(September 9, 2012 at 2:29 am)Polaris Wrote: Actually Nixon and Reagan were pretty good at foreign affairs. Without Reagan, our current tax system would fail....people paint him as a conservative, but he really was more of a socialist.
Didn't Reagan deregulate the banks.
Quote:“This bill is the most important legislation for financial institutions in the last 50 years. It provides a long-term solution for troubled thrift institutions. ... All in all, I think we hit the jackpot.” So declared Ronald Reagan in 1982, as he signed the Garn-St. Germain Depository Institutions Act."
He was, as it happened, wrong about solving the problems of the thrifts. On the contrary, the bill turned the modest-sized troubles of savings-and-loan institutions into an utter catastrophe. But he was right about the legislation’s significance. And as for that jackpot — well, it finally came more than 25 years later, in the form of the worst economic crisis since the Great Depression.
http://www.nytimes.com/2009/06/01/opinio...ugman.html
You can fix ignorance, you can't fix stupid.
Tinkety Tonk and down with the Nazis.
