Tuesday, January 09, 2024

the purpose of deregulation of industries in the USA when Reagan was elected, was to make rich people ridiculously wealthy. It worked. But... it wasn't good for the other 95% of Americans as govt regulation and inspection was drastically cut.


22 train cars of liquified natural gas have the equivalent energy of the Hiroshima atomic bomb. 33,000 gallons per car... 

John Oliver tackles one big issue per show episode. Quite often, it's very interesting. 

the Reagan budget and deregulation situation also resulted in closing the psychiatric hospitals that had the ability, the drs, and the budget to help the mentally damaged... so instead of public treatment, they are homeless... and self medicating with narcotics. 

Banking was deregulated... that didn't turn out well ( the savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 32% (1,043 of the 3,234) of savings and loan associations (S&Ls) in the United States from 1986 to 1995) and the 2007-08 home loan scandal and associated recession and govt bailout. 

3 comments:

  1. and yet people keep voting republican and wishing that something different will happen...

    The only significant legislative achievement of the Trump presidency was a tax cut that went 95% towards millionaires and added $1.9 trillion to the national debt. All in Trump added $6.7 trillion to the national debt (a 33% increase). 40 years from now some comedian will bring it up and shocked republican voters will shake their heads...

    ReplyDelete
    Replies
    1. and democrats are willfully blind and ignorant of the facts, and choose to sidestep the fact that Obama grew the debt by 7.6 trillion. https://www.investopedia.com/us-debt-by-president-dollar-and-percentage-7371225

      Delete
    2. and yet democrats and liberals will hug themselves in their empirical egos and feel that they are doing something wonderful by ignoring the wide amount of info available, that shows what a bad choice they make, and can't escape, because the two party system fails us all.
      https://www.thebalancemoney.com/us-debt-by-president-by-dollar-and-percent-3306296 shows that Obama raised the national debt 8.6 trillion, 76%, and Trump only 6.7 trillion, just 33%.
      How's them apples taste now?

      Delete