The Anti-Economist — From the May 2013 issue

The Age of Cruelty

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Following heavy Democratic losses in the 2010 congressional elections, Barack Obama announced that he was reading a biography of Ronald Reagan to see how the great man had handled his party’s whopping 1982 midterm defeat. With the country mired in a deep recession, Republicans had lost twenty-seven seats in the House of Representatives. But Reagan maintained that recovery was around the corner. By the following year, the economy had bounced back and the unemployment rate, which in 1982 averaged nearly 10 percent, had begun falling sharply. Reagan easily won reelection in 1984. Having experienced even greater losses in the House, Obama hoped that Reagan’s story would provide a blueprint for his own political recovery — and perhaps it did, since he won reelection more comfortably than many pundits had predicted.

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  • http://www.facebook.com/ralph.deeds.9 Ralph Deeds

    Much truth in this article. It should be required reading for the Tea Partiers who accuse Obam of redistributionism and call him a socialist. http://ralphdeeds.hubpages.com/hub/The-Tea-Party-Syndrome-Do-you-have-it

  • Sofianitz

    Madrick has no appropriate characterization of the Reagan Era. We were there. We saw the lies and duplicity. We saw the oppression of the American labor movement. We saw the destruction of the people’s revolutions of El Salvador, and Nicaragua. We saw this stupid sub-human pig, sitting in the White House, responding to each day as if it were a film production. Reagan did not know the meanings of the words he spoke, those appearing on his monitor, each day. He did not even believe that he was required to know their meanings. The Actor. We saw him. With our own eyes.

    Slop-sucking pig.

    Enormous harm to the United States and the human race.

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