Is it true? Did the G.O.P. destroy the American Economy?

Maybe we should look at ourselves.Not many people were complaining when we all had credit cards,cell phones,flat screens.There is plenty of blame for both parties,and enough left for we the people,who elected the sob's

GOP -ideas- ruined the economy. The GOP didn't implement these ideas all by themselves, they threatened, goaded, tricked and cajoled the Democrats into going along with them some of the time. So there's a lot of blame to go around.

It began with Reagan. Reagan had the simple, but popular, idea that we could balance the budget by spending MORE and taxing LESS. At the time, this was like one of those fad diets where you lose all the weight you want by eating only cotton candy and whole sticks of butter. People should have known it wouldn't work, but it had the great charm of never actually having been tried.

Reagan ran as a strict budget hawk but he accomplished something no president had ever done up to that point. He doubled the entire pre-existing national debt in a single term. He turned the US from the world's biggest creditor nation to the world's biggest debtor. Even well into his second term, after doubling the whole national debt, Reagan still was insisting the tax cuts would stimulate the economy enough to pay for themselves. The tax cuts were accompanied by enormous spending increases, and that did stimulate the economy a little, but not enough to pay the interest on the new debt.

But Reagan was the 'great communicator', he just knew how to make people feel good. He could actually make people believe things were great. No president has ever had that kind of power. GHW Bush, after calling Reagan's ideas 'voodoo economics' when he ran against him in 1980, now touted Reaganomics, driving us even further into debt during his term.

Reagan also believed in total deregulation, and we have had maybe a dozen major disasters since the 1980s caused by insufficient govt. oversight. The S&L debacle, actually a number of banking catastrophes, food quality problems that have killed people because of insufficient inspection and enforcement, failure of companies that were 'too big to fail' like Enron, Worldcom, AIG, and GM. The sub-prime mortgage fiasco. Even the BP oil leak in the gulf was caused by insufficient govt. oversight. All the really big problems we have today can be traced to the big Republican push for deregulation.

But Democrats cooperated in a lot of this. Bill Clinton continued Reagan's trend of deregulation and globalization of industry. Even when the Democrats were in charge, enough of them voted with the Republicans to further their goals and their economic program. So there's blood on both parties' hands.

The Federal Reserve, The Democrats, and The Republicans ALL destroyed the American economy.

Providing incentives to give people homes where they couldn't otherwise afford it.

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Both parties really play from the same play-book. Spend, spend, spend. Print more money and spend it. Republicans tend to spend on wars and foreign aid, Democrats on enormous social welfare projects. There's no limit really because Congress always raises the debt limit in the end.

Don't consider that to be right

Congress is in control of the money and spending. They've been in power since 2007.

Yes, but they aren't alone in this. The Federal Reserve and it's endless printing of fiat paper money destroyed the economy.

Haha, have you noticed who's in power, and has been for quite some time, plus when the dems took Congress with Bush still in office?

Yeah, though so.

Democrats are good liars. The Democrats have been in controll of both houses of congress for the last 4 years. Bush was one person !

IN NOVEMEBER YOU LIBERAL IDIOTS ARE GOING TO GET CRUSHED BECAUSE LIBERALISM FAILS JUST LIKE COMMUNISM DOES !

JUST WAIT UNTIL NOVEMBER, I ALREADY BOUGH A CUBAN CIGAR AND A BIG BOTTLE OF CHAMPAIGN !!! lol

Yes, by demanding that banks make loans to people who couldn't afford to repay them and having the govt guarantee them. Oh, wait. It was the dems that did that. Never mind.