How Reagan Sowed the Seeds of America's Demise

[IDemo]

R.G. Price offers a wealth of pesky facts about how the Gipper kicked America off the cliff (from March, 2010)


It has been over a year now since "The Great Recession" officially began, and yet even a basic understanding of the real causes of America's economic problems has still not emerged in the public. Indeed new movements have emerged touting as solutions to our current economic problems many of the very policy ideas that are actually the causes of our current economic problems. The rallying cry of conservatives across America has been a "return to the policies of Reagan!" The claim of many American conservatives has been that Ronald Reagan faced similar economic conditions when he was elected, and he was able to turn the economy around, so we need to return to the principles he used to reinvigorate the American economy.

The reality is that the economic policies of the "Reagan Revolution" have been in effect for the past three decades, and it is these very policies that have caused the economic situation that America finds itself in today.

During his first presidential campaign Ronald Reagan campaigned against government spending, he campaigned on reducing the national debt, he campaigned for individual responsibility, and he campaigned for broader American capital ownership.

The effects of his policies, however, had all of the exact opposite effects, and yet amazingly even today the vast majority of all Americans, especially conservatives, still believe Reagan's rhetoric and not the real effects of his policies.

much more - http://www.rationalrevolution.net/articles/recession_cause.htm

[laylah]

1. Thanks for sharing this! K'nR nt

[Cirque du So-What]

2. Damn right K & R!

Even though St. Ronnie is dead, the evil he perpetrated still lives. I will never stand for any efforts toward rehabilitating his image or whitewashing his legacy. NEVER!

[forty6]

3. A great article and a good graphs and statistics... should be kept for

reference.

Facts and figures don't lie: Republicans do!

[madokie]

4. You got that right for damn sure

Rec