I think it is funny that so many people think Ronald Reagan was such a good President. Did you know that when he was President of the Screen Actors Guild he was also an FBI informant? He and his wife turned over names of union members that they though had Communist leaning. The accepted money from union member’s ant in turn ruined some careers. As President this, so called great President, really did his damage to the American dream.
Reagan took a lot of the tax money we used for our benefit and dumped it in to investment opportunities for the wealthy. A la "Star Wars" etc. . . . The funding we agreed to spend on our "not-for-profit health care facilities" and the "national education systems" was blatantly taken away and used in his "trickle down" wealth enhancements for the wealthy. That put millions of Americans from mental institutions on the streets homeless and without a means to earn a living. American were eating out of garbage cans and sleeping on park and other public benches. To hide what he had done to the most needy he had the benches removed and had the media harass the local governments for allowing poverty to be seen.
Our economy has been on a downhill slide since Reagan as more and more of our tax dollars have been used for "wars on" and other programs to enhance the wealthy. Reagan introduced disdain and cruelty toward the needy and the conservatives have perpetuated it. We now have the most expensive government to operate in our history .as the wealthy get wealthier.
An agreement between the Clinton administration and congressional Republicans, reached during all-night negotiations which concluded in the early hours of October 22, sets the stage for passage of the most sweeping banking deregulation bill in American history, lifting virtually all restraints on the operation of the giant monopolies which dominate the financial system.
The proposed Financial Services Modernization Act of 1999 would do away with restrictions on the integration of banking, insurance and stock trading imposed by the Glass-Steagall Act of 1933, one of the central pillars of Roosevelt's New Deal. Under the old law, banks, brokerages and insurance companies were effectively barred from entering each other’s industries, and investment banking and commercial banking were separated. This was a big mistake, Why should your bank lend money to an expanding small business today when the can cash in on oil futures and reap bigger rewards. The end result is that the wealthy get more wealth and the middle class gets squeezed more and more.
I find it incredible that the leading Republican candidates for President are ousting a more regressive tax system that taxes the poor and middle class at a higher rate while giving the wealthy a slightly lower tax rate. The sad thing is that these candidates may win with this one-sided proposal. This brings me to the Question “do most Americans have their head up their ass? I vote yes.
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