Soaps.com - MESSAGE BOARDS

Quote OspreyGirl: Errr...what happened to the Sarah Palin thread? LOL

Quote OspreyGirl: Errr...what happened to the Sarah Palin thread? LOL

Quote cats meow: i need someone to explain something to me, why is it the republicians are always lamenting about huge spending by democrats?? didn't obama just inherit a HUGE deficit and weren't the republicians in charge for the last 8 years? i don't think george w inherited those numbers after clinton did he?

BTW, lovin, i think your avi is hilarious

Quote luvinthesoaps: mediamatters.org/items/200902110018

In recent discussions of the economic recovery package supported by President Obama, Sean Hannity and Rush Limbaugh have repeatedly claimed that President Reagan's tax cuts were responsible for ending the recession in the early 1980s, suggesting that tax cuts, and not government spending, would be the most effective policy to end the current recession. However, several economists have stated that while fiscal policy had some impact during that period, in the words of an August 1983 Congressional Budget Office (CBO) report, "[l]ower interest rates after mid-1982 permitted the recovery to begin." Contrary to Limbaugh and Hannity's suggestion that policies implemented under Reagan would be effective at fighting the current recession, as Nobel laureate Paul Krugman has noted: "Right now, the [federal funds] interest rate is zero. The Fed[eral Reserve] can't rescue us this time, and that's why we can't do the things we did in the '80s."

The recession to which Hannity and Limbaugh referred began in July 1981 and ended in November 1982. The federal funds rate peaked at 20 percent in late May 1981 and dropped to 9.5 percent by mid-October 1982, while the discount rate peaked at 14 percent in early May 1981 and dropped to 9.5 percent in mid-October 1982.

Discussing the economic recovery plan on the February 9 edition of Fox News' On the Record, Hannity stated, "[W]e do have an example that did work. This -- and by the way, this is not the worst economy since the Great Depression. Ronald Reagan had 21.5 percent interest rates he inherited. ... [I]nflation was rampant. Unemployment -- we had lost 10 million new jobs. We have experienced tough economic times. His answer was to drop the top marginal rates to 70 to 28 percent." Hannity claimed that because of Reagan's tax cuts, "We created 21 million new jobs, doubled revenues to the government, and we had the longest period of peacetime economic growth in American history," adding: "That is my answer. Go give the money to the American people."

On January 30, Limbaugh made a similar claim in response to the assertion by CNN chief business correspondent Ali Velshi that "[t]his is not the economy that Ronald Reagan ever saw. We have not seen anything like this in our lifetime. Anybody who tells you this is how it works is lying," Limbaugh said: "[I]n 1986, GDP was down over 6 percent. We were in a recession. What was the centerpiece of Mr. Reagan's economic recovery plan, Mr. Velshi? Let me spell it for you: T-A-X-space-C-U-T-S." Limbaugh continued: "When Ronald Reagan took office in 1981, the top marginal tax rate, Mr. Velshi, was 70 percent. When Ronald Reagan left office in 1989, the top marginal tax rate was 28 percent. The only way you can say the tax cuts didn't lift us out of a recession is if you want to lie like Bill Clinton did and claim that the '80s were the worst economy in the last 50 years. But you go back, you look at the prosperity that was created by those tax cuts throughout this country, look at the prosperity that was created through the '90s that Bill Clinton got to claim the credit for."

However, many economists credit the Federal Reserve's reduction of key interest rates with initiating the recovery from the 1981-82 recession -- a change in monetary policy that is not currently available. For example, the August 1983 CBO report, titled "The Economic and Budget Outlook: An Update," concluded that "[l]ower interest rates after mid-1982 permitted the recovery to begin":

Quote cats meow: the last 8 years were the worst we have had in my lifetime, no republician seems to remember that, blaming the dems and obama for everything and he hasn't been in office a month

Quote Blue 501:

Yes, and they just get mad if you remind them they had it all their way for 8 years and now look.

Quote cats meow: quote FF... Last I saw of it cats meow's friend had posted in it that all liberals and progressives were really just communists...after that it soon disappeared from the lounge.

I would just like to address that point...if all liberals and progressives are communists, then all conservatives are nazi's. If you think this is a little strong or just more name calling...try this.
Listen to Glenn Beck, Bill O'Reiley, Rush Limbaugh, and Lou Dobbs talk about "illegals" and immigration, then go and read the writings of Anton Drexler, Gottfried Feder, and Dietrich Echart... you will find many errie similarities.
These three men were the ones who started the early nazi party and recruited adolf hitler.

yes we are friends, and she has a right to express her ideas as long as they are in the correct thread, and for the record, we are total opposites politically, many threads are closed for a number of reasons, you can always start another one

Quote Blue 501:

I seem to remember that Reagan gave a tax cut but took away most of the deductions we middle class folks could use. Wasn't it during his administration that it began that you could only deduct medical expenses that were over 7.5% of your income? And THEN I think he quietly raised the taxes again.

Quote Eppy: I'm at the point where I don't want to post in ANY political thread. Not that I don't have opinions, but....I also have friends here also who are the complete opposite in their political phylosophy. The best way to lose a friend is to engage in arguments about politics and religion. As far as I'm concerned, Rush Limbaugh, and his ilk already mentioned, are hot-air wind-bags, and totally in love with the sound of their own voice. They are so impresssed with themselves, they care not WHAT misinformation they spew as long as they can get a few like-minded people to genuflect at their feet!!

Quote Eppy: I'm at the point where I don't want to post in ANY political thread. Not that I don't have opinions, but....I also have friends here also who are the complete opposite in their political phylosophy. The best way to lose a friend is to engage in arguments about politics and religion. As far as I'm concerned, Rush Limbaugh, and his ilk already mentioned, are hot-air wind-bags, and totally in love with the sound of their own voice. They are so impresssed with themselves, they care not WHAT misinformation they spew as long as they can get a few like-minded people to genuflect at their feet!!