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<blockquote data-quote="The Other Side" data-source="post: 2457943" data-attributes="member: 17969"><p>Your history is incorrect. But that isnt a problem, let me help you adjust your sites.</p><p></p><p>Reagan only bailed out Chrysler, but 8 other domestic auto companies FAILED and went out of business during his term.</p><p></p><p>Lets look at some numbers..</p><p></p><p>First, prior to Reagan, the domestic auto sales made up a majority of auto sales year after year. Granted, the quality wasnt good and the cars fell apart quickly, but that was by design, as to employ mechanics and keep dealers in business with after sales income. (parts / service)</p><p></p><p>Reagan, pushed for the importation of foriegn cars into the USA, and we saw Honda, Toyota and Datsun enter the country. By the end of the Reagan administration, FOREIGN cars made up a majority of auto sales in this country and that KILLED some of our domestic auto makers.</p><p></p><p>Bush 1 Furthered the damage allowing more foriegn cars into the country, Mitsubishi, Suzuki,Mazda and that too killed the domestic auto industry and gave the Foreign car market the power to maintain an over 70% market share of auto sales in the USA.</p><p></p><p>Bill Clinton, came into office and IMMEDIATELY halted the importation of foreign cars into this country. He placed LIMITS on the numbers of each models that could be imported into this country, and he, working with the domestic auto industry made a deal with each side.</p><p></p><p>For the domestic auto makers, he forced them to UP their game, put out a better product, increase mileage per gallon and longevity of the vehicles themselves.</p><p></p><p>For the imports, he made it clear, if you want to sell your products in the USA, you have to MAKE THEM HERE, using american workers.</p><p></p><p>The small imported truck for example was killing our pickup truck market, so limiting them to below 150,000 units helped to revive the Domestic truck market during the clinton administration.</p><p></p><p>FYI, Infinity, Acura, Lexus are brand names of cars, BUT, you can only find these brand names in the USA, no where else in the world are these cars marketed. This was directly a product of the Clinton limitations.</p><p></p><p>Clinton would never allow foreign makers from japan to sell in the luxury market unless the cars were made in the USA and they couldnt carry the same BADGING of their japanese companies..</p><p></p><p>Infinity- Nissan / Acura- Honda / Lexus- Toyota are all made in the USA.</p><p></p><p>At the end of Clintons 8 years, the domestic auto sales were dominating all auto sales in the USA once again to levels unseen in our history.</p><p></p><p>Under GW Bush, he reversed that trend, lifting restrictions on the importation of cars and trucks and in 8 years, our auto industry was DECEMATED to the point where they almost ALL WENT OUT OF BUSINESS.</p><p></p><p>Foreign cars once again dominated the auto sales year after year during the GW BUSH YEARS and now, after 8 years of president OBAMA, our Domestic Auto is once again THRIVING.</p><p></p><p>President Obama has brought about domestic growth in our auto industry while raising taxes.</p><p></p><p>Under Reagan, cutting taxes killed the auto industry, Under Bush, cutting taxes killed the auto industry.</p><p></p><p>Under Clinton, raising taxes GREW the auto industry, Under Obama, raising taxes GREW the auto industry.</p><p></p><p>What you fail to understand about history is simple. GW BUSH cut taxes and there was ZERO growth, and we had NEGATIVE GDP until we entered into a RECESSION.</p><p></p><p>Reagans term saw deficits SKYROCKET to levels UNSEEN in American history at the time. By the end of Reagans 8 years, he racked up 3.7 TRILLION dollars in unpaid DEBT, a RECORD and at that time, was MORE than all the presidents combined going back to George Washington.</p><p></p><p>Wall street collapsed during Reagan, Job losses caused the unemployment rate to skyrocket to 10.7% under Reagan, the savings and loan industry of our banking sector collapsed under Reagan, the housing market saw record foreclosures under Reagan,and Reagan was FORCED to raise taxes on the middle class several times to pay for his record losses in revenue because of those tax cuts.</p><p></p><p>The reagan recession set this country back almost 7 years until bill clinton turned it around by raising taxes and stimulating the economy, the same as Obama has done.</p><p></p><p>The False stories of Reagans successes are that of republican myths.</p><p></p><p>TOS.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 2457943, member: 17969"] Your history is incorrect. But that isnt a problem, let me help you adjust your sites. Reagan only bailed out Chrysler, but 8 other domestic auto companies FAILED and went out of business during his term. Lets look at some numbers.. First, prior to Reagan, the domestic auto sales made up a majority of auto sales year after year. Granted, the quality wasnt good and the cars fell apart quickly, but that was by design, as to employ mechanics and keep dealers in business with after sales income. (parts / service) Reagan, pushed for the importation of foriegn cars into the USA, and we saw Honda, Toyota and Datsun enter the country. By the end of the Reagan administration, FOREIGN cars made up a majority of auto sales in this country and that KILLED some of our domestic auto makers. Bush 1 Furthered the damage allowing more foriegn cars into the country, Mitsubishi, Suzuki,Mazda and that too killed the domestic auto industry and gave the Foreign car market the power to maintain an over 70% market share of auto sales in the USA. Bill Clinton, came into office and IMMEDIATELY halted the importation of foreign cars into this country. He placed LIMITS on the numbers of each models that could be imported into this country, and he, working with the domestic auto industry made a deal with each side. For the domestic auto makers, he forced them to UP their game, put out a better product, increase mileage per gallon and longevity of the vehicles themselves. For the imports, he made it clear, if you want to sell your products in the USA, you have to MAKE THEM HERE, using american workers. The small imported truck for example was killing our pickup truck market, so limiting them to below 150,000 units helped to revive the Domestic truck market during the clinton administration. FYI, Infinity, Acura, Lexus are brand names of cars, BUT, you can only find these brand names in the USA, no where else in the world are these cars marketed. This was directly a product of the Clinton limitations. Clinton would never allow foreign makers from japan to sell in the luxury market unless the cars were made in the USA and they couldnt carry the same BADGING of their japanese companies.. Infinity- Nissan / Acura- Honda / Lexus- Toyota are all made in the USA. At the end of Clintons 8 years, the domestic auto sales were dominating all auto sales in the USA once again to levels unseen in our history. Under GW Bush, he reversed that trend, lifting restrictions on the importation of cars and trucks and in 8 years, our auto industry was DECEMATED to the point where they almost ALL WENT OUT OF BUSINESS. Foreign cars once again dominated the auto sales year after year during the GW BUSH YEARS and now, after 8 years of president OBAMA, our Domestic Auto is once again THRIVING. President Obama has brought about domestic growth in our auto industry while raising taxes. Under Reagan, cutting taxes killed the auto industry, Under Bush, cutting taxes killed the auto industry. Under Clinton, raising taxes GREW the auto industry, Under Obama, raising taxes GREW the auto industry. What you fail to understand about history is simple. GW BUSH cut taxes and there was ZERO growth, and we had NEGATIVE GDP until we entered into a RECESSION. Reagans term saw deficits SKYROCKET to levels UNSEEN in American history at the time. By the end of Reagans 8 years, he racked up 3.7 TRILLION dollars in unpaid DEBT, a RECORD and at that time, was MORE than all the presidents combined going back to George Washington. Wall street collapsed during Reagan, Job losses caused the unemployment rate to skyrocket to 10.7% under Reagan, the savings and loan industry of our banking sector collapsed under Reagan, the housing market saw record foreclosures under Reagan,and Reagan was FORCED to raise taxes on the middle class several times to pay for his record losses in revenue because of those tax cuts. The reagan recession set this country back almost 7 years until bill clinton turned it around by raising taxes and stimulating the economy, the same as Obama has done. The False stories of Reagans successes are that of republican myths. TOS. [/QUOTE]
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