Quote:
Originally Posted by xoxoxoBruce
But the things they said about Reagan didn't become close to how bad he was for the working man.
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Reagan did not undo what Jimmy Carter (actually the Fed) did to fix the economy. Interest rates were raised to 20% in the late 1970s. Those high interest rates were particularly hard on debtors - ie working man. Maintaining high rates until the mid 1980s fixed the economy. That was good for the working man. It undid so much damage created by Nixon and his war. He paid for it by subverting American currency and long term economic growth. A 'silent majority' inherited what they did not speak out against. Nixon was bad for the working man.
How many working men saw damage created by Nixon when he was creating it?
It is not possible to judge what is coming by viewing the past. We have never had a president who makes decisions on knee jerk emotions. We have never had a president who will routinely lie. And then even deny he said that. We have never had a president who says he will do one thing and then intentionally does something different.
We can only believe what he says - not what he is going to do. None of those previous president did that. We have no reliable idea what is coming.
01-03-2017, 02:46 PM
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