Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (257843)	8/8/2014 5:34:05 PM
From: JohnM	Read Replies (2) \| Respond to of 541518

"Krugman, like many of us, considers the Reagan years as the defining moment in the loss a hardy middle class." I generally blame Raygun for almost everything, but I think the '73 OPEC embargo was. Probably should made that clearer. There are a series of things in the 70s, including the oil embargo, which created crises. But the last serious time we had to recover back to something like the distribution schemes of the 50s and 60s was the 1980 election. Had Kennedy defeated Carter for the Dem nomination or Carter defeated Reagan (no Iranian hostage crisis, and on and on), we would have seen a very different story.

To: Wharf Rat who wrote (257843)	8/8/2014 10:50:25 PM
From: koan	Respond to of 541518

Raygun was hired to do three things by the plutocrats, IMO: 1) Break the unions. we all know the inverse relationship between the middle class and decline of the unions. 2) Make government the enemy so they could cut taxes on the rich by cutting social programs 3) Empower the plutocrats and especially the military industrial complex. And he used his acting skills to do it. And boy did he do and boy did he fool the pubs. They all mindlessly love Reagan. <<Krugman, like many of us, considers the Reagan years as the defining moment in the loss a hardy middle class."