Monday, March 02, 2009

Reagan Started It

Balloon-Juice sends along this good article/line from Joe Klein: (and you know it's good because I've been saying it for a while):
In truth, class warfare is what the Reagan Era gave us: thirty years of tax breaks for the wealthy at the expense of the common weal, thirty years of lax regulations which enabled the bankers to strip-mine the savings of average Americans while reaping huge rewards in Ponzi schemes, like the micro-dividing of mortgage assets that were really debits. Once again, I'm not sure Obama's proposals will work--some will surely be more successful than others, there's a good chance that rather than being too bold, he isn't being bold enough--but I am absolutely certain where the continuation, or augmentation, of Reagan-Bush policies would leave us: even worse off than we are now."
Pic from here. Backpost finished 2009-12-03.

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