Ronald Reagan was a transformative figure in American history, but his real revolution was one of public-relations-meets-politics and not one of policy. His 1981 tax cut was followed quickly by tax hikes that you rarely hear about, and Reagan's real lasting achievement on that front was slashing marginal rates for the wealthy - even as rising payroll taxes socked the working class. While Reagan talked about cutting government, in fact Reagan expanded the federal payroll and created a huge debt. Where he shrunk government was in regulation and oversight which ledto the savings and loan crisis in the late 80's and to the subprime mortgage crisis of the late 2000's.
Foreign policy is another area where what actually happened differs from what the neo-con myth machine will have one think. Reagan's credit for ending the Cold War is off based in that Reagan was not the sole reason. As with his acting career, Reagan was a B-movie participant in that. Then the Iran-Contra scandal is a situation that Reagan escaped blame leading to the term " the Teflon President"
My next post will focus primarily on the economics of the Reagan years. You may ask why discuss the Reagan years now? The reason is because the entire neo-con position is based on a re-creation of the Reagan years which is more fiction than facts and will help us understand why the Grand Obstructionist Party has taken the position that it has with our current economic situation. It also gives the clear example of why trickle down economics is a failure.
Sunday, March 8, 2009
Thursday, March 5, 2009
The Myth Of Ronald Reagan
Beginning this weekend, I will be exposing the myth of Ronald Reagan and how Reagan's shadow has dominated the Republican Party and was the beginning of the financial disaster that we find our country in today. The Reagan trickle down economics is only a small piece of the story. What is also important is that the media's continual deification of Reagan has done a considerable disservice to the American people and has led the Republican Party to the wilderness of Rush Limbaugh.
Sunday, March 1, 2009
The Case For Reforming Health Care In America
http://www.nytimes.com/2009/03/01/opinion/01Kristof.html If you have a compassionate bone in your body, after reading this column I don't see how you can't admit that the health care system in this country is broken and we need change now!!!!!
Friday, February 27, 2009
Finally, A Reasonable Budget That Eliminates Tax Breaks For Wealthy
http://www.nytimes.com/2009/02/27/opinion/27fri1.html President Obama's budget brings credibility back by ending the Bush trick of not including the cost of the Iraq War in the budget and ending the ridiculous tax breaks that Bush and his cronies gave to the upper 3% of this country. Isn't it ironic that the big tax breaks received over the last 8 years has led to the biggest economic disaster this country has faced since the Depression??? Hmmm... I'm still waiting for Jindal, Sanford, McCain and company explain that. Maybe Joe the Plumber has the answer!!1
Thursday, February 26, 2009
After 8 years of Rich Boy President, Finally A President Who Cares and Has A Vision
http://www.huffingtonpost.com/robert-creamer/obama-and-the-revival-of_b_169800.html President Obama's speech was a breathe of fresh air having endured the last 8 years of bluff and blunder. How refreshing to have a President who can think and is more than a talking head.
Tuesday, February 24, 2009
The Grand Obstructionist Party: To Hell With You All, Its All About Being In Power
http://www.nytimes.com/2009/02/24/opinion/24tue1.html?_r=1 Jindal and Sanford are really disingenuous and its apalling to read about the plight of the unemployed in their respective states. These two, as with many in the Grand Obstructionist Party, won't be Profiles In Courage candidates!!!!
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