Obama agrees with Communist and Socialist party platforms...
During the postwar years, the USA had a network of tax, regulatory, and labor policies along with a host of government programs that were aimed at creating a strong middle class. Many of the veterans who defended this nation in WWII benefited from the policies which the OP misdescribes and demonizes.
The OP should stop reciting talking points and take a more in depth look at the postwar economy. With its pro Labor policies, the owners of capital were forced to make a compact with American workers. Rather than seeking Asian sweatshop labor, capital had to pay a living wage and generous benefits to the America middle class. The result was that the American consumer had tremendous buying power. This incentivized the creation of even more jobs (and innovation) to capture those consumer dollars. (That's what capital does. It goes wherever consumers have money)
The result of the high wage structure created by the pro labor postwar government was this: the father could support the entire family on just his wage. But it wasn't just the high wages and benefits that created the most powerful consumption class in history. Government used tax dollars to fund world class public universities which became the envy of the world. Those universities were made affordable to the middle class. This was the golden era of upward mobility. It resulted in a more skilled workforce (that is, the public investment in education paid massive dividends). Unfortunately, now only the wealthy can afford the growing expense of college. Indeed, because the government no longer funnels tax dollars to public universities, they have no choice but to price themselves out of range for the dying middle class.
There was another positive effect of the high wage Liberal postwar economy. Because the father could support the entire family, the mother didn't need to work. She could stay home and raise this kids (rather than have them be raised by television or gangs). Families could afford to spend more time together. This is why the fifties was heyday of Conservatism.
And then came Reagan, who was paid by business to unburden capital from high American labor costs. As a result, every president since has freed capital to get labor from freedom-hating nations like China. Take Walmart for instance. They get 100% of their manufacturing from Communist China, and they don't pay their workers a livable salary. Reagan has an answer for this: credit. Starting in 1980, America shipped jobs to China, and handed American workers credit cards instead of wages to survive. [Don't take my word for it. Research what happened to household debt starting in 1980. This is when we all started receiving 3 credit card offers a week]. The result of using credit/debt to make up for the loss of high wages resulted in a very fragile economy - one that required massive amounts of debt-based-consumption to stay afloat. The problem with this kind of economy is that eventually consumers get so much in debt that they cannot afford to consume as much. And when consumers can't buy as much, the capitalist has to fire more and more workers. Problem is: workers are consumers - so when a worker is fired, we lose a consumer, which leads to even more workers being fired. It's a toxic cycle. (Don't try to explain this to a talk radio republican like the OP).
Welcome to the main structural flaw of capitalism. The drive for cheap labor eventually undercuts the need for robust consumption (-when you pay your workers less, it makes it harder for them to buy your stuff). The supply siders who drove down labor costs in America tried to fix the problem by financializing the economy and thereby loaning workers enough money to buy what they produce. This eventually resulted in so much debt that nobody could afford to consume enough to sustain the needed job growth. Then the system imploded.
The OP is naive. He doesn't realize that the most robust consumer culture on earth was created by the very policies he detests. The free market doesn't create powerful demand. It creates cheap labor . . . which leads to unsustainable patterns of borrowing which leads to the death of the economy, which devolves into special interest monopolies.
