ImSkeletor said:
All I can say is WHAT THE HELL ARE YOU TALKING ABOUT. Reagan was a great american.
Anyway I don't really hate Reagan the man. sure he did some reprehensible things that he could've been impeached for (Iran-Contra being the big one), and considering what Republicans consider an impeachable offense when a Democrat is in office he probably should have been. But at the same time he also did make strides into ending the Cold War, but then again so did every President from Truman all the way to Bush Sr., granted some things did more than others. But I digress.
What I do hate is the idealized Reagan that the far-right elements of the GOP love to ram down the throats of the general public. The idea that Reagan was a flawless individual and all his ideas were awesome, and he would've been able to make America poverty-free and perfect if not for those meddling Congressmen. Let's get one thing straight right off the bat: Reaganomics did not work for anybody but the rich. The rich are not the majority of the population, therefore it was never in the best interest of the country at large. The GOP knows this, and as such they resort to lying whenever they can because they love to use Reaganomics as the jumping off point for saving us from crippling debt. One particular egregious example of lying comes from (who else?) Rush Limbaugh, who created a chart that measured tax rates and savings from 1980 to 1992, while at the same time saying Reaganomics died in 1990 due to a tax hike by George H.W. Bush. The reason he included that tax hike, however, and went all the way to 1992, was so he could conceal just how big Reagan's tax cut to the rich really was. Even better, he left payroll taxes out of the equation. Payroll taxes being the majority of taxes Americans pay, and the most burdensome on the lower classes because they only applied to the first $61,000 during the Reagan years. Due to these cooked numbers, Rush claims that the poorest 20% of Americans received a whopping 540% tax cut under Reagan. The reality is that they in fact had a 15% tax increase. And I thought the Enron guys did some bad book-cooking. My point being that Rush Limbaugh was viewed in the post-2008 Election world as a leader of the GOP, or at least the most conservative elements of it. So it's easy to see the kind of crap they will try (and unfortunately succeed) at making people believe in order to make Reagan out to be better than he was as President.
On another note, it's funny to me how a lot of right-wingers will complain about TARP and the Bailout despite the fact that Reagan had to do the exact same thing...to cover up his
own fuckup. See, Reagan deregulated the Savings & Loan in 1982 [http://en.wikipedia.org/wiki/Savings_and_loan_crisis]. This was ostensibly done to revitalize the housing industry. This led to a lot of imprudent lending for real estate purposes (hmm, sounds familiar). I will spare the boring details but the point is that a lot of bankruptcies and loan defaults ensued, a good number of banks closed down, and something to the tune of $124 Billion in taxpayer dollars were lost to this crisis. Ironically, when signing the "Garn-St. Germain Depository Institutions Act" [http://en.wikipedia.org/wiki/Garn%E2%80%93St._Germain_Depository_Institutions_Act] that deregulated the S&L, Reagan said "I think we hit the jackpot". Well I guess somebody did, but it wasn't us.
So yeah, Reagan's not perfect, Reaganomics didn't work, and I wish the GOP would stop trying to convince people otherwise.