AT&T Cutting 12,000 Jobs > And in a year they'll be wishing they hadn't

reply to jc100

Re: And in a year they'll be wishing they hadn't

Economic Recovery Tax Act of 1981: the effect of Reaganomics

quote:

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vacate |ˈvāˌkāt|
verb [ trans. ]
Cancel or annul a judgment, contract, or charge.

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A) Hospitals are socialized. THEY ARE CALLED PUBLIC. You have Health insurance, but a PUBLIC / Tax Payer SUBSIDIZED hospital CANNOT turn you away. If you show up with a gun shot wound, a Public hospital by law HAS TO TREAT YOU. A private can turn you away. Not to mention, Social Security / Medicare / Medicaid are SOCIAL MEDICINE. When you turn 65, you get health care FUNDED by the government. I imagine you'll be turning it down right? Along with social security? Anyway, Public Hospitals / Colleges received 57 million to fund drugs. Don't take medicines. Tax payers SOCIALIZED their development SMART ONE.

B) Funny. A chart I found says the OPPOSITE.

»thepoliticsofdebt.com/wp-content···ge21.png

And here;s another chart showing Income rose the fastest in the last 30 years under clinton than any other president.

»www.nielsen.com/consumer_insight···e_V.html

So what's your point?? Obviously, you lack one. Regan sucked. Reganomics sucked. You've yet to prove a thing?

C) Cia did drug run. They have used this money to support wars such as the one in south America. Regan directly USED THIS MONEY to support the sandistas. It's proven. Oliver North used his inside knowledge to sell Weapons to Iran. Seems everyone was making a buck at the world's expense under Regan. What a man without character or morals.

D) Kennedy Defused the Cuban Missile Crisis Buddy. Might want to look up history regarding Cuba and the USSR and Kennedy's response. As for Vietnam, Johnson was the idiot that escalated it. LBJ how many of our kids have you killed today. Not kennedy. =). Kennedy was shot down long before it became a full blown war. Then again, we were involved there since 1959.

You B.S. Right wing nonsense might want to read the history of vietnam.

»www.pbs.org/battlefieldvietnam/h···dex.html

Obviously, I trust PBS more than I ever trust you. You are WRONG. Kennedy sent advisers =). Nice try on mixing up your crap. You shovel enough for one day.

D) Sure... And Clinton also didn't see record income creases, cut spending, etc... All Congress. President does nothing. Right? B.S.

E) Bullshit. Plenty of Republicans take home BILLIONS to their home states in Farm Subsidies and Corporate handouts. This has gone on for MANY MANY YEARS, long before 200. Don't give me that. They are less than disgusted when these big contracts go to their buddy's company. They been doing it for years and years as I said. Hell, and Ted Stevens 200 million bridge to nowhere, anyone? Palin kept the money and built a road to nowhere. =). Google that one. So yes.. don't play as if the Republicans are any different. Look at our national deficit. Since Regan got us in our first trillion, Bush Sr increased it by 3 or so more and Jr added 6 to it. Nice work ay? Ficscally sound my ass.

F) Republicans = Big Government and Big Brother. Don't see you refuting that one any either?

History? Do you know the word. Everything I found says you wouldn't know history if it came bottled up in that text book you never read.

reply to Dogfather
As a Canadian living in Los Angeles, I sure wish that health care here was socialized.
The fact that there's a 2 tiered system screws the middle class.

Those that either don't have any money, or are here illegally (big problem here in Los Angeles county) use County hospitals, which I'm heavily taxed for, yet not allowed to use. County hospitals give free shuttles, car seats, free parking, free medication, etc.

Then there's the private system which will take money for everything and everyone, and kick you to the curb the second that they think you may actually cost them anything. Private hospitals milk the medical/medicare for the 'easy' money, then kick everyone out the door over to county for anything they don't want to deal with. It should be criminal.

reply to Dogfather
I'm no economist but I'm not so sure that a chart showing that GDP and personal disposable income growth in the Reagan years highlights and boldfaces a story of success.

In 1982, the US personal savings rate was between 10-12% of personal income. This has steadily declined to essentially 0% today. Maybe I'm reaching here, but would the growth in both GDP and personal spending merely be a function of US consumers unloading their personal savings while simultaneously loading up balances on credit cards and other mechanisms of debt. In my opinion, today's recession has been a long time coming. I've read several articles in 2008 quoting that this was the first year in which the US personal savings rate dropped below zero. An even sadder statistic is that the savings rate spiked to 4-5% in the quarter that this year's stimulus checks were mailed. When an average check in the amount of $700 creates a spike of that magnitude, it speaks volumes about how close this country has walked up to the proverbial cliff.

In my opinion, the growth of the 80's credited to Reagan was just the beginning of a dangerous addiction to debt by the average Joe. Advances in computing technology at that time allowed easier and cheaper tracking of all this money, further allowing more and more people to attend the party. All this debt has been shuffled around, sliced, diced, and repackaged. This reminds me of the old joke of trying to pay your Visa with your Mastercard.

I truly hope the economy can recover but consumers won't be the ones to make that happen as they have in the past by simply spending more money. Conditions will probably worsen in 2009 and 2010 before they get better. Many fail to realize that some of the larger and highly publicized layoff announcements totalling several hundred thousand workers have yet to be executed. A majority will be completed by the end of 1st or 2nd quarter 2009.

I hope that I'm wrong, but I think that this time next year will be far worse than it is today. We may even be fooled by good economic statistics in the first half of 2009 as recently laid off workers get lump sum severances and many receive eagerly awaited 2008 tax refunds. Not to mention another potential stimulus check that the rumor mill has been circulating. What really scares me is Obama's committment to phase out our presence in Iraq in his first 18 month. I'm all for it but where exactly will all these troops go? Law states that previous employers must rehire military personel upon return. Some large companies even true up the pay difference between the private sector job they left and that in the military. Either way, the war has reduced corporate payrolls. If Obama brings the troops back to occupy slots at US bases currently filled by reservists pulled from the private sector, corporations are obligated to rehire them. That could spell even more layoffs in 2010 and beyond if current trends continue. Or, sadly, it could even sway a Democratic legislative and executive branch to keep the US war machine humming.

What a clustermess

Agreed. However, please try not to point out to many rationale statements in one post. It might confused them, and these types confuse easily. If not given a proper serving of freedom fries, war, unchecked spending, and big brother, their heads will pop. With that stated, Americans save less now than at any time. Disposable income really isn't a measure of anything truthfully. GDP and inflation are the true measure of quality of life. If your income, when adjusted for inflation is increasing, then you are doing "OK". Disposable income is merely how much can you sink yourself in debt. It doesn't mean you're making more. It just means you're maxing out more credit cards and borrowing.