this post was submitted on 24 Sep 2023
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Political Memes

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[–] spacecadet@lemm.ee 0 points 2 years ago (2 children)

There has been 6 presidents since Reagan, how is our current economy his fault?

[–] Zorque@kbin.social 0 points 2 years ago (1 children)

Because actions can have long term consequences, and fixing those consequences can take a long time. Especially when people invested in the status quo hold a lot of power.

He's not solely responsible, but he was a gatekeeper of a lot of shit that was let loose during his tenure.

[–] spacecadet@lemm.ee 0 points 2 years ago* (last edited 2 years ago) (1 children)

I mean there is like 100 other things I can think of that are more responsible for todays economy than a president from 40 years ago. That would be like Reagan blaming Hitler for an economic slump.

[–] HubertManne@kbin.social 0 points 2 years ago (1 children)

The precedence for not having adequate taxes for high wealth has been devastating for our busineesses. You use to have to be good to make money back then as opposed to simply having large amounts of money allowing to easily grow it. Earning an additional dollar in investment was harder and harder the more your company made which forced it to run efficently or several smaller ones could eat your lunch.

[–] OddrunAsmundr@lemm.ee 0 points 2 years ago (1 children)

Can you elaborate or reference books or economic terms on this? Genuinely interested, never heard this before.

[–] iheartneopets@lemm.ee 0 points 2 years ago (1 children)

I almost wish there was a hell, so I could go to there and beat the shit out of Ronald Reagan.

[–] cavveman@lemmynsfw.com -1 points 2 years ago

There is. You're living in it now.