Tuesday, August 9, 2011

Can we stop beating up on Ronald Reagan please?

I believe the railing against "Reaganomics" is much overdone. While a determined search can find the seeds of subsequent malpractice in them, President Reagan's economic policies were not bad for the times. I am certain that Reagan would be strongly critical of much of what has been done by Republican's in his name since the start of the current millennium -- as have most of his surviving advisers including his former budget director David Stockman, his former Assistant Secretary of the Treasury Paul Craig Roberts and his domestic policy adviser Bruce Bartlett.

What has driven economic policy into harebrained recklessness was not precedents set by the Reaganites, or even other politicians, but the short-sighted and corrupt influence of commercial corporate interests, especially in the bloated financial sector and the powerful military industrial complex.

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