Ah yes, another member of the GOP that sank the economy in about 9 short months. I remember the days well.
I began the lengthy purchase of a new home in April of 1980 the price, $33,000. By the time I could get even close to the closing, Ronnie’s Tinkle down the American working class leg, economic strategy was in full gear. So, what happened? By the time I could get financing set-up, the seller grabbed it back and put it the market for $90,000. Great windfall for someone I suppose. The problem is that now the seller would have to pay $270,00 for a once $90,000 home, who got rich? The investment bankers, that’ it.
Only just recently have these investment scams been brought to light and prosecutions have begun. Remember, Harvey Milken the “penny stock winners”, the PTL (Pay The Lady) ponzi scheme, and of course let’s not forget about oil.
The GOP bases their entire economic strategy on only two things:
1) What comes out of the ground, oil, real estate
2) War, the military build-up process
Recent history has shown the American population that this strategy has drastically failed once again.
So here’s to you Ronnie — Two thumbs down for aiding the rich, and screwing the poor