NW Okie's Journey
I remember the Reagan era presidency of the 1980s over 30 years ago)? You know, the "trickle down," "Reaganomics" that did not trickle down and caused the market crash of 1987? We as American citizens went from a "B" movie star in the 1980s to a "B" reality star in the 21st century 2016! What has our democracy come to? What are we going to do about it? Fall into a deep sleep ... Or ... organize the grassroots (locally thru county, district, state to federal) to resist the "trump tyranny?"
It was under Reagan unemployment rates reached double digits during his presidency. The gap between rich and poor increased under his watch and it was his policies that essentially led to the stock market crash of 1987. While rightly complaining that excessive government interference leads to misallocation of resources, "Reaganomics" conveniently forgets that excessive reliance on private markets leads to misallocation in the form of large-scale speculation. Speculations and get rich quick schemes become the way of life — exactly how the excesses of Wall Street we see today began under President Reagan. It is not a coincidence that China’s progress started during Reagan presidency. It was Reagan who started the process of deregulation that ultimately resulted in American jobs being outsourced all over the world and by the end of his era, there was a large increase in crappy jobs for Americans.
The most annoying fact: it was Reagan who legitimized deficit spending. It was under Reagan’s watch that the US deficit ballooned from $997 billion to $2.85 trillion dollars — more than all prior presidents combined. It is preposterous to ignore the origins of the issue and blame the sorry state of affairs on the Democratic party.
The next time Republicans talk about deficits and outsourced jobs, ask them to look at the Reagan era and, hopefully, the sensible ones (republicans) will realize the folly of their actions.
"Buckle-up, Buttercup!"
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