Reagan’s tax cuts saved the American economy

On 7/9/2010 12:04 PM, Salty Stan wrote:
> On Jul 9, 11:01 am, “Sid9″ wrote:
>> wrote in message
>>
>> news:arde36h2pds6rthhbkoir3n6s9htn34cif @&*$?%4ax.com…
>>
>>
>>
>>> On Fri, 9 Jul 2010 05:19:22 -0700 (PDT), Salty Stan
>>> wrote:
>>
>>>> On Jul 8, 2:42 pm, Nort…@tweet.net wrote:
>>>>> On Thu, 8 Jul 2010 08:58:33 -0700 (PDT), Salty Stan
>>
>>>> -
>>>>> The oil embargo, which reagan was fairly complicit in, was lifted and
>>>>> was primarily the “pump prime” that had nothing to do with reagan’s
>>>>> idiotic tax cuts.
>>
>>>> Reagan brought about the longest period of sustained growth during
>>>> peacetime in its history because of the end of an oil embargo!?
>>
>>> That and the massive government spending related to Military
>>
>>> It didn’t take tax cuts to cause a rise in economic growth—the
>>> entire nation was under siege of the price, or availability of oil.
>>
>>> People couldn’t travel—tourism in states went down–revenue to
>>> states dropped
>>
>>> Businesses couldn’t get products—and when they did the cost was
>>> raised to reflect fuel rates—-sales went down—lower sales meant
>>> lower revenue to state/local government
>>
>>> The entire economic well-being of America rest on a supply of gas and
>>> oil—which was curtailed SEVERELY in the latter 70′s—leading the
>>> Carter Administration to cut back, states cut back—leading to
>>> American woes.
>>
>>> When the EMbargo was lifted—the economy began to rise (on it’s own)
>>> and reagan had nothing to do with it
>>
>>> Reagan, being the sleaze he was, (of course) took credit—but he did
>>> nothing for us.
>>
>>> NOTHING.
>>
>> .
>> .
>> Worse yet, Carter had warned of the danger America faced because of our
>> dependence on foreign oil.
>>
>> Reagan reversed everything Carter did to move America forward with regard to
>> energy.
>>
>> From Reagan’s time on, Republicans obstructed a rise in CAFÉ auto standards.
>>
>> Twenty eight years wasted.
>>
>> Now we need to move forward, wind, water, solar, nuclear!
>
> Sid is right about this one – we need to develop domestic sources.
> Drill, baby, drill!