RE: 17.8 lies per week
September 9, 2012 at 6:59 pm
(This post was last modified: September 9, 2012 at 7:00 pm by Polaris.)
(September 9, 2012 at 8:54 am)downbeatplumb Wrote:(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
That was more under Clinton's Presidency when he signed the Gramm–Leach–Bliley Act (pushed by the GOP), which repealed key New Deal legislation.
But if we walk in the light, as He is in the light, we have fellowship with one another, and the blood of Jesus, His Son, purifies us from all sin.