To say we had a lively conversation yesterday, would be an understatement. Speaking about Paul Krugman's Opt-Ed piece in yesterday's New York Times, we were joined by notorious radio show host, Mike Papantonio, who decided to make irrational comments about Reaganism and how the current financial crisis is a result of trickle-down economics (or the failure of it, as he sees it).
What Mr. Papantonio doesn't understand is the USA was in a downward spiral when Reagan took over, following a very weak showing by Carter. Reagan not only lifted this country economically, but he raised the image and added gravitas, and brought a sense of pride Americans were missing at that time.
I'm sure Mr. Papantonio and Mr. Krugman wouldn't want us to revert back to a time of heavy regulation, low productivity, and a weak defensive position, right?? Oh, hold on--that's kind of where we're headed now, isn't it??
I hope to have the clip of the show up on the blog later today. I'll keep you posted.
Todd M. Schoenberger, Managing Director
LandColt Trading, Inc.