reply to post by marg6043
Tell me about, Reganomics cause a panic in the stock market during his era but what is going on right now is going to give a full hart attack to the
markets this time. Thanks fro bringing the historical factor involved here with what may be a taste of the future.
I tell you I am just going to sit down and see what is coming our way next, because obviously as an American I have done what ever is needed to help
push the government in the right direction, but is to no avail, the bad polices, corruption and bad administration is just our of control. To do the
next viable thing constitutionally will sound to radical for many.
Reaganomics is the DEREGULATION of our society. Pull the plug on all the New Deal agencies and also on EPA and OSHA which are Nixon approved agencies.
(But for his criminal tendencies Nixon was a good president).
Between 1933 when the New Deal created administrative agencies to watch-dog the financial world, until 1980 when Ronald Reagan said “government is
the problem, not the solution” and “get the government off your back.” Reagan began a process to either repeal the regulations outright, install
non-regulatory types in regulatory jobs to neuter the rules, or to reduce the staff to a level where it was basically impotent to enforce the rules.
The SEC. Securities and Exchange Commission. Recall the guy who reported the Bernard Madoff ponzi scheme 2 times as long ago as 10 years? Someone in
the SEC prevented any serious investigation into Madoff. Although he operated out of a shoebox which itself should have been a flag he got by until
the very end. I start from the position nothing big happens in the world of politics by accident.
The home mortgage meltdown happened under the Reaganomics scheme. Note: From 1933 to 1980, more homes were built in America than anywhere on earth!
Under FHA and the GI Bill, not one LENDER lost ONE CENT in all those years! In 1980 the system of protecting not only lenders but indirectly
protecting buyer as well was dismantled. Now as we are leaning, the system that protected the ENTIRE world economy was totally mucked up. Thank you,
Reagan, Bush and Newt!
US home loan mortgages from 1933-1980 enjoyed a PERFECT record and that made the US owner occupied home mortgage next to GOD in safety! Little did
they know Reagan had destroyed the protections. Good appraisals. Honest lenders. Qualified buyers. And now we may have to pick up TRILLIONS of dollars
- maybe. Reagan and his followers have put our grand children’s futures into real jeopardy. Our perfect record of NO DEFAULTS is in issue. Can we
afford to "stay the course" as Bush43 counseled? Or must there come a time when America says, "Sorry, but we'll pay you a nickel on the dollar."
The Commodity and Futures Trading Commission - CFTC - had 4,000 staff in 1980. Today, on its website, it says 405 work there. This is the agency that
is supposed to protect us from SPECULATORS running the price of oil up to $147 a barrel. Gutted by Ronald Reagan and the TWO Bushes. Note: Bank of
America is taking money given to it to loan and is buying crude oil and storing it offshore in tankers until the price is RIGHT! That’s today,
February 17, 2009.
The CPSC - Consumer Product Safety Commission - which is to keep ALL LEAD out of children’s toys - it disgusts me to hear any so-called expert talk
about SAFE levels of LEAD for Children! There is only ONE safe level for a child, and that’s ZERO! (And it's advisable for adults too).
The CPSC was down to ONE full time inspector for ALL the toys imported into the US. O-N-E. And he says his laboratory is 20 years out of date. We
learned even China did not know where the many parts assembled into toys were coming from. Baby’s milk was contaminated on purpose with melamine. It
must resemble protein as that was added to make 2% milk test like 4%. Pet foods have been contaminated with ethylene glycol, propylene, toxic metals
and mycotoxins, to quote one website.
OK, point made. So what’s up? When the Democrats were in power, the Department of Agriculture, the Food and Drug Administration as well as the other
agencies charged with safety of the American public were PRO-ACTIVE. After Ronald Reagan and the 2 Bushes pushed along mightily by the Newt Gingrich
and Dennis Hastert Congress, the Government watch-dogs are now RE-ACTIVE.
None of the huge meat recalls, none of the peanut butter recalls were commenced by the Agriculture Department whose safety and cleanliness of
processed foods is their responsibility. Under the Republicans, the manufacturers or processor DO THEIR OWN inspection, and report to the Federal
Like the Georgia peanut processor whose company discovered salmonella contamination in its peanut products but SHIPPED anyway! WHAT does that tell
you? 1) This is not the first time they have done that. 2) They feel safe which means they have PAID off the Georgia inspections system and the
Fed’s are also SAFE.
The FOX is watching the HEN HOUSE and with the FARMER’S approval.
[edit on 2/18/2009 by donwhite]