BATTLEFIELD of Wits

 "In the Battlefield of Wits, You, Sir, are Unarmed!" - (quick, who said that?) . . .    . . . seriously though any serious discussion of the Greatness of Ronald Regan requires a course study in basic economics . . .    . . . John Maynard Keynes was the father of modern economic theory . . .  

 . . .  when I started college way back in 1979, my economics professor explained that Keynsian economic theory was archaic and obsolete . . .   . . . he stated that government stewardship of the economy had been proven successful by FDR in getting the US and the world out of the Great Depression . . .    . . . that the social economic philosophies as practiced in Europe and the British Commonwealth were the shining examples . . .  

. . . this was at the height of the greatest recession SINCE the Thirties . . .    . . . the entire British automobile industry had been nationalized for one thing and once-respected British-made cars were a rolling joke . . . we were experiencing greater than 15% unemployment . . .   . . . government-mandated price controls had created shortages and gas lines around the block were not uncommon. . .    . . .  interest rates got as high as 18% . . .    . . . my brother bought a house in 1979 and was looking at spending the first ten years paying off interest alone . . .  

. . . this professor was a socialist by the way in case you haven't figured that out . . .    . . . then along came a guy by the name of Ronald Reagan who became the greatest practicioner of Keynsian Economics the world has ever seen before or since . . .    . . . the end result of "Reaganomics" tax cuts was . . .   . . . inflation under control . . .    . . . unemployment WAY down . . .    . . . the greatest economic expansion in the history of the world . . .    . . . accompanied by the bankruptcy of the Soviet Union and the ensuing collapse of World Communism . . .

. . . Bottom Line is any and every thing you may say about the economy during the Clinton years should be properly viewed through a lens that encompasses a timeline that goes back to at least September 1929 . . .    . . . the stock market crash that heralded the Great Depression . . .    . . . it was not the first stock market crash nor the last . . .    . . . these things come in cycles . . .  

. . . a little known secret of history is that the economy of the US had recovered by 1933 and was on the upsurge PRIOR to our entry into WWII . . .    . . . contrary to popular opinion FDRs manipulation of the economy did NOT lead us out of the Depression, if anything he PROLONGED the situation . . .    . . . whenever governments interfere with free market forces the end result is ALWAYS shortages which lead to inflation . . .   . . . this is due to the principle of Supply versus Demand . . .  

. . . there is no service the government performs that cannot be done more efficiently than by the private sector . . .    . . . free market forces ensure this . . .    . . . the US Post Office is a good example . . . just look how UPS and DHL run rings around the Postal Service . . .    . . . if a government service is outsourced then no job is lost - if anything a job is CREATED - and the service is provided at MUCH CHEAPER cost to the taxpayers (contractors are not salaried or pensioned, for starters, and they pay their own health insurance cheaper than if the government is administering it) . . .

. . . NO country has ever taxed itself into prosperity . . .    . . . a peculiar quirk of economics is something called the "Propensity to Consume" . . .    . . . basically the more money you have in your pocket, suddenly the more things you need to get by . . .    . . . people tend to purchase more goods and services and this in turn produces more tax revenues . . .   . . . President Bush knows this and that's why his tax cuts led to A) our current prosperity and B) the BILLIONS in state & federal government budgets . . .   

. . . did you know the State of Minnesota right now enjoys a 100+ billion dollar budget surplus? For this reason alone it is criminal they did not fix that bridge when they had the early warnings . . .    . . . did you know that North Carolina has a 40+ billion dollar budget surplus? Their reaction was "What can we spend it on?" My question is: "Why don't you give some of it BACK it's OUR money not YOURS."  

Cut taxes and revenues go up . . .    . . . Reagan knew this and it was called Reaganomics . . .    . . . George Bush cut taxes and brought us out of the recession this country experienced at the tail end of the Clinton era . . .    . . . President Kennedy knew this - he also cut taxes and increased revenues, and he was the last Democrat to do so . . .    . . . Kennedy was the last great Democrat . . .   

. . . never forget the words of the great Ronaldus Maximus: "In the present crisis, government is not the solution to our problem, government IS the problem." . . . the current bunch are a pack of left-wing liberal loons who believe taxes have to be raised because government services need to expand . . .    . . . again I quote the Great Communicator:

"The government's view of the economy could be summed up in a few short phrases: If it moves, tax it.  If it keeps moving, regulate it.  And if it stops moving, subsidize it."

Ronald Reagan started out as a Democrat . . .   . . . he was an admirer of FDR . . .   . . . by the time he had personally experienced the Great Depression & World War II  . . .    . . . the expansion of the government and the military / industrial complex from the Truman years . . .   . . . through to the Great Society Welfare State experiment of the Johnson Administration . . .    . . . the ensuing economic collapse under Carter during the Seventies . . .          . . .  Reagan had refined his philosophy to what is now universally regarded as the successful model for stewardship of the economy . . .    . . . as demonstrated by the economic boom of the eighties, throughout nineties and to the present time . . .

. . . having said all that I'll leave you with one last poignant quote from the Teflon Ron:

"The nine most terrifying words in the English language are, 'I'm from the government and I'm here to help' "

sturmbringener sturmbringener
46-50, M
5 Responses Aug 9, 2007

{tears}<br />
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Thank you.... I loved this. Even tho you've disappeared....

Oh.. nm.. sturmbringener hasn't logged on since Dec. 2007 :P

Ok, well it's almost a year later.. what do you think of Dubya and the state of the economy NOW?

Wrong, but nice Try. The great warrior G. Gordon Liddy said that . . .

. . . not always six . . . sometime three ! ! !<br />
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ANYWAY AS LONG AS WE'RE TALKING SIGNATURE WRITING IDIOSYNCRACIES HERE WHATS WITH THE ALL-CAPS ? ? ?