kitty.

I do like FDR as well but glad you are here to set things straight!

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Captain Hilts

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Tue Jan-26-10 01:08 PM
Response to Reply #9

10. A tightly-coiled killer that kitty!!!

Our red cat - Mr. Peabody - was GREAT with small children.

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