Showing posts with label Military spending. Show all posts
Showing posts with label Military spending. Show all posts

Friday, October 5, 2012

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.