AZspot

blue bits. red rocks.

reagan

Although the top rate for income taxes was 70 percent under Carter (where it had always been, since Kennedy), Carter gave the rich the most sacred tax cut they hold dear: a capital gains tax cut in 1978, from 39 to 28 percent. Thus, Carter gave the rich their first tax cut in 15 years. According to conservative theory, this should have nudged the economy in the right direction, not sent it into the worst economic crisis since the Great Depression. Conservatives also criticize Carter’s promotion of expanded government regulations. But Carter actually began deregulating during his term; in 1978, he deregulated airlines; by 1980, he was deregulating trucking, railroads interest rates and oil. All are fundamental to the economy’s operations. Carter also set up the deregulatory machinery that Reagan would later use to slash regulations almost in half by the end of his second term. Again, Carter’s actions should have nudged the economy in the right direction, not sent it into the worst economic crisis since the Great Depression. Myth: Carter ruined the economy; Reagan saved it

How do you like your party now, Ronnie? A Mormon everyone hates, a world-historical balloon animal 10 years past his sell-by date, a survivalist crank from Texas, and a guy who is pretty much a dick. That’s the party you and your boys created. That’s the end product of the “conservative movement” of which you were the amiable and occasionally coherent figurehead, a prop in your own life. You know how you know that’s the case, Ronnie? Look how hard they’re trying to memorialize you in concrete and marble. They stuck your name on National Airport, and on the biggest and ugliest building in Washington, D.C., to celebrate your devotion to smaller government. What was it that Bogart said in that detective movie? The cheaper the crook, the gaudier the patter. Dear Ronald Reagan: Thanks for Wrecking America

At least since the election of St. Ronald Reagan, self-styled conservatives have repeatedly revealed themselves to be the biggest frauds or most delusional suckers in American politics. Conservatives ostensibly believe in limited government and individuals who are smart and moral enough to use voluntary associations and free markets to meet the needs of all God’s children. But under Reagan and, more recently, George W. Bush and a Republican Congress that spent like LBJ on a bourbon-fueled bender, they cheered an immense increase not just in federal outlays and borrowing but also in centralization of power in Washington. The “FDR Democrat” Reagan saved entitlements for the old and the relatively wealthy by jacking up payroll taxes on the young and relatively poor. Bush and his congressional playmates created No Child Left Behind, the Medicare prescription-drug plan, the Transportation Security Administration and at least two wars that can only be reckoned tragic wastes of blood and treasure. Q: Is there a crisis in the conservative movement?

☼   ☼      ☼   ☼

A GNT creation ©2007–2014