Reply to Post 93
I don't think many people especially those with selective Amnesia, understand how much damage Reagan did and how many things he damaged.
Many of the Right Winger don't remember, By 1989, more than 1,000 of the nation's
savings and loans had failed. The crisis cost $
160 billion.
$160,000,000,000,000 in 1980 is worth $518,551,456,310,679.56 today -
Banking crisis, during the 1980s and early 1990s, ranks as one of the worst global credit disasters in history. (
attributed to Ronald Reagan's Administration)
That's massive devastation when one look back and see what the 1980 figures could actually purchase. The actual valuation loss that Reagan's admin cost is tremendous. Deregulations cost California great losses, it led to many of the Aerospace Corp, exiting looking for States that embraced Reagans Deregulation. We saw the Automobile industry produce pure "crap", and that gave us what? "the K car" and the automotive industry tanked severely, the devastation that was left in Detroit is still a madness they can't figure out how to dig out of. GM once built nine of every 20 new cars sold in America between 1950 and early 1980's, its market dominance simply eroded. Along with the other two of Detroit's "Big Three" automakers.
People seem to have forgotten about Michael Milliken's Junk Bonds of the 1980's:
Michael Milken, the “junk bond king” who was charged with insider trading in the 1980s, was granted clemency by President Trump. The criminal gang continued into the Trump Admin, "
quote
Milliken had a coterie of Trump confidants championing his case. Nelson Peltz, a billionaire who threw Trump a fundraiser Saturday night, backed pardoning Milken, as did billionaire political donors Sheldon and Miriam Adelson, New England Patriots owner Robert Kraft, Fox host Maria Bartiromo, House Minority Leader Kevin McCarthy (R-Calif.), Transportation Secretary Elaine Chao and some of Trump’s New York friends.
end quote
Many Right Winger don't have the attention span to recall these things. They devote themselves to worshiping anyone who gets on the stump and promote "Belligerence". It started with Barry Goldwater, who Mixed Race with Pandering to the Wealthy of attacked Federal Regulatory Governance, to a whole new level.
This is the history of Republicanism ....
California worked itself from under the Reagan Governorship damages, but again got hit onslaught of damages caused and created by the Reagan Presidency before he left office. Properties that during the late 1970's that were selling for 30+k, suddenly became $60+K and never stabilized after that. Communities began to change, because there was high interest, busted Unions, stagnant wages, a devastated auto industry, which so much of American had been tied to, was all broken during Reagan's Administration. I watched Firestone and Good Year Tire Plants move out of LA during the Reagan's Governorship and so much began to decline of various industries and whole segments were left challenged as both main and the collateral businesses that relied on the main corps failed.
Republicanism has never been good for America and the Concept of Conservatism is pure "bullshit", it is about the wealth, not about America, and
Conservatism only means,
hold back everything from the public and feed anything and everything that can be fed to the wealthy.
PERIOD!!!
If any person want a fair deal within any kind of business, avoid "Conservatives"; dealing with them, it is a given that you will get ripped, and the fine print will always strip away any recourse to recover the damages done to you. California had to learn it the hard way... But now they know!!! except some sectors that are still with Republican enclaves.
