Reagan lowered taxes leading to the massive US debt we have today. How is that different than Obama's Stimulus plan, except that under Reagan's plan the money goes to the rich instead of to roads and bridges? It's no wonder the rich like him since Reagan basically hosed them down with money while the govt borrowed cash to keep going.
The Chinese like Reagan too since the Chinese needed a foreign currency reserve denominated in US dollars since they didn't have gold and no one respects Chinese currency. Buying a lot of gold would inflate the price so that's wasn't an option, and Euros didn't exist then. So they buy US Treasury Bonds and get rich on the interest, and then build factories. Next thing you know 25 million factory jobs leave the US and go to China, and the same happened to Europe. So Reagan crippled a superpower with debt and crippled the West with a lack of manufacturing job and created a monster to boot. History won't be kind to Reagan, and for good and many reasons.
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Reagan lowered taxes leading to the massive US debt we have today. How is that different than Obama's Stimulus plan, except that under Reagan's plan the money goes to the rich instead of to roads and bridges? It's no wonder the rich like him since Reagan basically hosed them down with money while the govt borrowed cash to keep going.
The Chinese like Reagan too since the Chinese needed a foreign currency reserve denominated in US dollars since they didn't have gold and no one respects Chinese currency. Buying a lot of gold would inflate the price so that's wasn't an option, and Euros didn't exist then. So they buy US Treasury Bonds and get rich on the interest, and then build factories. Next thing you know 25 million factory jobs leave the US and go to China, and the same happened to Europe. So Reagan crippled a superpower with debt and crippled the West with a lack of manufacturing job and created a monster to boot. History won't be kind to Reagan, and for good and many reasons.
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