A recent article by a "Admired" opednews author claims that the "Voodoo Economics" of the Reagan administration curbed the inflation of the 60-70's.
This is a bunch of bunk! The only thing Reaganomics supply-side theory did was to bloat the federal government,while increasing the run-a-way deficit spending compiling trillions of $'s in debt.
There was no "Peace Dividend" from the misguided reckless policies from Reagan. More like a Peace Deficit that future generations of "Loved Ones" will still only be paying a fraction of the interest on total debt accumulated.
We had Freedom Fighter's Saddam Hussein and Osma bin Laden the GOP now re-label as Terrorists.
There was Manuel Noriega who assisted Reagan with supporting weapons to the Contras in exchange for cocaine, in the Treason fomenting Iran-Contra scandle.
The Shah was overthrown after more than 30 years of brutal rule with the CIA supporting him by removing a democratic elected president of Iran in 1953. Resulting in the theocratic government that rules it today.
Ferdinand Marcos was welcomed by Reagan to reside with his wife and shoes in Hawaii, living off of billions of US humanitarian aid $'s.
Rather than implement the Carter energy Policy, Reagan removed the solar panels from the White house roof and the SUV, McMansion craze also began. Resulting in delayed renewable energy technologies from being developed, while wasting much limited resources for the enjoy now, pay later mentality of the time.
The championing of deregulation by Reagan brought about the S&L scandle, Junk Bonds, Dot.Com, Sub-Prime, CDO's and other financial calamities requiring the trillion's of $'s in bailout money that rewards the very people who created the mess in the first place, instead of a prison cell they rightfully deserve.
As you look back over the past 29 years of what the Reagan Revolution spawned, its obvious the wife and political party swapping, B rated senile sap Reagan, is nothing to be proud of.
