The de-regulation of the financial sector may have started before St. Reagan's reign - Krugman suggests the late 1970s.
BUT - under St. Reagan de-regulation - of everything, not just high finance - gained momentum.
It is now codified as the core of the Republican agenda.
The market is perfect - always and in every respect.
St. Reagan said so.
The Savings & Loan meltdown?
An aberration.
The market is perfect - always and in every respect.
St. Reagan said so.
Airlines now charging for checked baggage, and stranding you on the tarmac for hours?
An aberration.
The market is perfect - always and in every respect.
St. Reagan said so.
Our current 10% unemployment rate, dried up 401Ks, and record foreclosures?
An aberration.
The market is perfect - always and in every respect.
St. Reagan said so.
In the past I've advocated that Dems run on W's record in 2010.
I still think this is a good idea.
BUT - I'm beginning to believe that running against St. Reagan may be an even better idea!
It helps that Republicans themselves continue to cite St. Reagan at every available opportunity.
Republican insistance that the market is perfect - always and in every respect - could be a powerful recruiting tool... for Dems! (Heck, it might even attract some of the Tea Party crowd!)
Once again: anytime anyone ever in any circumstance cites the miracle of the self-regulating market - LAUGH OUT LOUD!
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