Dow Drops More Than 500 Points

[Slingin Sammy 33]

Originally Posted by That Guy

reagan I'm a big fan of reagan, but people seem to mis-remember the actual details of his years in office. he beat the reds and people liked him, but he was very much a moderate in today's terms... unelectably so (well, unelectable by the rep party, the popular vote would be there, he'd just never get the chance to get on that ballot).

I'm a big fan of Reagan too, and although he did increase some taxes, overall they were lowered a great deal from the 70s and the country/economy was on the right track. He had two primary goals, defeat the Soviets and get the country on sound financial footing.

I disagree that Reagan would win in the GOP primary, McCain was the 2008 candidate and Romney is leading the polls last I checked by a good margin, we'll see how things go tonight.

At some point the line has to be drawn on tax & spend. I can live with modest across the board tax increases, but they have to go along with a BBA and real reform to entitlements. Without a BBA and real entitlement reform, no way I'd support raising taxes. I certainly don't trust a D in the WH and a D controlled Senate to rein in spending (I was no fan of Bush's spending orgy either, he was certainly no fiscal hawk).

I think both parties are under too much assault from the fringes, but with the blogs, web, social networking, and 24x7 information overload it allows the loudest voices more access than they ever had in the past.