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by kuni-toko-tachi
3976 days ago
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Utter leftist nonsense. Reagan was responsible for the biggest and longest economic boom since World War 2, he freed millions of people from the miserable tyranny of communism. His tax cuts and deregulation revitalized the American economy. By winning the cold war through strength, he allowed Clinton (forced by strong Republican leaders in Congress) to demilitarize and reap the cost savings which balanced the budget. The decline in wages has nothing to do with him, it has everything with productivity gains through technology and by loss of bargaining power through illegal immigration and by "free" trade agreements like NAFTA - passed by Clinton - which were pure crony capitalism purposely designed to chop the legs out from underneath the American worker. This, combined with out of control government spending - which funnels money printed out of thin air through Wall Street is what caused the conditions described. |
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