While at the same time bankrupting his own company, what kind of leader does that make him?

Let's ask Ronald Reagan.....

While at the same time bankrupting his own company, what kind of leader does that make him?

Let's ask Ronald Reagan.....


He has no answer, he has been dead for awhile....

But you can ask Zombie Reagan!!!!!!!

;D  ::)

While at the same time bankrupting his own company, what kind of leader does that make him?

Let's ask Ronald Reagan.....


Why go back to dead Reagan, ask live bush.

While at the same time bankrupting his own company, what kind of leader does that make him?

Let's ask Ronald Reagan.....


Wow... you been working on this for the past 21 years?

By the way I am also a fierce opponent of deficit spending, but here are the stats while we are at it.  Figures are the deficit as a % of the Gross Domestic Product:


Reagan:  4.2%
Bush 1:  2% to 3%
Clinton:  (0.5%) to 3%
Bush 2: 2.0%
Obama's proposals: 3.9%  (This excludes 2009 which is of course vastly higher)


I have excluded 2009 from the Obama figures because one can reasonably argue that much od 2009 was outside his effective control as the new guy.

As to the overall size of federal spending, as a percentage of GDP here are the figures:


Since WW2, has run between 18 and 22% of GDP
Reagan peaked at 21.3%
Bush 1 ran from 21% to 22%
Clinton ran from 17% to 22%
Bush 2 Administration ran between 18 and 21%
Projected Year 1 of Obama Administration is 26%


The only guy in this list who has any bragging rights at all is Clinton, who started with a 3% deficit and gradually reduced to a 0.5% surplus.

Wow... you been working on this for the past 21 years?

By the way I am also a fierce opponent of deficit spending, but here are the stats while we are at it.  Figures are the deficit as a % of the Gross Domestic Product:


Reagan:  4.2%
Bush 1:  2% to 3%
Clinton:  (0.5%) to 3%
Bush 2: 2.0%
Obama's proposals: 3.9%  (This excludes 2009 which is of course vastly higher)


I have excluded 2009 from the Obama figures because one can reasonably argue that much od 2009 was outside his effective control as the new guy.

As to the overall size of federal spending, as a percentage of GDP here are the figures:


Since WW2, has run between 18 and 22% of GDP
Reagan peaked at 21.3%
Bush 1 ran from 21% to 22%
Clinton ran from 17% to 22%
Bush 2 Administration ran between 18 and 21%
Projected Year 1 of Obama Administration is 26%


The only guy in this list who has any bragging rights at all is Clinton, who started with a 3% deficit and gradually reduced to a 0.5% surplus.




As Lyric was getting at, there will aways be over spending, of deficit spending. It's not going to change, anytime soon.

.....and the deficit spending for Obama is trying to undo, as best as can be done, the mess of bush.  I would add quite a bit of the deficit spending attributed to Obama to the bush side.

As Lyric was getting at, there will aways be over spending, of deficit spending. It's not going to change, anytime soon.


Actually what I was getting at is that (giving Obama the benefit of the doubt for 2009), his plans for the upcoming years will be to go back to the deficit levels that the Original Poster attributes to Ronald Reagan's administration.

Note that every President usually way OVERSHOOTS his deficit projections.  So if Obama's 2010-on projections are 3.9%, I shudder to think where they actually end up.

One would think that if Obama's deficit spending were to "undo what Bush did", his overall deficit figures would be LOWER THAN BUSH's average 2.0%, albeit higher than whatever one might think is reasonable.  Instead, Obama's projections are to INCREASE the deficit, and I am not talking about 2009.

What was the deficit under FDR before the US got into WWII?  Keynesian economic works, and has been used since WWII to keep us out of depressions, which have always been a problem for capitalism.  In fact, Obama's deficit spending is trending closer to what Keynes called for than the deficit spending of past presidents.

Getting rid of the Fed Reserve would fix a lot of the problem.