Reagan was an enormous success.
Any deviation from that fact is unworthy of consideration...
Why was he a success?
It was in Reagan's term that the US went from being the world's major creditor to becoming its biggest debtor.
China flexes, and the US catches a chilly reminder | smh.com.au
Is that the mark of a successful president?
Reagan, the ol deficit spender, was the first Republican President to completely abandon "pay as you go". His debt sank Bush 41. He also destroyed the Sherman Act, which prevented corporations from growing too-big-to-fail. He is the Godfather of merger mania, which lead to Socialist bail-out insurance. His policies lead to the creation of a centralized, monopolized corporatacracy, whose profits would be used to buy scientists and politicians (goodbye representative democracy, hello lobbyists. "Trust business!"). AIG is practically bigger than the American Government.
Ron told us not to worry about big business -- the real enemy is sin & drugs. We listened. We trusted Enron. We trusted AIG. (we got punk'd)
Study his banking deregulation that lead to the S&L crisis. Reagan was the beginning of the end. Guess when the ARM was created?
"We must get off the backs of our great financial innovators. Let them determine how much risk to take."
-Ronald Reagan, 1983
Reagan dug our grave. Greenspan, Clinton & Rubin helped him dig.
[The Reagan Legacy Project is spooky. They have attempted to rewrite the Reagan presidency. They ignore his liberal, pro-Abortion, anti-Religious policies while Governor of California (-Reagan rarely stepped-foot in a church. He didn't discover God until he realized that Pat Robertson could help him win Dixie and the heartland). They ignore his selling weapons to the leading terrorist nation. They ignore the fact that he spent more money and created a larger debt than Carter or Clinton. They ignore his terrible energy policies, which paved the way to Hummer nation and lead to an over-dependence on terrorist petro-states. They ignore the fact that he didn't make government smaller, he just changed who it helped. They ignore the fact that his policies created the Credit Industrial Complex, and the Lobbying Industrial Complex: "trust deficits, trust business". [We did, we're dead.] They ignore the fact that the market had no incentive to fix New Orleans levees or get us out of the Middle East on time, i.e., the market can't fix every problem; in fact, if left to its own device, it will buy everything in its path, including Washington. They ignore the fact that Reagan's policies (continued wholeheartedly by Clinton and the Bushes) lead to the Wall Street Meltdown. Once we deregulated Big Finance and let the market determine its own risk level, our bed was made. Thanks Ron!]
