Obscanity: You'll know it when you see it

Obama unveils 21st Century New Deal – Mike Allen and Jonathan Martin – Politico.com.

It’s about fucking time we had a president with real ideas about how to fix this country’s economy. I spent a little bit of time reading the comments, and it’s clear that the conservatives on that site have no idea how we got into this mess in the first place.

This economic crisis is not the product of liberal rule. It’s the product of Reaganomics, pure and simple. Reagan spent and spent and spent, and slashed taxes instead of paying for his spending. Outwardly he theorized that if he made sure the wealthiest people had lots of money, somehow it would trickle down to benefiting the working class. This was, of course, never the true intention, and I sincerely doubt anybody genuinely thought it was going to work. The ultimate goal was to redistribute wealth upward, accumulating most of the nation’s wealth in a few greedy hands, including his own. And that’s what has happened. The middle class is either dying or dead, and they’re still being taxed an arm and a leg, frequently paying larger effective tax rates than people who make millions of dollars. Reagan got rich people accustomed to paying less than their fair share in taxes, and now they bitch and moan if they see so much as a 1% increase in their rates. Reagan racked up massive amounts of debt, piling it up like no president had before. Then Bush piled it up more than all the other presidents combined – including Reagan! The Bush administration has completely demolished this country’s economy and stability – and no conservative can fix it. It will take a liberal hand to do what needs to be done to clean up the mess left by almost 30 years of Republican tyranny, with only a short but sweet Clintonian respite (partially, anyway, since Congress was still ruled by Republicans during Clinton’s terms).

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