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SpecialBrew 1
Yes, I feel like the 2 rules for studying President Reagan should be:

1) Take with a bucket of salt anything Democrats said about him DURING his presidency.

2) Take with a bucket of salt anything Republicans have said about him AFTER his presidency.
Posted by SpecialBrew on February 16, 2012 at 9:13 AM
2
We really should start calling it The European Plan. The Republicans will love that.
Posted by David Nixon on February 16, 2012 at 9:32 AM
3
The only problem with the European vs US approach to the economic downturn is the fact that the social safety net and human services programs in place in Europe is so much bigger than what is available here. So while their cuts have been severe to them, if we had what they still have, it would seem overly generous. It's difficult to compare our minor increases with their cutbacks.
Posted by TJ on February 16, 2012 at 9:49 AM
Supreme Ruler Of The Universe 4

Eurocrats will party until someone calls them on their overvalued currency.
Posted by Supreme Ruler Of The Universe http://www.you-read-it-here-first.com on February 16, 2012 at 9:52 AM
Max Solomon 5
Reagan's deficit spending worked to briefly balance the budget TWELVE YEARS LATER?
Posted by Max Solomon on February 16, 2012 at 10:00 AM
zombie eyes 6
Time spent on rational, cogent argumentation against today's conservatives would be better spent whacking moles in your front lawn.
Posted by zombie eyes on February 16, 2012 at 10:08 AM
Mike Force 7
Targeted austerity while still spending on jobs seems to be a balanced approach that is currently working here. The Greeks got what they deserved. They had a cultural proclivity to over-borrow.
Posted by Mike Force http://www.autotone.net on February 16, 2012 at 10:38 AM
8
Keynes considered tax cuts to be government-induced stimulus. So when repubs say they are not Keynesians they are not being truthful.
Posted by ejamadoodle on February 16, 2012 at 11:14 AM
Fnarf 9
@5, yes, this is exactly the Republican position.

You should read what Bruce Bartlett, one of the architects of Reaganomics, and author of several influential supply-side economics books, has to say about today's Republicans:

http://occupyamerica.crooksandliars.com/…
Posted by Fnarf http://www.facebook.com/fnarf on February 16, 2012 at 11:17 AM
10
The Republicans want austerity AND more tax cuts. They're Keynesians all right; Keynesians who exclusively advocate for the wealthy.
Posted by keshmeshi on February 16, 2012 at 11:20 AM
Teslick 11
Don't forget the effect of the massive runup in defense spending during those years.
Posted by Teslick on February 16, 2012 at 1:08 PM
12
"if deficit-causing tax cuts can stimulate the economy, why not deficit-causing spending?"

Is that a real question? Probably because tax cut money gets used much more productively rather than on a bunch of nonsense make-work projects?
Posted by Reader01 on February 16, 2012 at 6:17 PM

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