Saturday, February 5, 2011

Debunking the Reagan Myth

Paul Krugman on Ronald Reagan, who wasn't really a President but did play one on TV and whose addled reign we still suffer from. This is from January 2008:

Historical narratives matter. That’s why conservatives are still writing books denouncing F.D.R. and the New Deal; they understand that the way Americans perceive bygone eras, even eras from the seemingly distant past, affects politics today.

[...] The fact is that how we talk about the Reagan era still matters immensely for American politics.

Bill Clinton knew that in 1991, when he began his presidential campaign. “The Reagan-Bush years,” he declared, “have exalted private gain over public obligation, special interests over the common good, wealth and fame over work and family. The 1980s ushered in a Gilded Age of greed and selfishness, of irresponsibility and excess, and of neglect.”

For it did fail. The Reagan economy was a one-hit wonder. Yes, there was a boom in the mid-1980s, as the economy recovered from a severe recession. But while the rich got much richer, there was little sustained economic improvement for most Americans. By the late 1980s, middle-class incomes were barely higher than they had been a decade before — and the poverty rate had actually risen.

I understand why conservatives want to rewrite history and pretend that these good things happened while a Republican was in office — or claim, implausibly, that the 1981 Reagan tax cut somehow deserves credit for positive economic developments that didn’t happen until 14 or more years had passed. (Does Richard Nixon get credit for “Morning in America”?)

And like Reaganomics — but more quickly — Bushonomics has ended in grief. [...]

This is, in short, a time when progressives ought to be driving home the idea that the right’s ideas don’t work, and never have.

The right’s ideas don’t work, and never have. You can't change their minds. Bring up the record, they just trot out the folk tales they always use and call you a commie.

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