Why the GOP Nurtures Lies and Myths about Ronald Reagan »
Posted By Radiofreeeuropa 9 months, 1 week ago in Political NewsIn the late 70s many people worked hard to elect Ronald Reagan who would cut federal spending and roll back the 'safety net'. Selfish and self-absorbed, the Reaganites could not, or would not foresee the consequence of Reagan's disastrous regime: deficits without end, the dissolution of American industry, the export of American jobs, the sellouts to China, the deterioration of infrastructure, and the rapid decline of once proud, industrial powerhouse cities like Detroit.
Looking up the truth may not be a dirty job but it is almost always thankless. The truth is: the GOP is not a political party and should not be treated as one. The GOP is a crime syndicate and a kooky cult! If the truth about the US economy were ever widely known, the GOP would never get a vote outside the ever dwindling 1 percent of the nation, the GOP base of filthy rich elites.
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Radiofreeeuropa
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Endoscopy9 months, 1 week ago
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Typical hate speech from liberals. Twist the figures around and make them say what is not true. I love the chart showing the number of wealthy growing. Where did they come from? The middle class foolish lib. What does this foolish person ignore? The Carter stagflation. Very high unemployment, double digit inflation, and 20% plus interest rates. Such a good time under Carter. What was the biggest thing that Reagan did to put an end to this insanity? Cut a deal with the Democrats that controlled congress. He let them spend more than he wanted but got the tax cuts. Down came inflation, interest rates, and unemployment. But things were so much better under Carter. Tell that garbage to someone who did not live through those years. This story is so much garbage for people who lived through it.
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libsRfunnyComment removed: Hard Banned2 Replies
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hyperbola9 months, 1 week ago
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We have been digging a very deep hole for ourselves for a long time now. While the downhill slide became precipitous with the Reagan administration, unfortunately both parties have participated in digging the hole. We will have to demand much more radical solutions from the Obama administration to start getting out of the hole.
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Obama and the System: The Economy and the Big Picture
None of the reporting I’ve seen on the “economic crisis” discloses to the American People what is at the core of the crisis... In 1948 George Kennan, one of the chief architects of post-war US foreign policy, famously stated the chief object of US policy in the post-war era: "We have about 50% of the world's wealth, but only 6.3% of its population. ... Our real task in the coming period is to devise a pattern of relationships which will permit us to maintain this position of disparity.....” US foreign policy during the last half of the 20th Century conforms closely to Kennan’s statement of that policy’s core object...
The 60s and 70s conditioned Americans to expect a standard of living which Kennen and the ruling class knew could not be maintained over the long haul. They understood that world military dominance could only hope to delay the inevitable time of reckoning.
But military dominance required expenditure of vast sums. The problem became how to make these expenditures and at the same time maintain the consumption level of working Americans. The only solution was massive deficit spending...
By the 1980s the chief concern of the ruling elite became making sure that when the reckoning finally came it would be working Americans – not the rich – who would bear the brunt of the adjustment. That required transferring wealth from working people to the rich in advance of the reckoning. This has been the main projects of the ruling class since the election of Ronald Regan....
Personal income data suggests that the wealth transfer project of the ruling class has been spectacularly successful. According to the non-partisan Congressional Budget Office, income for the bottom half of American households rose six percent since 1979 but, through 2005, the income of the top one percent skyrocketed by 228 percent. The Wall Street Journal reports that the top .01% of the population, or 14,000 families, hold 22.2% of the nation’s wealth while the bottom 90%, or over 133 million families, have just 4%.-
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hyperbola9 months, 1 week ago
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While the income and wealth gap between rich rulers and working Americans continued during the Clinton, Bush 1 and Reagan Administration, wealth transfer during the eight years of the Bush 2 presidency has been unprecedented in scope and audacity...
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The so-called “mortgage crisis” represents some of the chickens coming home to roost. A good part of the consumption that was maintained by borrowing went into the housing market. The result was massively inflated prices.... The credit crisis which the mortgage crisis triggered is also an aspect of the reckoning. Fortunately for the ruling class, they had already used the two Bush, Clinton and Reagan Presidencies to make sure that the loss of wealth associated with the credit adjustment is born disproportionately by workers as opposed to rulers. True to form, however, the rulers’ greed caused them to overreach....
...If the voters had been less mesmerized by Barack Obama’s rhetoric they would have realized that the changes he favors are designed to buoy the existing economic system rather than to fundamentally reform it. The President subscribes to the proposition that these financial institutions are “too big to fail.” A real reformer would have concluded that institutions which are too big to fail need to be broken up.
Teddy Roosevelt harnessed the political tsunami of the Progressive Era to break up the trusts. The ruling class has worked tirelessly since then to build them back – albeit in new forms. We need TDR-type trust busting now while the ruling class is weakened and working Americans are impatient for change.
Will Barack Obama be our Teddy Roosevelt? So far the indications are that he will not.
http://www.propeller.com/story/2009/03/01/obama-an...
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Radiofreeeuropa9 months, 1 week ago
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Hmm, of course FDR was so terrible he was elected to lead the nation 4 times...until he finally died in the office...fool me once? Do you maintain your parents-grandparents were imbeciles? Even Reagan voted for Roosevelt.
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This world you've been living in, it IS Roosevelt's...not Stalin's...not Churchill's... Roosevelt's. There is no doubt that the economic woes we now experience COULD NOT have occurred without the removal of anti trust laws. As for the nonsense about Obama (who wants UNIVERSAL healthcare) being against Veteran's healthcare...it's as disingenuous as it gets. Transparency? Good grief we are coming out of the most secretive presidency in the history of the USA, and major efforts have quickly appeared that allow the public to see and participate in what government does. What we seem to have here is merely the usual handful of die hard supporters of the republican crime syndicate with the usual unfounded fallacies in tow.-
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Endoscopy9 months, 1 week ago
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Just keep the lies coming RFE. FDR made the Depression last for 10 years. The Depression in 1888 was short lived. Why? The government did nothing about it. FDR spent, spent, taxed, taxed for 10 years of Depression. The recession of 1921 was short lived. Why? Harding lowered taxes and tax revenue rose while business thrived. But FDR was so great.
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aceofspades19 months, 1 week ago
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Modern republicanism should be declared a mental disease as evidenced by illogical adherence to party dogma, allegiance to corrupt ideologies, masochistic economic tendencies and a much longer list of mental abnormalities , primary of which is unquestioned following of any authority figure endorsed by the party.
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Endoscopy9 months, 1 week ago
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ROTFLMAO
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What about the Democrats ranting about the Bush deficit ignoring the Obama deficit that will out spend the Bush deficit in one year. Talk about a mental disease.Small Republican deficit is horrid and a huge Democrat deficit is just fine. HYPOCRITES!!!!!
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Radiofreeeuropa9 months, 1 week ago
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Obama's spending is an investment that WILL pay dividends.
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Bush's spending was wasteful error and more rob the poor and give to the rich.
The very nature of conservatism is to preserve the past and the institutions, social positions and conventions of the past.
This has a place.
But it will not solve any modern problems.
It will not pave the road to a future.
It requires progressive thinking to do that.
Incidentally deficit spending in any time of economic crisis is necessary... the deficit spending of the last 30 years or so, in economic stability, was simply insane.
You pay your bills when you have money to pay them.
It was that simple, there is no credibility for any republican to cry about deficits with their record. I'd moan in another time about the deficit, not now. The republicans and their corporate overlords have milked this country dry, and sold it's assets off in a fire sale. There has been no investment in America's future for a long time. To believe "the market" will take of that was demonstratively insane. The market cares only about turning a profit in the moment. It is without conscience, and without concern for humanity, the future, or any nation. Blind alliance with this type of thinking is simply toxic.-
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DropkickaLib9 months ago
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No, we'll be paying on it for generations. Your support of this kind of criminal spending and debt only points out what a tool you are. The DNC should be prosecuted en mass for its economic policy. Keynesian theory was never designed for use with an economy alread so indebted. Take an economics course and get back to me.
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