Liberal Forum

AmazonTania » 18 Feb 2014 5:54 pm » wrote: You may not believe it, but Reaganomics actually involves deficit reduction, which obviously did not happen. It also involves cuts in marginal tax rates, tightened monetary policy to control inflation and reduction in regulations.

You mean his posturing, not his policy?

I DO believe it.

AmazonTania » 18 Feb 2014 5:54 pm » wrote:Reagan only managed to accomplish one of those goals. Reaganomics was never implemented in the United States, or anywhere for that matter.

Something was. It lives on. Neoconomics - you pick a name. It's killing America.

AmazonTania » 18 Feb 2014 5:54 pm » wrote:Now that you mention it, I do work in Wall Street and as far as I can remember, the financial industry was heavily regulated. At least since the passage of the Patriot Act, which increased government intrusion in the financial sector for the purposes of catching money laundering from terrorist activity and suspect income.

That's great. So I guess we had "derivative debts" under FDR's game rules?

AmazonTania » 18 Feb 2014 5:54 pm » wrote:Anything out of the ordinary, I am required to report it to the SEC, who in turn reports said activity to Homeland Security/IRS/CIA/FBI/ETC.

So we have the SEC peeking around for terrorists instead of keeping watch over the trillions of anonymous dollars that occasionally attract unsavory types? Marvelous.