Thursday, January 29, 2009

Books | Will Bunch: Reagan - "Tear Down This Myth"

Will Bunch has a new book out which looks very promising. My memories of the Reagan years were mostly humour and angst for a doddering, but deadly old fool.

"..you may ask whether the Reagan myth matters as much now that George W. Bush is back at the ranch and President Obama in the White House. I would argue that it does. Increasingly, the GOP minority in Washington, including 41 senators with just enough votes to derail the administration’s proposals, is going to invoke the Reagan myth to continue to justify a tax system that harms the middle class and policies that ignore the scientific consensus on climate change. Look at the first major policy debate of the Obama presidency, over the proposed $825 billion economic stimulus. Democrats are under enormous political pressure to weight the plan toward tax cuts, and away from spending programs, which Republicans quickly branded as much pork – despite evidence that jobs programs stimulate the economy at twice the rate of tax reductions. "I remain concerned about wasteful spending that might be attached to the tax relief," House GOP leader John Boehner said – and right-wing talk radio was a lot less restrained. Ironically, the spending sought by the Democrats seek to undo the crumbling of America’s infrastructure and the failure to create “green-collar” jobs that dates back to the Reagan era.
And here’s another reason the Reagan myth still matters, and that’s because there’s a pundit class inside the Beltway that cuts its teeth in the 1980s and
remains firmly convinced that America is a “center-right” nation, despite massive evidence to the contrary. These pundits will urge Obama to enact an economic recovery package in the Gipper’s image, ignoring the long-term harmed caused by Reagan’s brand of “trickle-down economics.."


Oh, and a bit of trivia:
The Secret Service routinely confiscates and destroys the glass each time the President drinks in public to protect his DNA

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