>>520963031
>>LBJ puts the US in the worst debt it's been in since WWII
>>it's to pay for niggers
This is literally a nonsensical point. The debt increased under Johnson, as it did under the presidents before him. Neither the debt nor the deficit were out of control under him, and the primary reason they rose was because of Vietnam and LBJ's tax cuts.
>>US has to run a permanent trade deficit with the rest of the world with constant inflation to remain reserve currency
Again, the 1971 downturn was much more the result of Vietnam, which Nixon kept us in and global trends outside the control of any one American president.
>>socialists blame nixon and reagan
Nixon literally handled the 1971 panic as a socialist and while he handled that well, he caused the mid to late 1970s recession and oil crisis by supporting Israel in the Yom-Kippur War and Reagan's destruction of the economy is already documented.