McCain: “We need to return to the Reagan years… we need less regulation.”
The above quote from McCain was not from his days just after the Keating 5, no… it was in a PBS interview from this year. [PBS “Washington Week,” 1/25/08]
Despite his claim to hate the debt, Reagan instituted unprecedented peacetime deficit spending. This is not partisan politics, this is straight off the White House web site. As the graph shows, Bush II repeated Reagan’s performance and turned the debt upward again. (Bush II’s own Office of Management and Budget provides all this data).
The Bush II curve on this graph is much less steep than it should be. This data was plotted before the new bailout crisis which will raise the statutory limit on the national debt from $10.6 trillion to $11.3 trillion to make room for the massive rescue … not to mention the over 600,000 jobs lost this year through August.
Look hard at this graph. Notice which presidents managed America better. Any questions?
And McCain wants to return to the Reagan years.
I think we need a change.
The views of William do not reflect the views of the other contributors of TenneseeFree.com.
That should be self evident.
I report, you decide. This is much more about facts and statements than opinion. I welcome your examination of the facts.
(psst– that spending ultimately led to the end of the Cold War.)
BS - diplomacy caused the end of the cold war (ie - talking to our enemies) Psst… that spending cause the recession in the early 90’s that cost Bush I his job. History repeats, but only worse this time.
We’ve spent, and spent, and have as a result the highest standard of living and the most freedoms of any nation on the planet.
I’m glad I was born in the U.S.A., and not, say, Paraguay.
Oh. OT, but Pol Pot was a community organizer too.
You’re funny. THe diplomacy occurred as a result of Reagan applying economic pressure on Russia– namely, outspending them on missile defense and technology improvements. Gorbachev recognized that Russia couldn’t compete, as the GDP of Russia had sunk to an abysmally low level. Communism wasn’t working, and the continued Cold War with the West was a drain on their economic resources that finally led to the collapse of the Soviet regime. The diplomacy was Russia effectively saving face after losing an economic war they couldn’t hope to win.
The current crisis is a result of the housing crisis, spearheaded by Bush and Democrats, to assist those who couldn’t afford a house to buy a house. And, psst, it wasn’t spending that led to this crisis– it was mind-numbingly thick policy on behalf of the Daschle-led Congress and Bush 43.