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Reagan's legacy
Victor Davis Hanson's ludicrous attempt (column Jan. 20) to rewrite Ronald Reagan's history shows a level of deceit and hypocrisy that is breathtaking. Reagan had the most corrupt administration ever -- before the Bush administration, that is -- as evidenced by pervasive corruption in the 1980s.
His fiscal and economic policies were disastrous and won't be fixed for decades, if not for centuries. Give any worker $100,000 that he doesn't have to repay, that will be repaid by others' children, and he could stimulate his personal economy tremendously for eight years. Reagan gave to his wealthy, fascist friends at least 40 million gifts of $100,000, resulting in an increase in the national debt to $5 trillion.
Not only did Reagan's misconduct cause three recessions in the 1980s, he raised taxes, attempting to repair some of the damage done by his tax cuts. Reagan, like other Republicans for the past 28 years, was wrong about every aspect of fiscal and economic policy, as evidenced by President Bush and Republicans
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JIM AND PEGGY RILEY
Wow! 50 Years, June 15, 2008
Happy Anniversary
Mom and Dad
Thanks for living 50 years of love, fun and caring. You are our role models.
Love, Todd and Irene, Ridge and Reagan, Chris and Tammie, Lexie, Hana and Noah
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PAUL KRUGMAN: We can blame Reagan for economy
"This bill is the most important legislation for financial institutions in the last 50 years. It provides a long-term solution for troubled thrift institutions. ... All in all, I think we hit the jackpot."
So declared Ronald Reagan in 1982, as he signed the Garn-St. Germain Depository Institutions Act.
He was, as it happened, wrong about solving the problems of the thrifts. On the contrary, the bill turned the modest-sized troubles of savings-and-loan institutions into an utter catastrophe. But he was right about the legislation's significance. And as for that jackpot -- well, it finally came more than 25 years later, in the form of the worst economic crisis since the Great Depression.
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Statue of Reagan unveiled at Capitol Rotunda
WASHINGTON "Ladies and gentlemen," the unseen announcer said, "the statue of Ronald Reagan."
The blue drape fell, the applause rose. There he was, all right. Inside the Capitol Rotunda, the likeness of the late president stood idealized and larger than life. Look closely: You can tell by his grin that a joke is right around the corner.
"I've seen that expression hundreds of times," former California Gov. Pete Wilson said.
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Blame not all Reagan’s
In the June 4 Bee, noted economist Paul Krugman declares that Ronald Reagan is to blame for our current economic turmoil. I think it is amazing that this one man can be responsible for such chaos.
Mr. Krugman says it was Reagan’s deregulating of financial institutions that led to this economic collapse, when in fact our banks and financial institutions are the most regulated industries in our country.
Fact is, every economic bubble and bust in our history can be blamed on an institution called the Federal Reserve. This private banking consortium operates outside of regulation by anyone, creates money out of thin air and dictates interest rates for all of us. The Federal Reserve has never even been audited by an outside agency.
Mark Thornton (letter Dec. 16) asks: "What will your children say about you?" I hope mine will say, "Gee, Dad wasn't as dumb as I thought."
Let's face it. Fox News is a complete laughingstock. At this point, no one except those who wish to be duped take anything it "reports" seriously. Interviews are cherry-picked, scripted, massaged, cleansed of facts.
Fox News is the shill for this administration's universally devastating policies; it is its propaganda machine, and deserves a quick and free ride down the trash chute of media history. No wonder our friend can idly contemplate a nuclear Armageddon. Except for the grinding death toll, this war is finished. We cannot win.
And finally, speaking of Ronald Reagan: It would serve to remember that, in 1984, four short months after 241 U.S. servicemen were murdered in the Beirut barracks bombing, President Reagan withdrew our troops from Lebanon. Some may characterize such an act as "cut and run," but it was by far the most courageous and patriotic decision of Reagan's presidency, and one for which this country remains very grateful.
Ed Miller
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