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2010-08-16 Home Front: Politix

Gallup Poll Presidential Job Approval Center

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Posted by gorb 2010-08-16 03:42|| || Front Page|| [4 views ] Top

#1 Strangely enough, Reagan didn't fare as well as you might think he should have

Not strange at all. I remember the era well: the recession of 1979-81 was the most brutal to date of the post-Depression era, by far, and represented the biggest hit to the huge industrial manufacturing base-- as well as to the non-corporate small and mid-sized agricultural sector-- of the entire de-industrialization era. It was in 1979-81 that Chrysler went bankrupt, that Detroit fell from its perch, that the steel industry in Pittsburgh and Chicago/GaryIN shrank by half.

On top of that, Volcker was (successfully) wringing inflation out of the economy with double digit interest rates. Even Reagan's own party and the Wall Street Journal were criticizing his team for the harshness of their "root canal economics."

And then there was also Reagan's (again, successful) effort to break the unions, most notably with his refusal to re-hire the air traffic controllers who went on strike. Reagan was utterly hated by the union movement, which 30 years ago was about 3x its current size.

Thatcher, pursuing similar policies across the pond, was facing riots and even higher disapproval ratings. The Queen broke tradition and criticized Thatcher.

Barry's people no doubt think they're similarly resolute, and slaying dragons. Of course, they have no idea what dragons (besides lack of health insurance) they're actually slaying, or what will take the place of the rubble of the US consumer economy that was propped up on ~~sand~~ artificially cheap credit and the Fannie-Freddie crap mortgage engine.

But Barry's "transformative", as Reagan was!

Yeah, transforming the US into Mexico or Brazil. Latin America North is us.

Posted by lex 2010-08-16 10:46|| 2010-08-16 10:46|| Front Page Top

#2 Ike was the best of all. No surprise. The 50's were the best of times. Women lib's complain that the women back then were on Valium. The Women weren't forced into work as they are now. You had strong families. The major roads of interstate travel were started under Ike. Cuba fell to Castro and our airmen airlifted Cubans out and the Russian menace of destruction was always there. We had steel mills,car manufacturing, Mighty Moe's, Hot Shoppes, home milk delivery,Garfinkels and custard shoppes. Military housing was built for returning soldiers like in Greenbelt Maryland that stand to this day. Ike was a big part of this time and was well liked by all except career politicians, and the socialist left. Ike had a big heart and a grand smile. It was his heart that failed him.

Posted by Dale 2010-08-16 15:18|| 2010-08-16 15:18|| Front Page Top

#3 And nasty recessions every 3 years. Martin really knew how to grav the punch bowl.

Posted by Nimble Spemble 2010-08-16 16:09|| 2010-08-16 16:09|| Front Page Top

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