Dow Drops More Than 500 Points

Schneed10

Man, do you guys put as much effort into your jobs as you do into debating?

You must be superstars.

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That Guy

reagan put in withholding, raised taxes on new investment, and vastly expanded the dept of Education (which he said he'd completely dismantle in his campaign).

the rep. party has veered soo far right, there's no way he'd be elected, cause he made deals with democrats, which is unacceptable :P and he tripled the national debt, which the right definitely couldn't stand for... i guess, even though gw bush vastly expanded gov. and debt too (medicare, tax cuts, TSA).

the ridiculous tax structure in california began with reagan (first year, he upped cig tax, gas tax, death tax, sales tax, etc etc etc... we're taking 40%+).

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).

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Beemnseven

Check out the new documentary by Eugene Jarecki (who I think is one of the best documentary filmmakers out there). Jarecki also directed the film "Why We Fight", a movie that just might turn you to the anti-war side. He takes a good look at the legend of Ronald Reagan -- how his legacy is shaping the field of politics now.

mlmpetert

any bets on if we end the week positive or negative?

S&P 500 INDEX,RTH Index Chart - Yahoo! Finance

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Slingin Sammy 33

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.

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12thMan

Looks like we're back to "normal" on the DOW.

12thMan

Thought I'd add this to the ongoing discussion re: WH regulations

White House: Red-tape cutting to save billions - Jennifer Epstein - POLITICO.com

firstdown

Probably just cutting some of the regulations they have passed over the past couple of years. I see what they have done on my end with people trying to get a loan to purchase a home. I have seen my work double just writing the homeowners because the closing keeps getting pushed back because of the time it takes to get a loan approved.

12thMan

So the WH has passed all of these imaginary regulations, in two years, only to spend millions undoing them and wiping them off the books? Do you even believe what you just said?

firstdown

They are not imaginary regulations unless your saying he has lied to us again. Seeing that some only cause more problems then they help and removing them is actually a good idea not a bad one.

12thMan

More proof that the regulation boogeyman is more myth than fact.

Obama Wrote Fewer Rules Than Bush, Cost More - Bloomberg

dmek25

dont cloud FDs mind with facts, ok?

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Slingin Sammy 33

Proof that ObamaBearPig will come through the wormhole from Imaginationlad and over-regulate your head off!!!!!

Obamacare menu regs eat into small-business profits | Philip Klein | Opinion | Washington Examiner

Many of course will discount this because it's from Heritage, but if you check the sources and actually read the full link, there is no disputing the facts.

Red Tape: Rising Cost of Government Regulation

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...[If] an angel fairy came down and said, '[You can have anything]....you would like to own,' I wouldn't be surprised if you said a football club and particularly the Washington Redskins.'' — Jack Kent Cooke, 1996.