It all began with Reagan... but it ends with us.
by btchakir, Sun Dec 14, 2008 at 01:59:45 AM EST
Thom Hartmann made an interesting statement on Olbermann's show Friday:
We have gone, when Reagan came into office we were the largest exporter of manufactured goods and the largest importer of raw materials on the planet. And the largest creditor. More people owed us money than anybody else in the world. Now just twenty eight years later we're the largest importer of finished goods, manufactured goods, exporter of raw materials which is kind of the definition of a third world nation and we're the most in debt of any country in the world. This is the absolute consequence of Reaganomics.So here we are facing 2009 and it doesn't look like things will change anytime soon.
The Republicans have kicked the UAW in the face by not supporting the Big 3 auto makers. Now, unless the TARP is hit for support of the auto industry by Bush's Treasury Department, we will see at least GM and Chrysler go bankrupt (Ford is apparently in a little better shape... but not much) and unemployment in the industry, including suppliers and dealers and even the waitresses in the restaurants where employees get lunch, will grow quickly.
Obama's election may signal change, but such change will not upset 28 years of deconstruction with any immediacy. And, remember, we still have people like Mitch McConnell in the Senate who will work very hard to get us into the Depression that the Republicans seem to be aiming at something they have not been able to pull off since Herbert Hoover.
It seems to me that it is necessary now to start planning to remove more Republicans in the 2010 elections... even though we know that mid-Presidency elections often swing to the opposing party. Keeping America focused on its real needs is a very hard job, but it will offer progressive blogs a deep and important subject to which we may commit our ongoing work.