Turn the Bull Loose

At the end of the day, you can thank that empty suit, Ronald Reagan and “Reaganomics” /
Reaganism” for the 2008 economic meltdown. This free market advocate may be held on a pedestal by many, but in my opinion he’s nothing more than a puppet used to satisfy corporate America’s agenda.

William Kleinknecht, author of

    The Man Who Sold the World: Ronald Reagan and the Betrayal of Main Street America

insists that Reagan was “the least patriotic president in American history,” and that his economic policies helped to “wipe out the high-paying jobs that were the real backbone of the country,” leaving so many “psychically adrift.”

Reaganism, aka “Voodoo Economics,” also contributed to the closing of the largest steel mill in Dixon, Illinois in 2001 (his hometown), Northwestern Steel and Wire Co. This put 1,400 workers out on the street. The farmers in the area also took a beating from Reaganism.

The point man for President Reagan and his reckless scheme to let the Banks go crazy on Wall Street was his Secretary of the Treasury, Donald T. Regan, a former bossman at Merrill Lynch. He pushed in the U.S. Congress for the “deregulation of the financial sector.”

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