I ask all you Obama doubters out there..

[mick063]

40. The big problem was.............

We collectively threw the baby out with the bath water.

We needed change, but not Reagan change. Everything in government was properly in place, but it needed revision, modernization, and more accountability. Instead, a movement was created to go in a completely different direction. A movement that constantly pointed at government failures (ie. weekly on "60 minutes: The fleecing of America".) It opened the door to the concept that private industry could do it better. That profit would motivate efficiency. The era of government contracting, on a major scale, began.

America bought into Freidman economics. It was a wonderful concept. Powerful corporations would spread the wealth to everyone. Americans ate it up. We even opted to collectively change our retirement format to fall in line with it (401K).

Decades later, we find that Reagan's "promise" was a lie. The "trickle down" is stashed off shore or invested in "non job creating" hedge funds, and wages are at historical lows.

In the modern case, it is truly time to throw the baby out with the bath water. We absolutely cannot trust private enterprise to do it better. The test results are in. Reagan (and the Democratic third way) are a complete and utter failure. Our President is a disciple of this economic thinking.


On another note, It won't be long until we collectively discover that 401K is a complete failure as well. And to think that Bush wanted to run Social Security in the same manner as 401k.