billy8, Sand Springs (11/10/2009 10:21:13 AM)

when you try to change a country run on theocracy you can't win. because faith is blind.

billy8, Sand Springs (11/10/2009 3:01:10 PM)

And shortly after, reagononics ruined the economy and we've been trying to recoup ever since. We did have a boom time during Clinton,but W distroyed that, and now we're worse off than ever. I wish Obama luck in trying to fight the powers that are really in control when he tries to fix it.

billy8, Sand Springs (11/11/2009 12:39:26 PM)

Mongo, were you even around during Raygun? I remember the trickle down theory that was just a catch phrase that didn't happen like just so no. and the unemployment that started then and when constuction and the oil boom went bust. I was effected by all that hoopla that was a lie, and it took a long time to recover from it. I did gain some during Clinton, but lost it all again under W. and my investments are still falling.The recession isn't over and we will probalbly never be as prosperous as during Ike.

billy8, Sand Springs (11/11/2009 3:13:52 PM)

investing in oil was a mistake, you should have gone into high tech and alternative energy.

mongo76, (11/11/2009 11:18:22 AM)

This economic boom lasted 92 months without a recession, from November 1982 to July 1990, the longest period of sustained growth during peacetime and the second-longest period of sustained growth in U.S. history. The growth in the economy lasted more than twice as long as the average period of expansions since World War II.

From 1950 to 1973, real economic growth in the U.S. economy averaged 3.6 percent per year. From 1973 to 1982, it averaged only 1.6 percent. The Reagan economic boom restored the more usual growth rate as the economy averaged 3.5 percent in real growth from the beginning of 1983 to the end of 1990.

Enough said Billy8

mongo76, (11/11/2009 11:37:21 AM)

DANG Dusty that's depressing!

If we use having a budget surplus as the only indicator of economic growth them we are in trouble!

I guess we did not have economic growth during WWII according to those guidelines.

By the way weren't most of those budget surpluses as a result of balances in the trust funds (Soc. Sec, Highway, Medicare, etc.

Somethin' to think about?

mongo76, (11/11/2009 1:02:23 PM)

Billy8,

Yes I was around during the Reagan years. I also recall taking hits on my investments during the 90's due to sliding oil prices & the hi tech bust almost as much as the recent downturn

Hopefully, things will get better.

mongo76, (11/11/2009 3:26:51 PM)

I have & things are going OK
Best wishes to ya' & go Sandites!

fredsdad, Tulsa, OK (11/10/2009 9:55:03 AM)

Loophole,

Brilliant!

fredsdad, Tulsa, OK (11/10/2009 12:50:52 PM)

It was not Carter's fault that the hostages were taken. It was entirely his fault that they were held for 400 days. It is also true that the hostages were released upon the inauguration of Reagan because the ayatollahs knew that Reagan, unlike Carter, would without a moment's hesitation use our nation's full military power to level and blacktop the entire nation of Iran if the hostages weren't released.

Reagan also inherited a far worse economy than President Obama did.

President Reagan had far too much class to criticize Carter or to complain about the hand he was dealt or to publicly blame anyone for the state of the nation. He became President the moment he was inaugurated and took ownership of the situation and corrected it.

That kind of class is in pretty short supply today.

dustyoutlaw, Tulsa (11/11/2009 11:22:29 AM)

Actually Billy is correct. True economic boom didn't happen until Clinton. Reagan said "deficits don't matter" and BOUGHT what appeared to be prosperity with deficit spending that doubled the national debt.

The truth is that you don't have a booming economy unless your govt has a surplus. Which Clinton's did and GW Bush blew prior to 9-11.

cepan, Sapulpa (11/10/2009 10:51:55 AM)

If you can understand a cork screw, you can understand Iran.

Oldfatdude, Shàngdu (11/10/2009 10:11:47 AM)

Rigby,

Absolutely correct!

Four Sixteen Rigby, Tulsa (11/10/2009 5:48:56 AM)

Iran is what happens when you let the clerics take over a country. Muslim, Christian, Buddhist, it doesn't matter.

Michael Keller, (11/10/2009 11:28:31 AM)

Reagan should have given public credit to Carter for that.

Loophole, (11/10/2009 6:59:43 AM)

Iran is what happens when you bridle the strength of a super-power and humble it before the world. . .

just passing through, (11/10/2009 10:45:33 AM)

Iran is a complicated stiuation about two hundred years in the making that would take several years of intense study to understand.