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DENVERPOPS

(13,003 posts)
13. Some of the other crap
Thu Dec 19, 2024, 04:04 PM
Dec 2024

done in the period Reagan was in office was far more destructive to the Middle class.....and the list is endless.

The usury rate for interest was increased from 12% to 24%. Medical expenses, including the cost of insurance were no longer deductible for everyone. A humongous hit was put out on Unions, resulting in a major drop in Union Wages and Benefits. The tax rate on the wealthy, Uber wealthy, and corporations was lowered significantly. The Retirement plans for Corporations were destroyed and shifted to the stock market. The list is endless......

Everyone always says: Reagan did it. Reagan was just a pawn, not unlike WBush. It was done in the shadows by their administrations.
HWBush's CABAL ran everything. No different than Cheney/Rumsfeld CABAL. Interesting that many of the same CABAL were involved in both administrations and laid the groundwork/foundation for where we find ourselves today.

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