Wednesday, January 25, 2012

A link to “Don't add Reagan's face to Mount Rushmore” by Dr. Dreier on April 3, 2011

This is a recent article written after his death and coinciding with what would be his 100th birthday.  The article criticises Reagan in response to an upheaval of praise following the anniversary and puts the blame and him and his Reaganomics for the current financial crisis in America.   The article discredits his undeserved reputation as one of Americas most loved Presidents and shines a light on the real, negative aspects of his regime.  People credit his regime with American economic prosperity where in fact it was only for the wealthy as the number of people under the poverty line rose from ‘26.1 million in 1979 to 32.7 million in 1988’ as the minimum wage was frozen at £3.35 an hour as prices went up, whereas the richest 1% of Americans had 39% of the nation’s wealth. Whilst the rich flourished homelessness increased and by the late 80s there were ‘600,000 on any given night’.  The neglect of the poor in favour of wealth was seen as the federal government was left to bail out depositors whose money speculators had looted to the tune of more than $130 billion.’ Whereas federal assistance to local governments was cut by 60 percent, there were cuts to funding for public-service jobs and training and the budget for public housing was cut in half, which all together cut the living standards for working families and communities. The decade of the 80s is seen as one of greed, which corresponds to the regime with its environment of corruption from the Iraq-contra affair and the scandal at Housing and Urban Development.

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