Skip to main content

View Diary: Shutdown ended, but the economic whacking it gave us is far from over. Where is the long view? (131 comments)

Comment Preferences

  •  Let's drive a stake into the heart of Reaganomics (4+ / 0-)

    Republicans are the ones who made the deficit explode, gave away the Clinton budget surplus to the rich. They only 'worry' about the national debt and the deficit when it comes time to cut the programs Democrats favor.

    Robert Parry over at Consortium News has put together a summary of the disaster Reaganomics has been, and continues to be.

    Here's a sample - go read the whole thing.

    The U.S. political/media process seems resistant to the one of most obvious lessons of the past three decades: Simply put, Reaganomics didn’t work. As George H.W. Bush once commented – when he was running against Reagan in the 1980 primaries – it is “voodoo economics.”

    Yet, the fact that the United States has embraced “voodoo economics” for much of the past three-plus decades and refuses to recognize the statistical evidence of Reaganomics’ abject failure suggests that the larger lesson of this era is that the U.S. political process is dysfunctional, a point driven home by the recent Tea Party-led government shutdown and threatened debt default.

    In the decades that followed Reagan’s 1980 election, the Right has invested ever more heavily in media outlets, think tanks and attack groups that, collectively, changed the American political landscape. Because of Reagan’s sweeping tax cuts favoring the rich, right-wing billionaires, like the Koch Brothers and Richard Mellon Scaife, also had much more money to reinvest in the political/media process, including funding the faux-populist Tea Party.

    "No special skill, no standard attitude, no technology, and no organization - no matter how valuable - can safely replace thought itself."

    by xaxnar on Thu Oct 17, 2013 at 02:49:48 PM PDT

    •  This really is the key... (2+ / 0-)
      Recommended by:
      Eric Nelson, xaxnar

      who needs reality when you have enough money, access, influence and power to create your own then buy the media empire to share it with the world???

      thanks for that link

      Words can sometimes, in moments of grace, attain the quality of deeds. --Elie Wiesel

      by a gilas girl on Thu Oct 17, 2013 at 03:05:36 PM PDT

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site