Originally Posted by devron
Reagan single-handedly brought down the USSR and the Berlin Wall? I'm pretty sure a good number of people actually in the Bloc would disagree with that. He didn't fix anything; he made it easier to obfuscate with trickle-down which has since proven to have failed and contributed to the gutting of the middle and lower classes. The recovery from Carter was paved with money that didn't exist. 80's=The credit boom. That debt was then sold up the ladder and up the ladder until it popped half a decade ago.
But to be fair, *he* didn't do it, but his policies made it possible. Perhaps he had too much faith in mankind. He did grow up in a different era and perhaps didn't think the system would have been exploited as it was. My honest opinion of Reagan is that he might have been the last president who did what he thought was right, which is respectable even if things turned out badly. And let's be real, the President is one man. The *real* problem(s), IMO, are Congress.
You're beyond hope. The SDI program often referred to as Star Wars defense system frightened the soviets so much as to send them on a spending spree to try and keep up, bankrupting their already fragile economy.
Trickle down hurt the middle class? The only possible way you can construe that to be true is the use the argument used at the time which was he spent too much on defense and military. This was needed after Carter decimated it to the point of not having even the necessary parts to keep our jets in the air. The middle class prospered along with every one else as out of control inflation, fuel costs and interest rates subsided. He was the best thing to ever happen to the middle class.
The argument goes something like this from his detractors..."The gap between rich and poor grew". That is true as when prosperity happens those at the top who produce and provide products people want and can afford to buy in a thriving economy get very wealthy. Those who love class warfare always use that argument. The fact is they're happier if the gap is smaller and everyone is equally poor. Better everyone poor than someone gaining more than they do.
If you're happy with the result of Carter 2 for the past four years good luck to you. You and the other supporters now own the results. They will be painful and destructive to America and her citizens.
BTW, Barney Frank, Chris Dodd and all the others who created a system of mandating banks loan to unqualified borrowers. Those who dealt in dirivitives, mortgage-backed securities and other ponzi schemes like AIG, Goldman Sachs, Freedy and Fannie and so many others crashed the housing market. You can thank them and their appointees like Franklin Raines and Tim Geithner for the results and failure to set policies that would allow recovery.
You can continue to play ostrich for a while. After this second term that's going to get a lot harder to do.