The Incredible Hoax of Reaganomics- The General Electrifying of the President 3/3

by Nomad

PART ONE- David Stockman
PART TWO- Trickle Down

In this post, we will look at who actually benefited from  the con known as Reaganomics. The answer might surprise you.

Between Words and Deeds

If Ronald Reagan hadn’t existed, then the neo-conservatives would have had to invent him. In some respects, that’s exactly what they did. It seems sadly ironic that Reagan is more valuable as a myth to the Republican party than when he was a living president. He has allowed them to hold on to a very useful fantasy. 

Moreover, he has been used time and time again to justify inexcusably outrageous tax cuts for the minority of the population that clearly needs them the least. Besides, it would highly be embarrassing to have the real Reagan contradicting his own myth-makers and exposing them as hypocrites and frauds.

Still, for anybody who actually lived during the Reagan years and paid any attention whatsoever, the repeated make-overs, the erasures and exaggerations can be irritating, astounding and, at times, just plain amusing.

The Incredible Hoax of Reaganomics- The David Stockman Debacle 1/3

 by Nomad

For some time now, every GOP candidate wants to find some way, any way, to make a linkage to Ronald Reagan. It goes way beyond an illegitimate comparison into the offensive and idiotic. During the campaign in an interview with CNN, for example, Newt Gingrich had the audacity to say,

"I think a big mistake on my part was to try to bring in conventional consultants. Because I am much like Reagan and Margaret Thatcher, I'm such an unconventional political figure that you really need to design a unique campaign that fits the way I operate and what I'm trying to do."

As if by invoking the name of the 40th president- like some enchanted spell- it will bring them political magic or a cloak of invisibility to hide their shameful ideological nakedness. 

Trickle-Down is Reaganomics

Many have objected to Obama’s call for a fair tax system, in which the super wealthy will pay their rightful share. Taxing the “job creators” is, they bewail, out of the question. Where on earth do you expect jobs to come from if you punish success? they moan. Of course, anybody familiar with history will recognize that line of thinking as the trickle-down theory, which was a key feature of Reagan’s economic plan.

American Dreams: My Father, Karl Marx and the Man who Sold the Rope 1/2

by Nomad

Let’s Begin With My Father

My father, born in 1929, grew up in the midst of the Great Depression, in what most people would consider extreme poverty. His father died one week after his birth leaving his widowed mother to raise her five children alone. Had it not been for a productive farmland, it is doubtful they would have survived. “We didn’t have two nickles to rub together,” he’d often tell me,”but we never even realized we were poor. Everybody we knew was in the same situation as we were.”

In 1951. he left the farm to join in the Korean War to fight the spread of the Communist threat. The Red Menace- China- was on the verge of expanding across the border into Korea. Following that, he received credit from a GI loan which allowed him to buy a very humble mobile home to start his married life.

In the economic boom of the 1950s, my father found employment as a precision sheet metal worker at a aircraft manufacturing plant. Along with thousands of other unskilled workers returning from Korea, the company trained my father with the idea of steady long term employment. In turn, my father worked at the company for thirty years. He did not particularly desire to rise up in the hierarchy of the company. He told me that he’d prefer not to have the stress that went with the responsibility. He preferred to spend more time at home at the end of his shift. There was also the goal that he knew that his children would, by his hard, boring and unsatisfying labor, have a better life than he did. It was an attainable goal. Through the use of collective bargaining of his union or the rare labor action, my father’s wage steadily increased.