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View Diary: Bill Maher DESTROYS the myth of Reagan (video + full transcript) (127 comments)

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  •  The other pioneering act of Reagan (14+ / 0-)

    Reagan was the pioneer of accomadating the interests of the wealthy and corporations in exchange for private financial gifts to get into and to stay in public office.

    Indeed, Reagan was able to become governor of CA., and later president, by leveraging the private money given to him by wealthy and corporate interests.

    This ushered in an era of conservative ascendency because initially, only conservatives politicians were asking for and getting the private money gifts - and willing to champion those laws the wealthy wanted.

    Democrats soon caught on though.  Clinton used the private money train to win the presidency in 1992.  His ability to raise large sums of money were cited as an important factor in his becoming president.  In exchange for all that money, Clinton signed the law that abolished the Glass-Steagall banking regulation - a New Deal killer if ever there was one - which led quite directly to the bank crisis and economic collapse of 2008.

    Obama used these same pioneering tactics to get into office in 2008.  His accomadation to big money was to not prosecute bankers for obvious fraud, among others.

    "The fool doth think he is wise: the wise man knows himself to be a fool" - W. Shakespeare

    by Hugh Jim Bissell on Sat Jun 08, 2013 at 10:18:34 AM PDT

    •  So what will the next dem candidate do? /nt (0+ / 0-)

      Happy little moron, Lucky little man.
      I wish I was a moron, MY GOD, Perhaps I am!
      —Spike Milligan

      by polecat on Sat Jun 08, 2013 at 01:12:29 PM PDT

      [ Parent ]

    •  That's the last war (3+ / 0-)
      Recommended by:
      Stude Dude, Matt Z, godlessmath

      Today I firmly believe that it's FaceBook and other social media that will determine an election.  One person goes to an event and 10 other people are affected by the opinion.  I love the internet for allowing the masses to communicate.(FYI, I do not watch TV or participate in social media...this is as far as I go)

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