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Politics

What is the reason for the decline of the United States?

Others have given much more detailed answers, but I think America peaked in the 1950s and 1960s with Eisenhower and JFK and started to decline once the 1973 oil crisis, Vietnam war and Nixon scandals hit. As many others have pointed out, Reagan has been among the biggest factors in America’s downfall. When you keep cutting taxes for the rich, its obvious the rich will keep getting richer, at the expense of the lower and middle classes. The thing is these days Republicans / conservatives will say ‘lets not help poor people’ or ‘lets not help immigrants’ because they deserve to be poor. Let the rich keep their money cause they earned it. But how much money does the rich really need? Gates and Bezos and Zuckerberg have over 50 billion dollars. That money could have gone to improving the education system, help fund universal healthcare, a better social saftey net, etc. The highest marginal tax rate of the 1950s was 90%. Now its a measly 35%.
Oh, and the military industrial complex is the other thing. The US defense budget is almost $700b now. It dwarfs all other discretionary spending. Since when did the US have to be the police force of the world? That military budget has also taken away money that should have gone to improving healthcare and education.
Somewhere along the way, Americans lost their way. they became too greedy, too selfish and unable to care about other people. today you have the most polarizing environment where they would sooner kill themselves than help the opposing party. Yes, America needs to be ‘great again’, but the answer is not electing Donald Trump.

Categories
Politics

Was Ronald Reagan a good president?

No, I don’t think so. I think he was definitely a charismatic and inspirational leader, which is part of the reason why he won his two elections by a landslide, but as to his actual accomplishments, the recovery of the economy in the 1980s was mostly due to the work of Paul Volcker the Fed Reserve chairman who raised interest rates in order to curb inflation at the time. This ended the stagflation of the 1970s. But Volcker wasn’t in favor of deregulating enough, so Reagan canned him and appointed Alan Greenspan instead, who some would say is the architect of the Great Recession of the late 2000s.

To me the worst thing about Reagan is that he brainwashed people to believe that supply-side economics i.e Reagonomics or Trickle-down economics, worked. It doesn’t. Never have and never will. It doesn’t take a genius to figure out that if you keep cutting taxes for the rich, it will increase the inequality gap between the rich and poor, which is still growing to this day, since taxes for the rich have remained low since the 1980s. It also increases the deficit, which is why you see the US national debt balloon tremendously since the 1980s. But the rich people obviously love this strategy, and so they love selling this hogwash to the general public that cutting taxes for the rich will somehow benefit the economy. Take a look at the 1950s and 1960s. Pretty good economic time. Marginal Tax rates for the rich? Try 90%. That didn’t seem to affect the economy back then though.

Categories
Politics

Who was the most qualified person never to be elected President of the United States?

I would say Henry Clay. Ran for president 3 times, everytime didn’t win. But his credentials are massive.
-US Senator from Kentucky – served 4 different’ times for a total of 16 years.
-9th US Secretary of State under John Quincy Adams for 4 years
-7th Speaker of the US house of Representatives for a total of 10 years.
-Member of the US House of Representatives from Kentucky’s 2nd district, 7 years
-Member of the US House of Representatives from Kentucky’s 3rd district, 2 years
-Member of the US House of Representatives from Kentucky’s 5th district, 2 years

That’s ALOT of political experience.