Tuesday, February 8, 2011

Reaganomics Sucked Wealth up, Did Not Trickle it Down [8:31m video & script]

Paul Jay interviews Michael Hudson for Real News.

I've become so sickened with US mainstream media's portrayal of Ronald Reagan as a kind of superhero among US Presidents. I remember the Reagan administration in connection with the Contra War (US sponsored Honduran mercenaries) against Nicaraguans seeking independence from the Empire in the early 1980s. I visited that country twice during this period and witnessed the destruction these mercenaries inflicted on health clinics, schools, and cooperatives. I also associate his administration with the attacks on US labor unions, on the rise of the neo-cons in the government.

Of course, like all post WWII Presidents, he was largely a figure head, a second rate actor and former GE salesman whom the public found very personable and likable, much like Obama today.