"nom=de=plume" wrote in message
...
wrote in message
...
On Sun, 31 Jan 2010 10:27:02 -0800, "nom=de=plume"
wrote:

What?? Reagan's deregulation was the problem... banks, airlines, media,
healthcare industry, etc.

NONE of the deregulation that caused these problems happened during
the Reagan administration. Reagan got you the $99 coast to coast
airplane flight and a lot of drugs coming off prescription.


You're just wrong. That's when all of the problems started. He borrowed
heavily, and even he was disappointed by the result.

--
Nom=de=Plume


Problem was the Democrat controlled Congress. After the agreed tax cuts,
the economy soared. Unfortunately Congress increased spending even more
than a soaring economy could support. Sort of like Clinton's time. Soaring
revenue, and Congress trying to spend it all. When Clinton left office, and
the dot.com meltdown was already in process, the spending was committed to
the future. Look at California at what might happen to Federal Government.
They did the same spending and increases and are now bankrupt.