Tuesday, December 21, 2010

Reagan revisionism

A friend of mine sent me the following post which is a bit of a revisionist history of the Reagan Administration click here. He knows I have a bit of a soft spot for Nixon (mainly coz everyone else hates him?), so I think he tried to butter me up with a defence of Reagan?
But here are some dot points I've reproduced from a previous discussion I've had on Reagan;

  •  Essentially oversaw the destruction of the financial system, while exporting much of the real economy overseas.
  • Carried out the first "too big to fail" banking bailout while setting the stage for the first Savings and Loan financial crisis.
  • Started the era of massive salaries for CEOs.
  • Responsible for the rivers of blood that were spilt from Central America to southern Africa (a separate topic in itself).
  • Transforming Pakistan into a nuclear armed state while being aligned to powerful radical islamic forces.
  • Turning the US from the world's leading creditor to the worlds leading debtor.
  • Moved the US from an industrial society to one which real wages have stagnated and a powerful few have gained incredible wealth.
And this is just a snippet.......but thanks to ground breaking political marketing techniques (for the times), Reagan is seen as a semi deity in some corners.

2 comments:

  1. Wasnt it Daddy Bush that bailed out the S & Ls in the late 1980 s

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  2. But it was Ronny "Ray Gun" that set the wheels in motion

    ReplyDelete