[ExI] Economy: "The Big Takeover"

[Stathis Papaioannou]

2009/3/31 spike <spike66 at att.net>:

> Thanks Samantha.  This is scary: I am seeing things in perfect agreement
> with your posts.  Everywhere I look, I see new evidences of wild power grabs
> in government, in creation of crises and taking advantage of same to grab
> more centralized control of everything.  I see massive expansion of
> government power, just the exact opposite of the right way to deal with an
> economic crisis as demonstrated by Reagan: cut taxes, cut spending, reduce
> regulation of business and personal lives.

Reagan cut taxes but the US budget deficit has been more or less
continuously increasing ever since. In fact, some commentators see the
current financial crisis as the end of a humongous bull (or bubble)
market that started with Reagan's policies of deregulation and fiscal
expansion, with the blips in the early 90's and 2000's in retrospect
being only minor corrections.


-- 
Stathis Papaioannou