Mission Statement: This blog reviews the news of the day in light of 242 years of American history. "Nationalism," a modern day pejorative, has been our country's politic throughout history, until 2008. Obama changed that narrative. Trump is seeking a return to our historical roots. Midknight Review supports this return to normality.
Quote of the Month - Something said that has never occurred to Obama.
How do you tell a communist? Well, it’s
someone who reads Marx and Lenin. And how do you tell an anti-Communist? It’s
someone who understands Marx and Lenin -- Ronald Reagan
Reagan raised the debt ceiling 18 times, and he supported the precursor to the Buffett Rule. In his first term, Reagan raised taxes when unemployment was nearing 11% -- imagine trying this today -- and proceeded to raise taxes seven out of the eight years he was in office. It's a fact the right finds terribly inconvenient, but "no peacetime president has raised taxes so much on so many people" as Reagan.
Reagan gave amnesty to undocumented immigrants, expanded the size of the federal government, tripled the deficit and added trillions to the debt, bailed out domestic industries, and called for a world without nuclear weapons. Reagan also met with our most hated enemy without preconditions, criticized Israel, and illegally funneled arms to Iran.
And then there's his gubernatorial record.
In California, Reagan increased spending, raised taxes, helped create the nation's first state-based emissions standards, signed an abortion-rights bill, and expanded the nation's largest state-based Medicaid program (socialized medicine).
Mike Huckabee said: "Ronald Reagan would have a very difficult, if not impossible, time being nominated in this atmosphere of the Republican Party."
Sen. Lindsey Graham (R-S.C.) said: "Reagan would have a hard time getting elected as a Republican today."
Duncan Hunter (R-CA) said, "a more moderate former liberal like Ronald Reagan would never be elected today."
Under President Obama, the top marginal tax rate on the wealthiest Americans is 15% less than it was under Ronald Reagan during an economic recovery. ('82-'86: 35% vs 50%)
Today, under President Obama the wealthy are actually forking over LESS than they did under Reagan. What has changed is the level of greed, the right wing rhetoric, the control of lawmakers by corps, and the political party of the president.
Reagan raised the debt ceiling 18 times, and he supported the precursor to the Buffett Rule. In his first term, Reagan raised taxes when unemployment was nearing 11% -- imagine trying this today -- and proceeded to raise taxes seven out of the eight years he was in office. It's a fact the right finds terribly inconvenient, but "no peacetime president has raised taxes so much on so many people" as Reagan.
ReplyDeleteReagan gave amnesty to undocumented immigrants, expanded the size of the federal government, tripled the deficit and added trillions to the debt, bailed out domestic industries, and called for a world without nuclear weapons. Reagan also met with our most hated enemy without preconditions, criticized Israel, and illegally funneled arms to Iran.
And then there's his gubernatorial record.
In California, Reagan increased spending, raised taxes, helped create the nation's first state-based emissions standards, signed an abortion-rights bill, and expanded the nation's largest state-based Medicaid program (socialized medicine).
Reagan would have no chance in today's GOP.
ReplyDeleteMike Huckabee said: "Ronald Reagan would have a very difficult, if not impossible, time being nominated in this atmosphere of the Republican Party."
Sen. Lindsey Graham (R-S.C.) said: "Reagan would have a hard time getting elected as a Republican today."
Duncan Hunter (R-CA) said, "a more moderate former liberal like Ronald Reagan would never be elected today."
Under President Obama, the top marginal tax rate on the wealthiest Americans is 15% less than it was under Ronald Reagan during an economic recovery. ('82-'86: 35% vs 50%)
Today, under President Obama the wealthy are actually forking over LESS than they did under Reagan. What has changed is the level of greed, the right wing rhetoric, the control of lawmakers by corps, and the political party of the president.