100 Year Birthday Celebration Of Ronald Reagan – The Godfather Of The Real Estate Bubble, The Predator Economy And Economic Oligarchies

It may be unfashionable to call out someone who is so revered by so many minds consumed by propaganda but that’s exactly what I am going to do.  Both HBO and PBS are running documentaries of Reagan for his 100th birthday.  I watched enough to see the theme was  focusing on the human mind’s fantasy that Reagan epitomized the American dream.  Reagan may have been epitomized the American dream on some level but I’m not sure how his actions as President can be classified as a success.  To rise from an abusive home of relative squalor and make something of himself is a great success story.  But to then become President where he single-handedly espoused principles that dismantled our economic and political freedoms seems to only be a dream in the sense of most nightmares.  

Reagan’s presidency highlights one point very clearly.   That is, how in God’s name has our political class adopted a view that presidents are somehow granted divine authority to fuck up anything and everything they choose as their gift of gab is able to convince other equally ridiculous politicians to do it?   Reagan knew about as much about economics as Obama.  That is just about absolutely nothing.  It is unfashionable to speak frankly about how many people idolize presidents as figures larger than life, a pervasive shortcoming of the human mind, but those who seek power and authority are often the most uncentered  people in society.  And therefore the decisions they make are seldom in the best interests of society but rather reflect the complexities of the human condition.  We need constitutional rights to protect our economic freedoms from smooth-talking know-nothing power mongers and we need to enforce the Constitution on issues of human liberties. 

Reaganomics is one of the greatest crimes against democracy and the American people.  The ridiculous economic voodoo that rich people’s scraps will create the wealth for the rest of us is based on the timeless evil  of class warfare perpetuated by crooked elites.   See how well Reaganomics would sell in Egypt, Yemen, Tunisia, Libya and Saudi Arabia.  In fact, I literally just saw a professor in Egypt call trickle down economics absolute nonsense – because that is exactly how their economy works today, just as ours does.  

Voodoo economics  may only be surpassed by the even more fraudulent perspective that Wall Street banksters know the difference between their ass and a hole in the ground or that their Frankenstein finance of pushing around paper creates wealth and is the basis for American economic might and a sustainable economy – a position that Ivy League MBA programs, George Bush, Bill Clinton, Alan Greenspan, Ben Bernanke, almost all Washington Republicans and Democrats and President Obama supports.  And this too will have dire consequences just as Reaganomics has.

Reagan was the mouth piece for special interests seeking to overturn democracy and that is exactly what he did.  It was all wrapped up with a pretty bow and encased in wonderful words of freedom, democracy and the American flag while just the opposite was happening in the morally bankrupt economic voodoo he espoused. 

Reaganomics or trickle down voodoo economics, as his eventual vice president George Bush would call it, can only work by restricting access to capital and economic opportunity to a very few.  It works by choking off economic democracy and creating an environment of neofeudalism like we see in Egypt and America today.  And that is exactly what happened by choking off the economic vibrancy of America and the liberties of the vast majority of Americans.  Our economic freedoms have been on a continuous downward track with every American president since as wealthy special interests continued the recursive dynamic of pumping more and more money gained by Reaganomics graft into both major political parties to control the economic ideology of our nation.  In other words, Reaganomics led to stolen wealth that led to the ability of elites to fund greater theft that led to even more wealth that led to even greater theft by controlling economic legislation in Washington.   (George Bush Sr. was the perfect example of the psyche of a politician.  He was more than willing to sell his soul for power and greed by hopping onto Reagan’s political ticket, one that had an economic ideology he labeled as voodoo absurdity.)

We have talked on here many times that America’s economic activity peaked between the late 1970s and early 1980s.  And that is just about the time free market economics, code word for corrupt Reaganomics, took hold in our country courtesy of Wall Street mobsters and corrupt elites.  And while I am not going to share that data on here, it is actually quite easy to prove when our economic activity peaked if you know what to look for.   While GDP has increased substantially since, it has been because of the massive money bubble and because of greater and greater government spending necessary to keep the Ponzi scheme going.    These dynamics have created the perception of ever-increasing wealth while the economy has been structurally destroyed in the process.  Reagan presided over the beginning of the end of American economic hegemony.   There is absolutely no recovery without a new economic model.  We will get one, of that I am completely certain.  It’s just a matter of whether it will be driven by politicians of virtue or if it will be in response to economic disaster.

Economist Michael Hudson, one of but a handful of economists I respect in their search for truth and understanding of real economics in lieu of  bat shit economic ideology, talks about the true legacy of Ronald Reagan;  The creator of the predator state where regulation was destroyed, crooks gained control of the economy & our political process and where these same crooks  now attempt to convince average Americans that their enemies in all of this morass are public sector workers because they actually have a living wage.   This attempt at dividing the non-political and non-elite class of Americans through the use of  schadenfreude hides the true reality.  But this elitist-pushed deception is necessary if the crooks are going to maintain control of our economy and continue to subvert democracy and economic freedoms.  It will fail.  There is absolutely no doubt.  Fraud is simply not sustainable without the physical enforcement of the state when it is finally revealed for what it is.  And that is what we are witnessing today.  The failure of decades of fraud.

Ronald Reagan was not a great president as ideologues would have us believe.  He might have been a decent person who was simply deluded by his own ego and false belief system, but he was not a great president.   He was just another in a long line of failed Washington idiots, posing as presidents, spanning the decade from the late 60s until Reagan took office and finally turned our society and our economy on its head with voodoo. 

Today, Washington politicians from both parties practice the same Ouija board economics because graft draws a certain kind of mind to Washington politics just as it does to Wall Street. 

If we change the rules to politics and what it means to serve our country, a different kind of person will arrive in Washington.  Our rules to politics should encourage virtue not vice.  And then the sociopathic crooks and power-mongers will go elsewhere for their fix.