Comments by "Meh Pluribus Unum" (@pluribus_unum) on "US inflation hit a new 40-year high in May of 8.6 percent" video.
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@jackcaffrey8493 - Reagan was awful for the economy, which I know first-hand.
Your devotion to Trump, Reagan, and FOXNews isn't serving you well.
Reaganomics being an unparalleled success is a fairy tale.
"Note that President Reagan was never able to make good on the promise of reducing government spending (discussed in a moment) nor balancing the federal budget.
Interestingly, while the Economic Tax Recovery Act would become the most sacred cornerstone of modern day Republican Party ideology, the ideas were not immediately taken to heart by many Congressional Republicans of Reagan’s era. These Members, along with most Democrats, were skeptical of an approach that was designed to improve the economy by making life harder on the nation’s poor, not to mention the fear that such policies could negatively impact their own political futures."
"Nevertheless, and in no small measure the result of the sympathy felt for President Reagan when he was hit by an assassin’s bullet in July on 1981, the bill was passed into law approximately a month after the failed attempt on Reagan’s life."
"Mae no mistake—things most assuredly became harder for all but the wealthy who, as the primary beneficiaries of the across-the-board 24 percent tax cut, watched their net worth skyrocket as those less fortunate or less successful took a major hit.
With dramatic cuts to the social welfare safety net—including deep cuts even to the budget for kids who received their primary source of nourishment from school lunch programs—things were pretty grim for those without money. And they were about to get a whole lot worse as the Federal Reserve raised interest rates in response to the mad inflation that was growing annually at an astounding 14 percent.
Unable to borrow money at an interest rate they could afford, 17,000 businesses had failed by the fall of 1982 and unemployment reached record highs. With the national debt also at a record high, even supply-side gurus like David Stockman, Reagan’s budget director, pushed the President to raise taxes in order to put some money into the national treasury or face even greater debt as the nation would be forced to borrow to make up the difference.
Reagan agreed to rollback the corporate tax cuts and, to a much lesser extent, the individual income tax cuts. By the time he was finished with the adjustment, he had undone approximately one third of the tax cut put through the previous year."
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@allenvestal4474 - Biden caused the war in Ukraine now too? You aren't a serious person.
Putin was going to invade regardless. COVID-19 delayed him. Neither Trump, nor Biden mattered much in his plans.
"The truth is that during his administration, Trump’s policy alignment with Putin advanced the aims of Russia’s political elites, who could imagine that the United States was on their side. Their comfort with Trump was evident from the start; Americans may remember that Foreign Minister Sergey Lavrov was warmly received in the White House and photographed in the Oval Office, while Russian parliament members toasted Trump’s electoral victory in 2016."
"This comfort evaporated with the election of Biden. And for good reason: from the start, the Biden administration has been at odds with Putin on the issues Putin needs to care about to preserve his own rule. After Biden’s election, Russian political elites once again articulated profound, existential anxieties about a renewed United States projecting its power abroad. State television in Russia emphasized the Kremlin will not allow American influence in Ukraine, “regardless of the cost to us, and regardless of the cost to those responsible for it.”"
"The Biden White House has taken positions opposite those of the Trump administration on NATO. Biden has insisted on principles of state sovereignty, reaffirming and rebuilding the United States’ trans-Atlantic relationships, including strengthening NATO."
"Biden took meaningful steps to support Ukraine in defending itself. Far from undermining Ukraine’s democratically elected government, the Biden administration has tried to create roadblocks for the Kremlin by getting inside Putin’s decision cycle, declassifying and broadcasting intelligence about Russia’s plans to attack Ukraine. Biden exhausted diplomatic channels trying to come to a peaceful resolution and worked with allies to prepare a sanctions package in advance of a Russian invasion."
"And Biden has worked to protect democracy. Unlike Trump, rather than questioning the integrity of contests his party lost, Biden has spoken forcefully about the close legal scrutiny and fairness of all the 2020 elections. And he has supported congressional efforts to protect the franchise in the United States."
"In Trump, Putin had a fellow-traveler. Far from ensuring world peace, the Trump years instead offered Putin a useful pause he utilized to further military readiness and prime the Russian population for a hot war. Earlier this month, the Russian state adopted new standards for mass graves — not because of the coronavirus pandemic in Russia, but for situations that involve “urban destruction.”"
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