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mikescott
19-06-2004, 06:28 PM
That gut feeling

How did he do it, those puzzled intellectuals still ask? By being primally American: nonchalant, ever-hopeful, tough as an old boot when necessary. By plucking the hearer's heart, in speeches written for him by speech-writers who knew what phrases—“the surly bonds of earth”, “the boys of Pointe du Hoc”—would flow naturally from his lips. But above all by knowing that mere reason, essential though it is, is only half of the business of reaching momentous decisions. You also need solid-based instincts, feelings, whatever the word is for the other part of the mind. “I have a gut feeling,” Reagan said over and over again, when he was working out what to do and say.

And what might he be thinking this week, now that he has cast aside the particularly surly bonds of his last years on earth? Ronald Reagan believed in American power, not just the military sort of power but also economic strength and that special American gusto. He had no problem with the idea of an American imperium. But he did not mean by that word an empire of the sort the Europeans used to have.

The European empires were far-off lands controlled by the imperial power, which sent out its soldiers and judges and “collectors” to govern them. When the end of the cold war opened the door to a new, post-20th-century world, Reagan hoped that American power could now be used to help far-off people decide for themselves how they should be governed. He reckoned most of them would choose the democratic road, bumpy though it often is—and be duly grateful to America. There was nothing wrong or ignoble about that hope. It has become reality.

zyreon
19-06-2004, 08:26 PM
are you a communist minder?

Capitalist
20-06-2004, 02:13 PM
The truth in less than 100 words:

"It rarely occurs to economic thinkers that people work or invest in order to generate the highest possible after-tax return. When it pays more, after tax, to take investment risks, more individuals are willing to change their behavior and assume greater risk. Tax risk less, and get more of it. Tax production more, and get less of it.
This was the essence of Reaganomics. It recognized the power of the individual to make choices in daily economic life. It also recognized the crucial economic theory of marginality. At the margin, what truly matters is the extra work effort, the extra investment dollar and the extra unit of profit, all measured in after-tax terms." Larry Kudlow

belgarion
21-06-2004, 07:31 AM
And still using less than 100 words to tell the 'truth', Ludite should have added ...

"But then any moron can increase GDP by running up hugh govt deficits."

mikescott
21-06-2004, 08:26 AM
So how come morons like Muldoon (the world's greatest socialist)and all the communist countries could not generate strong economic growth and jobs through deficit spending?

You write like a moron, Belgarion so must be one.