The Mudcat Café TM
Thread #123258   Message #2768905
Posted By: Riginslinger
18-Nov-09 - 09:51 PM
Thread Name: BS: US Health Care Reform
Subject: RE: BS: US Health Care Reform
"...California is in "economic meltdown" due not to "illegal immigrants" but to Ronald Reagan, the voodoo economics of the last 20 years, over-reliance on the housing market as an economic engine and the general economic collapse caused by wall street and commercial banking interests."

                You're partly right, Greg, Ronald Reagan had a lot to do with it. But I would argue that it had more to do with the foolishness of using a peace time military build-up in lieu of a public works program than over-reliance on the housing market (which wasn't a good thing either, but it came later).
                However, the most disasterous thing Ronald Reagan did to the economy of California was to sign the 1986 Amnesty Bill. That was really devistating.