If you really want to know what’s going on you must keep your eyes on the site, Center for Media and Democracy, and follow their “PR Watch.” You’ll get some straight talk that exposes the news the national media has lately either ignored or relegated to the back of the news section. One such item is an opinion-editorial by David Stockman, former director of Ronald Reagan’s Office of Management and Budget.
Although many do not agree with Reaganomics ideology, the GOP has praised its theory and the supposed positive results it has produced when implemented. But Stockman goes after Republicans, particularly Mitch McConnell, who say current GOP economic policies are in the Reaganesque tradition, when they really aren’t. The former director has four major points to qualify his reasoning:
1. He says you can’t blame runaway public debt on the spending of Democrats, rather the Republican Party’s attachment to the “insidious doctrine” that ignores deficits if they result in tax cuts.
2. The neocons significant increase of the military budget.
3. Deregulation of the financial sector, particularly on leveraged and speculative issues.
4. The consistent sending of U.S. jobs overseas.
In closing, Stockman says that, “…Republicans have strayed so far from their ideological roots that they have ‘made a mockery of party ideals’ and led the country into adopting policies that crippled the economy.” WOW! That’s heavy stuff I don’t remember reading until now.
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