Greenspan and intrest rate cuts...

[dapcgenius]

What do you think about G's intrest rate cuts?

I personally dont like him because i believe he's the cause of the weakening economy.

[Giancarlo]

His interest rate cuts will start to increase consumer confidence therefore leading to rising growth rates and lowering inflation, unfornately the Industrial Production Growth Rate will take a bit more time to recover and unemployment may go a few more notches.

It was pathetic under the Clinton Regime, where interest rates where at 6.75% or so which put enormous pressure on the Private Sector.

[niv]

most people think Clinton was responsible for the economic rebound, and that is untrue. it was george bush (to tell you the truth). i still remain however, an independant

[Giancarlo]

Actually very few thought it was Clinton, it was Reagan not Bush Sr. He brought the economic boom today in something called Reaganomics.

[WorldWarGeneral]

Originally posted by Giancarlo
Actually very few thought it was Clinton, it was Reagan not Bush Sr. He brought the economic boom today in something called Reaganomics.

I always thought Reganomics turned out to be bad for the country. Huge defense budgets increased the national debt and other stuff. I've never really looked into it, so I could be wrong though.

So, what really was "Reganomics?" What was the theory behind it?

[Giancarlo]

Reaganomics: Tax Cuts, High Amounts of Economic Infrastructure Spending, and 5% Economic Growth. (More http://www.reaganlegacy.org)

Go here to see what Reaganomics was all about: http://www.reaganlegacy.org/record/Cato/SUPPLY-SIDE%20TAX%20CUTS%20AND%20THE%20TRUTH%20ABOUT%20THE%20REAGAN %20ECONOMIC%20RECORD.htm

[bigperm]

No no no... to find out why Reagan was bad... read that chapter of "Rush Limbaugh is a big fat idiot and other observations"... I think I might scan it for my site.

[Giancarlo]

No, No, No, Reagan was not bad... read the article I recommended to prove Bigperm wrong. Bigperm is just awfully biased.

http://www.reaganlegacy.org/record/...IC%20RECORD.htm

Proved you wrong Bigperm.

[Technics]

http://www.townhall.com/ - Your link sent me there ....

[Giancarlo]

Part of it was deleted, use the other one...

[lucifer]

gc,

I tried to download the proof of reagan's genius, I got

The file you have requested either does not exist or can not be delivered.

does this mean that there is no proof?

[Giancarlo]

http://www.reaganlegacy.org/record/index.htm

Lucifer, I said use the First link I Gave! The 2nd one is missing a few letters... well anyways go to the one listed up at the top, and you will find two articles.

[lucifer]

problem with that is

a) a lots based on stats. we all know that stats can be massaged very easily to show the results people want

b) the effects people have do not work in isolation. The economy is a world economy not just america in a vacuum, many of the pattens could be due to circumstances outside his control - perhaps caused even years previously

economics is an ill defined art and there is much more to life than financial statistics.

quality of life and all that...

I suspect that a site entitled

'Ronald Reagan Legacy Project' may be slightly biased

[Giancarlo]

It is true though in my own biased opinion, look at the growth for the Upper-Lower Classes, all of it was positive. But what site are you going to trust? Some Liberal Site...?

Try this one too: http://www.townhall.com

[lucifer]

'Town Hall: concervative news and information the conservative movement starts here'

this one looks much more neutral (not)

[Giancarlo]

It is my ultimate New Source, it is quite accurate aswell... doesn't have all the mumbo-jumbo CNN has. I suggest you register for their newsletters.

[WorldWarGeneral]

Originally posted by Giancarlo
doesn't have all the mumbo-jumbo CNN has.

What 'mumbo-jumbo'? I've heard quite a few people express "displeasure" with CNN. A teacher of mine referred to it as the "Clinton news network" Something about it being "too liberal" What does that mean? I hear hard-core republicans (Rush Limbaugh) go off about the "liberal media" How is the media liberal? I don't mean to bash anyone's opinions, but the whole "liberal media" thing has bothered me for a while.

This may seem like a really stupid question, but what defines someone as a "liberal" or a "conservative"? I know Republicans are conservative, and democrats (sp?) are liberal. But, what really is the difference? How would one vote on an issue versus how the other would vote? What are the major philosophical differences between liberals and conservatives? I've tried to look for information, but it's hard to find a site that isn't biased against one side or the other.

[Giancarlo]

The Media is both Liberal and Conserative... some News Reporters are biased and most new stations have new reporters on both sides. Actually I got no problem with CNN, I was just kidding around.