What is /pol/'s opinion on Reaganomics?

He was an actor.

A good actor.

>>131128351
He used "Keynesian Principals"?

Keynes was a lifetime deviant, pedophile, charlatan, anti-Christian, Satanist.

But NWO Bull-Queers, Mongrel-Theists, and Jews paraded the freak around like it was a prize-pony.

The Jew made Ronald (Brain-Diseased) Reagan trot out the Keynesian mind-fuck.

He was a good little Goy.

>>131129672
Keynesian principles were the only thing that helped reagan from fully fucking up everything in the USA

>>131128351
A meme that useful idiots on here will defend

greatest scam in american history

bankrupted the nation forever

>>131130066
>>131129996
Absolutely this

>>131128351
I don't FUCKING know, what the fuck is wrong with you, I wasn't even born then

>>131128351
Bucket of shit

>>131128351
His policies would have worked if america owned the world economically, but due to international trade it was impossible. Essentially his master plan failed before it took off

>>131128351
It was a globalist agenda of spending but packaged as millitary spending that caused the soviets to fall but really just set precedent to spend money with no benefit to taxpayers.

>>131130066
>checked
This. It's amazing how many people will complain about the very things that Reaganomics caused, but still refuse to acknowledge it as the cause

>>131130212
And welcome to what's wrong with a vast majority of America

it probably works in principle, but its difficult to balance any budget when you turn around and pend an insanely large and disproportionate amount of money funding a nuclear arms race

>>131130212
lol

>>131130301
>>131130227
>>131130212
>>131130149
>>131130066
>>131129996
>>131129825
>>131129672
>>131128696
Wow nice insight guys I learned a lot!

>>131128351

it was so good that the msm stopped calling it that after it was so effective

It sucked, but was necessary. Not drastically cutting taxes for the top would've just made the top take their money elsewhere to keep it

>>131128351
Cutting taxes and increasing the base is a classic and well establish way to get a economic engine going again.

He did run up the debt, but that was due to the growth in spending, not a lack of income.

Finally, "Trickle down does work." People today are so insanely wealthy they have a hard time understanding what it was in the 1970s

when reagan was president you could not NOT make money.
i knew people who made stained windows in Buffalo, NY of all places and were pulling millions of dollars.

half of you halfwits would rather cut your own throat than take a chance the rich might take their money somewhere else.

Investment is they key to all economic growth.

>>131128351
The true original cuckservative.

He is an awful Republican. He pushed gun control, he pushed shitty trickle down economics that have proven to not only not work, but actually be bad for the companies participating in them (because they make good short term profits but awful long term growth which causes stagnation, inflation, and eventual near collapse of various markets, as we have seen with insurance, the housing market, health care, and other such things), and ended up a blithering Alzheimers ridden mess by the middle of his second term.

>>131130884
People are dumb and think that it would all trickle down to create a magical, communist even playing field

>>131131155
Everyone gets more wealthy, just that there is more of a spread.

Kinda like people complain about they have no money, while using a new Iphone and drinking six dollars a cup coffee.

>>131128351

Irrelevant kosher nonsense intended to appease rich kikes. Mindless goy cattle who think rattling off Fox News talking points makes them intelligent will defend Reagan to their last breath.

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>>131131485
this

dumb down
trickle down
union busting
and nafta

back in the day inflation was high but ppl had money. today inflation is low but no one has any money.
reagan saved the rich by lowering everyone elses standard of living

https://www.youtube.com/watch?v=imjL8dfJVkA

funny how the ppl that have the fondest memories of reagan weren't born yet

>>131131299
Hey I just did that. I said it sucks being broke as I was unboxing a $250 monitor. Though of course I did stop getting paychecks

ITT: a bunch of fucking retards

- Carter, in spite of his rehabilitation as some kind of elder statesman, was an absolute imbecile. Inflation was completely out of control, deficit spending was exploding, unemployment was high, traditional blue collar industry was dying.

- Reagan stemmed all of that in spite of a hostile Congress run by Tip O'Neill between his drinking binges.

- Take a look at what GDP did once his policies took hold. Bill Clinton was the big beneficiary. He was able to get blow jobs from fat chicks because things kept humming along until the Internet bubble.

Reagan had his fault, but his economic record speaks for itself. If your parents weren't degenerate hippies, maybe they could have benefited from the logarithmic growth of the stock market since that era.

>>131132113
dumbass my parents dodged the fucking economic reagan meme and Im lucky enough to have a 135k salary as a top chef at wendy's

reagan cleaned out the deepstate/cia mic warmongers, reagan brought them all back

@6:10
https://www.youtube.com/watch?v=FNxbfaoFfys

http://www.thirdworldtraveler.com/Ronald_Reagan/Ronald_Reagan_Myth.html

"This President is treated by both the press and foreign leaders as if he were a child.... It is major news when he honors a political or economic discussion with a germane remark and not an anecdote about his Hollywood days."
Columnist Richard Cohen

>>131132543
carter* cleaned out the deepstate/cia mic warmongers, reagan brought them all back

people forget

https://www.youtube.com/watch?v=o6O3rKQfCF0

Hayek > Keynes

>>131128351

The 80's were fucking great!

>>131129996
>>131130066
>>131130227
>>131130530
>>131131151
>>131131155
>>131131485
itt:
> communists,
> shitty unwashed idiots
> unemployed disgraces who need somewhere to place their blame

Get your act together anon. Jesus christ.
>>131132749
This. The computation problem closed the fucking book on the theory on "communism vs capitalism." The debate is OVER. Tell me what Hayek overlooked or get the fuck out of my face.

>>131128351
"Reaganomics" isn't a coherent theory it's just Reagan's attempts at striving for a freer market. Overall they were aimed in the right direction.

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>>131128351
Reagan's foreign and economic policy was Jewry personified.

>outsourcing
>(((global community)))
>stupid international escapades
>pushing liberalism (egalitarianism + universal human rights) throughout our sphere of influence
>funding LatAm gangsters and Islamic terrorists to fight communism
>putting us into massive debt
>worsening our trade deficits to an extreme
>failing to make any lasting conservative social change
>pushing zionism
>mainstreaming the anti-intellectual race blind evangelical Christianity that destroyed religious advocacy in the US

Reagan is an embarrassment, along with every other president of the post-war period with the exception of Nixon, JFK, and Eisenhower.

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>>131133386
freer market for the poor
free shit for the rich

https://www.youtube.com/watch?v=XBW8bKi7fbo

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>>131134230
>Liz Warren
>Reagan=protectionist
Boy do I hate Canadians

https://www.cato.org/publications/commentary/reagan-embraced-free-trade-immigration

based Obamaleaf, laying down the facts

>>131134423
you should read some actual history

nafta has almost nothing to do with trade
it's more like a monopoly protection agreement

The Fed raised interest rates to a ridiculous amount when Reagan took office in order to fend off stagflation. Once they did that, an economic boom was inevitable. Reaganomics did its best to concentrate the benefits of that boom with the richest people in the country. That work continues today.

It was the beginning of the end of the government even pretending that it's for the people. We've since seen gross escalation of these policies under Bush and naked avarice from the Republicans in Congress under Trump. They aren't even trying to pretend now.

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>>131128351

>>131128351
>Graph doesn't have any labels on it.

Jesus christ.

>>131135836
You would not be able to read the labels on the SD sets of the time.

https://www.youtube.com/watch?v=hIA8MyOy8BU

>>131136108
Well they managed to put "Average family income" on it.

This board has gone full retard. The only thing that was propping it up was the sheer volume of shill posts from Russians and Russians with proxies. Intelligent communication died here a long time ago.

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>>131130694
even cato, the federalist society ect. on the far far realize now it's a big problem

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every few years a new of these comes out and they find even more corporate welfare

http://www.eyeopening.info/2015/10/31/taxpayer-handouts-to-the-super-rich

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>>131133386
t. retarded boomer

Neoliberalism is a cancer on the west.

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>>131137114
>now shutdown ultra left wing website against the rich
Color me shocked

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>>131134206
you forgot

>Mexican Amnesty

Fuck Reagan and every retarded boomer that defends him

>>131136323
This board really has gone full retard, but the people like you who unironically believe Russian intelligence and/or other intelligence agencies manipulate discussion here are one of the biggest reasons.

>>131128351
Absolutely retarded.

>>131128351
Reaganomics didn't work. Trickle down never does.

However the economy did boom under Reagan. We have the stock market to thank for that though. Remember you can't look at the stock market as something the president is responsible for. It's why Obama isn't considered an economic god.

I love Reagan though. He made the 80s in many ways with his policies. Even if I disagree with trickle down I still love the man. He projected strength and gave America the ability to feel great again. God I wish I could time travel and live in the 80s as an adult.

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>>131128351
dumbfnomics trumps the other b-lister's shtick

>700 Carrier jobs moved to Mexico
http://www.snopes.com/carrier-jobs-to-mexico-despite-trump-deal/
>$16M in crony capitalist coin used to automate Ford plant
http://www.reuters.com/article/us-usa-funds-automation-idUSKBN1530JW
>Ford Focus production moved to China
https://www.ft.com/content/0f7ae2e8-55cb-11e7-9fed-c19e2700005f?mhq5j=e3
>Boeing lay off 200 workers
http://www.dailymail.co.uk/news/article-4632644/Factory-Trump-vowed-protect-jobs-lay-staff.html

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ppl weren't going to stay home and starve

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>>131132749
Keynes>dogshit>Hayek>Aids>communism

Trickle-down economics represents the falloff from the giant money piles that rich people cart to their off-shore banks.

>>131137498
>Remember you can't look at the stock market as something the president is responsible for. It's why Obama isn't considered an economic god.
If only drumpf retards understood this

>>131137114
And what do you think those contracts are for?

I will give you a hint. The government doesn't build the computers that the welfare office uses, they buy them. Along with the software. That is all government contracts.

In 2015 for example, the US federal govenment spent 3.8 Trillion dollars.

2.45 Trillion was "Mandatory" spending, which means a law dictates what is spent. Almost half of that was Social security, unemployment, and labor. another 40 percent is health. the remaining 10 percent is Vets, Transportation (where we give contracts to build roads) and farm aid.

The Remaining amount is discrecenary - Military, government workers, Education, Foriegn aid, Science grants, Extra medical and Vet benefits that exceed statutory requirements, and environment top that list.

So do not try to be a idiot and say that when we buy a rifles it corporate welfare, or that if we buy computers for the schools it welfare for whatever company bids on it. That just being a damn fucking leaf.

Wait, checks flag.

RAKE

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>>131137665
If only libertarians that whine about "too much wall street regulation" realized how much Carter, Reagan, Clinton, etc fucked us over by deregulating wall street.

They basically legalized fraud, and libertarians support it.

>>131137777
It was when Republicans in congress and Clinton in the white house eliminated glass steagall was the issue - Carter-> Bush I actually pass regulations based on issues like control fraud that came up under older regulations.

Keynesianism > neoliberalism.

Keynesianism made the US a world power. Neoliberalism is destroying it.

>>131137730
>The government doesn't build the computers that the welfare office uses

they do all the research and development so private companies know how to build computers.and then hand over then hand over that taxpayer funded work to private industry to sell for whatever the market will bare.
in a way you pay twice

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>>131137777

JIDF pls go

>>131137498
>Feels over reals

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>>131137981
Clinton and (((Robert Rubin))) the goldman Sachs banker and secretary of the treasury openly supported removing Glass Steagall, genius.

Carter was the first true neoliberal president that began really deregulating markets, cutting spending on infrastructure and using the central bank to destroy domestic industry.

https://www.counterpunch.org/2014/03/21/the-missing-link-to-the-democratic-partys-pivot-to-wall-street/

Although Nixon was the one to kill protectionism. You could say it was a team effort to destroy the economy.

>>131138194
This level of ancap autism shouldn't even be possible.

>>131128351
The Laffer Curve is badly misunderstood by conservatives. It would be great if it were properly applied and allowed to work. This has never happened unfortunately.

>>131138314
>Clinton and (((Robert Rubin))) the goldman Sachs banker and secretary of the treasury openly supported removing Glass Steagall, genius.

Read what I said. >>131137981
Republicans in Congress and Clinton in the white house.

How dense are you?

>>131138194
>Gasden
>Ancap
>Anarchist
>Communist
>Rainbow
>Donkey

>Civilised

You are no better than Kekistanis

>>131138218
Pretty sure I posted feels and reals. Feels being how good it felt to be American in the 80s and reals being now shit reaganomics were.

>>131133386
>hurr communists and poor people

Aw sweety never opened an econ book before

>>131138513
The Clintons are empty shells with no policies aside from whoever donates the most. In addition repealing Glass Steagall had across the board bipartisan support. We have been effectively ruled by the same "wall street globalist neoliberal" party since 1976 and the result has been the destruction of the entire US economy that isn't directly related to wall street.

Carter and HW helped deregulate wall street, although unlike Obama at least HW actually did criminally prosecute bankers after the S&L scam tanked the economy.


https://en.wikipedia.org/wiki/Depository_Institutions_Deregulation_and_Monetary_Control_Act

>>131138974
>he Clintons are empty shells with no policies aside from whoever donates the most. In addition repealing Glass Steagall had across the board bipartisan support.
I am well aware.

As I said, the republican controlled congress and the Democratic president (Clinton) was who pushed it though.

>>131128351
Neocon stupidity. With Jews and degenerate elites on top, "trickle down" economics just won't work because nothing will trickle down with those non-persons on top. It's a shame the assassination attempt on his dumbass was a failure.

THIS IS A SLIDE THREAD
>THIS IS A SLIDE THREAD
THIS IS A SLIDE THREAD
>THIS IS A SLIDE THREAD

Do your duty anon, don't be fooled by the sliding.
>>131133952
>>131133952

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>>131137423
I did forget that, here's a great tidbit of him and another cuckserative vampire discussing the issue. Nearly puked in my mouth tbqh

https://www.youtube.com/watch?v=6gYHMwEdvIk

Another thing I forgot: Ronnie signed acts legalizing BOTH abortion and no-fault marriage while governor of California, and his immigration shit is the reason they haven't swung red in a generation. This is the guy our modern """conservative""" movement idolizes.
Absolute disgrace.

>>131140314
*no-fault divorce

>>131128351
Thatcher did it better

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>>131138218
It comes back to this so much with Reaganite Cons, his foreign policy posturing is emotional heroine to plebs.

>>131138631
Right. And feels over reals.
Also let's be real and only real for a second–who gives a flying fuck 30+ years later that people felt safe wrapped in a false pretense of projection, tough talk about crime and drugs and a concentrated economic boom based mainly on shareholder value when they were being fucked so hard because

> Reaganomics didn't work. Trickle down never does

You seem like a smart guy. Placing emotional trust in a rich, mentally failing celebrity with little understanding of economics or avoiding serious international gaffes all because of insecure paternal needs is what got us into a mess decades ago–looks like people are already repeating that history because they can't tell reality from insanity. It started being more about blusterous identity politics than principles in this country a long time ago.

It's also why Obama was able to continue and worsen a lot of the problems earlier presidents started: unconstitutional surveillance, privacy violation and more needless involvement in Middle Eastern shit shows.

"Security" > freedoms when feels > reals.

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>>131140314
>>131140348
With "conservatives" like Regan who even needs leftists? William F Buckley and Reagan were neocon jews in all but name.

>>131140432
Did what better? Ruining industry? Outsourcing jobs? Destroying unions so the country could be flooded with cheap non white labor?

>>131129672
This. Keynes was a fucking heck, the whole Reaganomics was a plot by a cabal to wrest control of more wealth and power, just like any other state capitalism program.

>>131140806
>>131140806
>Reaganomics didn't work. Trickle down never does
Median income in 1980 (inflation adjusted)
48,462
Median income in 1988 (Inflation adjusted)
52,372

Growth of household income of a steady 1% per year over inflation.

That doesn't sound like much, until you realize since then, median incomes stopped growing. 2014 inflation adjusted is 53,657, and we never exceeded 58,000.

>>131128351
Retards don't realize that Democrats ran the House during his entire Presidency, so the only way he could get any legislation through was by compromising with Democrats, who shut down the government 8 times while he was President.

A lot of the economic policy is done through monetary policy and how the President responds to it (the "independent" Fed tends to cave to political pressure to monetize American government debt). Reagan did manage to get some tax cuts through but he have anything close to the opportunity to implement policy through Congress that Trump has now.

>>131128351
um, whoops

>>131140874
>Keynes was a fucking heck
NO UR A FUCKING H*CK
DELET THIS NOW

>>131128351
It didn't work

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>>131141207
Real wages declined in the late 70s-1980s and have stagnated ever since

median household income only went up due to women working more and more in order to pay for all the expensive housing/debt financing/ modern families were being forced to accept.

Debt became insane under Clinton and then even worse during the housing bubble until today where not only are real wages are stagnant, but because everyone is up to their eyes in debt the economy, demand, and inflation are stagnant

The only parts of the economy making money are the housing market, where prices are continuing to inflate thanks to speculation and immigration, and wall street where trillions of dollars have been injected into the stock/bond market thanks to low interest rates and money "printing"

>>131141493
Except it is the last time we had sustained increases in household income.

But people insist it didn't work.

>>131141207
Good point. Thanks for strengthening mine. I'd almost forgotten to mention that trusting Wall Street and supply side economics to increase wealth on Main Street is now established by economists as a textbook path to short circuiting long term economic prosperity for everyone.

>>131140852
You know nothing about the economic situation we were in before Thatcher. Full on socialists were in control, unions had immense power, and the Government set the price of bread companies had to sell at. The economy was a shambles with tax rates up to 90%

Our industry was inefficient and un-competitive internationally, and it only made shit products. Thatcher modernized our economy. While I don't agree with all of her privatizations and closures, as I feel people working in some factories and mines could not get any job elsewhere, she did well overall. Fucked the North a bit, but bought us back from the brink.

And she never flooded the country with immigration, that was started under Blair in 1997.

>>131141548
You are not going to have increases in paychecks when millions of woman join the workforce, as it fills the labor market and does not allow workers to demand higher wages.

The only time household incomes grew since 1967->today are the following

Reaganomics
The Internet bubble
the housing bubble.

>>131141352
kys retard

both the keynesian and the solow models are utter trash bad memes

>>131141636
Except under Reagan was the only time we had sustained growth anon.

From 1967->1980 we only had household income grow in real dollars by 4 grand. In 8 years i grew 8 grand, and then it grown another 1 grand from 1988->2014.

1988->2014 has been marked not by supply sided economics, but the free trade concept.

>>131141775
Reagan was like Clinton; short term economic policies that brought wealth, longer term ones that brought despair and failure.

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>>131141596
>>131141775
>increase women in the workforce so they are no longer mothers
>"household" income increases

not hard to explain

>>131141719
>the Government set the price of bread companies had to sell at

Actually it's the opposite. The UK government put price controls on wages. But the entire recession in the west was caused by the energy crisis that was created after the Israeli-Arab wars in 1973.

>Our industry was inefficient and un-competitive internationally,

Now all your jobs have been shipped overseas. What an "improvement"


>Thatcher modernized our economy

That's newspeak for "destroyed it by outsourcing every job possible"

>I feel people working in some factories and mines could not get any job elsewhere, she did well overall.

So she put people out of work and sent jobs overseas. But somehow that helped the economy?

> she never flooded the country with immigration,

She created the conditions for mass immigration, Blair's policies were the logical extension of union busting and outsourcing. They were getting the white brits who cost money to employ ready to be replaced by cheap non white labor.

This isn't even a new idea, it's classic globalism.

Trickle down doesn't work

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>>131132483
Sarcasm on the internet is such shit.

Playing dumb, saying things ironically. This shit needs to stop, it adds nothing to any conversation.

>>131130694
lol this seems familiar

>>131128351
Just the regular stuff spending shit ton of money, taking massive debt, protecionism, social-democracy and other shit. To the left save face and saying that the thing he did and many others across the world (wich are things the left loves to do) created the label neo-liberal, from liberal only in the name and in the official discourse.

>>131142074
The short ones cause the longe term effect, big government spending and forcing lower interest rates trought the fed can lead to short term growth but ultimatily lead to inflation (monetary expansion) and growing debt and recession (the wages since the late 80's have been stagnated, since the mid 90's people with a college degree are getting paid the same amount in the first jobs and so on).

>>131137777
Wall street is not desregulated, its well protected by the government and by the solely existence of the state with his regulations and controll of economy lead to corporations and private invertors doing lobby or buying out politicans so they can achieve their objectives withou any regard from the market.

>>131144262
fraud has been completely legalized on wall street

You'd think ancaps would support legalizing fraud because "muh free market"

>Wall street is not desregulated,

Funny how prior to deregulation there weren't any massive debt bubbles

what a cohencidence.

>>131141939
You make some good points. But do you really believe the economic policy transition and its effects were somehow that causally abrupt on the average American? Explain how. Until I read some new piece of information on the matter of supply side policies that don't tie it to long term degradation of economic growth and middle class purchasing power, I'm sticking with >>131142074

I get what you mean by sustained household income growth for just that period. But it's not like Reaganomics and its aftershocks were suddenly disbanded in 1988 or 1992.

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Fuck Reagan, that amnesty piece of shit

>>131144414
Debt bubbles are caused by government forcing trought the fed banks to lower interest rates and priting money (this creates an environment in favor of spending, people start to take more amounts from the banks and start spending more meanwhile their money is getting devalued by inflation which inevitably leads people to default), so much for deregulation and non-state intervention when the state bails out banks for their bad management.

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keynesian master race checkin in

Deepened the wealth gap. Kept yammering about "big government" but drove the public debt to unprecedented levels. Just your typical republican.

>>131128351
It pleases the jews

>>131128351
>What is /pol/'s opinion on Reaganomics?

Literally broke the country. Gave us a tech and telecom boom, but that ended up being so deflationary for consumer goods and inflationary in everything else that it broke the country. Started the outsourcing craziness and nonstop diaspora pouring out of California. Busted the unions which were about the best deal the plebs ever had. SLAUGHTERED established local and small businesses. Started the slow decay of our infrastructure due to neglect.

Elevated narcissism to a religion.

The 80s & early 90s were a good time to be alive, but it damn sure wasn't because of reaganomics. That was more about the music, the parties, and the optimism. Also, the environment got cleaned up quite a bit during that period.

>>131145337
>but drove the public debt to unprecedented levels

To be fair, the Dems controlled congress during both of Reagan's terms. It was a thoroughly bipartisan screwjob.

>>131146420
To be fair, you don't know what the fuck you're
talking about. Repubs had a majority in Senate
1981-to-1987