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Yes, it all started with Reagan. Yes, it did.........
"How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."
Get it? Not "destroying." The GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse."
That was the goal of the Republican policies since Nixon. Create an economy of the haves and the have not’s in order to cement the class differences in the society. The hyper wealthy can make money at any time but recession can destroy the finances of the poor and working class and speculation is even more effective.
MISSION ACCOMPLISHED
Either Stockman developed a guilty conscience (which, for some reason, I tend to doubt) or he got paid handsomely to write that article. Reagan left office in January, 1989 and this article appears merely 21-1/2 years later. Wonderful.
While I understand his message in "part 1," I personally think going off the gold standard was the right thing to do for a variety of reasons, so I will disagree with him there. The rest I can agree with the overall picture (maybe not all the details).
That was the goal of the Republican policies since Nixon. Create an economy of the haves and the have not’s in order to cement the class differences in the society. The hyper wealthy can make money at any time but recession can destroy the finances of the poor and working class and speculation is even more effective.
MISSION ACCOMPLISHED
I Agree it is supply side ideologhy borrow money to finance regressive tax cuts for the rich even if such regressivly unbalanced tax cuts leads to greatly increased debt.
Yes, it all started with Reagan. Yes, it did.........
"How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."
Get it? Not "destroying." The GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse."
This thread is hilarious as you are obviously a lefty. The truth is both parties have EQUALLY destroyed the economy. The GOP has destroyed it with their endless wars, and the dems with their endless taxes and entitlement programs. It is seriously time for a 3rd party, and one that takes the limited good out of BOTH parties and combines them.
I well remember Stockman, one of the young 'whiz kids'; of his getting into trouble with President Reagan (after some interview with a magazine) and then resigning after a few years. I guess he is trying to write his place in history.
True enough, Reagan created "Big Government"... a tenant against the Republican voters but for some odd reason, it resounded with the public and historians... now fast forward to where we are today... if Nixon created the spending binge, Reagan created the big government, the liberals nowadays are repeating the mistakes of the past with bigger government and increasing spending binges... Nixon started the political culture of Corporatism (the very same thing liberals often confuse with "Capitalism") and fast forward to today and the liberals bathe themselves in it while railing against it (ironic isn't it?)... so what have the liberals done to stop Big Government and Overspending? Nothing..... its ironic that now Republicans are the ones to rail against Big Government and Overspending... so who is actually going to fix it? The democrats who continue to promote it? Or the Republicans who finally recognized it and are trying to DO SOMETHING about it... its really ironic... that a liberal posts a thread about the problems of overspending and big government at the same time the liberal politicians are promoting it.... did the OP realize the ONLY politicians trying to fix big government and overspending are the Republican politicians and Tea Party candidates... really ironic...
That was the goal of the Republican policies since Nixon. Create an economy of the haves and the have not’s in order to cement the class differences in the society. The hyper wealthy can make money at any time but recession can destroy the finances of the poor and working class and speculation is even more effective.
MISSION ACCOMPLISHED
Oct 20, 2000 ... "This is an impressive crowd - the haves and the have-mores. "Some people call you the elites; I call you my base."...George Bush
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