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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Sdgla who wrote (38865)	2/11/2013 1:33:37 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 85487

"During Reagan's presidency the annual deficits averaged 4.2% of GDP [4] after inheriting an annual deficit of 2.7% of GDP in 1980 under president Carter". Sure did. And yet, people worship his budget expertise. Go figure. How Reagan Destroyed America & The Middle Class Added: Sunday, July 25th 2010 at 10:03am by southwesterngrad Daring to write a negative post about Ronald Reagan is like playing Russian roulette. It can be dangerous to one's health. Republicans tend to regard the man as some sort of demi-god. Nonetheless, this is a post I have wanted to try to write for a long time because I believe that Reagan is directly responsible for destroying the Middle Class of America, and I am not the only one who thinks so. A number of political analysts have written on this very subject. James Joiner on allvoices.com calls him "the destroyer of main street" and "the father of this nightmare we are living. He goes on to state of the Republicans: "They call themselves the party of Ronald Reagan! That scares the hell out of me because Reagan was the Father of the war mongering high Deficit compassionate Conservatives that gave Birth to much war present and future unless Obama can turn around the disaster they created around the world with their war mongering!" ( http://www.allvoices.com/contributed-news/2743781-the-truth-about-the-ronald-reagan-who-destroyed-america-and-main-street-and-a-ronald-reagan-jr-i-agree-with). Pablo Mayhew, a columnist on rawstory.com goes so far as to refer to Reagan as a criminal no better than his Republican predecessor, Richard Nixon. He relates Reagan's role in the Iran-Contra affair in which Reagan pled "forgetfulness" when pressed about it. Mayhew concludes with these words: " as one great writer has contended, that Richard Nixon broke the heart of the American Dream, then Reagan broke its back Now.... the American Dream is clearly down for the count." ( http://www.rawstory.com/exclusives/mayhew/reagan_destroyed_american_dream.htm) And listen to what Thom Hartmann, prominent television and radio talk show host and commentator, had to say about the devastation today on our economy that was the direct result, he reports, of Reaganomics when he appeared as a guest on Dateline just prior to Obama taking office. "when Reagan came into office we were the largest exporter of manufacturing goods and the largest importer of raw materials on the planet. And, the largest creditor--more people owed us money than anybody else in the world. Now, just 28 years later, we're the largest importer of finished goods, manufactured goods; the largest exporter of raw materials--which is kind of the definition of a third-world nation -- and we're the most in-debt of any country in the world. This is the absolute consequence of Reaganomics." ( http://www.huffingtonpost.com/thom-hartmann/thom-hartmann-defends-the_b_150964.html) These graphs bear out exactly what all these people have been saying about Reagan being directly responsible for destroying America and the Middle Class. In looking at these pay particulular attention to 1981, the year Reagan took office. Obviously, George H. Bush, Clinton, and Gorge W could have reversed this trend; instead, they, for the most part became keepers and harbingers of it. Working people's share of the benefits from increased productivity took a sudden turn down: This resulted in intense concentration of wealth at the top: And forced working people to spend down savings to get by: Which forced working people to go into debt: (total household debt aspercentage of GDP) "Conservative policies transformed the United States from the largest creditor nation to the largest debtor nation in just a few years, and it has only gotten worse since then: " So avows the author who researched the subject and collected the graphs. ( http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts) You can find all kinds of books and articles praising Reagan, but what I have presented are the cold, hard facts about what the man did to our economy with his Reaganomics. For those who would like to read more on this subject, go to: Reagan Revolution Home To Roost: America Drowning In Debt Reagan Revolution Home To Roost: America IsCrumbling Finance, Mine, Oil & Debt Disasters: THIS Is Deregulation blogster.com They call his approach tinkle down economics, cuz the rich are peeing on us as if we were plants, and fools think this will make us grow.