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Wed Nov 11, 2015, 11:54 PM

How Reaganomics Killed the American Middle Class, Thom Hartmann, Prof. Richard Wolff



In another special economics edition, Thom discusses what Ronald Reagan's economic policies have done to America's middle class in the last 35 years with economics Professor Richard Wolff, author of the book "Democracy at Work: A Cure for Capitalism". Nov. 11, 2015, (56 mins.).

Topics include: the era of Keynesian economics and prosperity, 1935-1981; the Great Depression and FDR's New Deal; the growth of the union movement in America; widespread affordable college education and home ownership for WWII Veterans with the govt. GI Bill and newly created FHA, Federal Housing Authority to guarantee home buying.

Thom and Prof. Wolff outline the conservative right's support for the rise of the Reagan revolution by the 1970s and what resulted; they assess where we are today and propose ideas for a stronger, fairer economy for American workers. A very informative talk so grab a beverage & popcorn to hear what two of the brightest progressive minds have to say.

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Reply How Reaganomics Killed the American Middle Class, Thom Hartmann, Prof. Richard Wolff (Original post)
appalachiablue Nov 2015 OP
daleanime Nov 2015 #1
appalachiablue Nov 2015 #2
Spitfire of ATJ Nov 2015 #3
Enthusiast Nov 2015 #12
appalachiablue Nov 2015 #16
blackspade Nov 2015 #4
appalachiablue Nov 2015 #15
LittleGirl Nov 2015 #5
LittleGirl Nov 2015 #17
appalachiablue Nov 2015 #18
LittleGirl Nov 2015 #19
Paka Nov 2015 #6
appalachiablue Nov 2015 #13
Sherman A1 Nov 2015 #7
appalachiablue Nov 2015 #8
navarth Nov 2015 #9
appalachiablue Nov 2015 #10
navarth Nov 2015 #11
appalachiablue Nov 2015 #14
mother earth Nov 2015 #20
appalachiablue Nov 2015 #21
mother earth Nov 2015 #23
appalachiablue Nov 2015 #24
blackspade Nov 2015 #22

Response to appalachiablue (Original post)

Thu Nov 12, 2015, 12:02 AM

1. Bookmarked

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Response to daleanime (Reply #1)

Thu Nov 12, 2015, 12:10 AM

2. That's good, definitely a worthwhile episode for sure. I could listen to them for hours and wish

there had been instructors like that at school. Both are terrific educators and communicators.

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Response to appalachiablue (Original post)

Thu Nov 12, 2015, 01:34 AM

3. Meanwhile,...in the basement of the American Enterprise Institute....

 

The spirit of Reagan is contained.

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Response to Spitfire of ATJ (Reply #3)

Thu Nov 12, 2015, 04:26 PM

12. Perfect!

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Response to Spitfire of ATJ (Reply #3)

Fri Nov 13, 2015, 12:42 AM

16. Oh dear, so that's the place. At least he's confined. I pray. On this I'd like to live

long enough to see places like Washington National Airport restored to the original name that already memorialized a US president.

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Response to appalachiablue (Original post)

Thu Nov 12, 2015, 01:38 AM

4. Huge K&R!!!

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Response to blackspade (Reply #4)

Fri Nov 13, 2015, 12:08 AM

15. Two of the best breaking down this difficult American period. Enough! Time to start a New Way.

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Response to appalachiablue (Original post)

Thu Nov 12, 2015, 03:36 AM

5. 56 minutes, bookmarked for later

I never voted for Reagan and I blame him and congress for many troubles I faced during and after his reign.

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Response to LittleGirl (Reply #5)

Fri Nov 13, 2015, 06:08 AM

17. I was able to watch this today

and I have to say, it was Brilliant. I agree with the professor that programs and discussions like this is what will save America from capitalism. Thanks for sharing!

I also love that he gave a shout out to Bernie's message. He never mentioned another candidate and that just makes me smile!

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Response to LittleGirl (Reply #17)

Fri Nov 13, 2015, 10:23 AM

18. It's a great discussion & well paced. I could listen to more. Wolff mentioned major

resources like the numerous policy and advocacy think tanks and media outlets (Fox and others) that have been implemented for decades to advance the right's policies. The Lewis POWELL MANIFESTO of 1971 which Thom talks of was THE major kickoff alarm to conservatives to set up lobbying groups in WDC to influence legislation, take over the media, follow and impact academia, etc. that's all come to pass. Mentioning Bernie was relevant to the conversation and nice to hear.

Academia is also where right is pouring in money in the last 25 years. The Kochs fund more than 300 US colleges and universities all over the country, especially business schools and economics depts. In some schools they determine the selection of staff and professors who teach young people their ideology. It's a very dangerous development and some students groups are trying to call attention to the Kochs' influence now.

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Response to appalachiablue (Reply #18)

Fri Nov 13, 2015, 11:35 AM

19. wow

I had no idea that the Koch's funded 300 colleges and universities. damn it.

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Response to appalachiablue (Original post)

Thu Nov 12, 2015, 03:39 AM

6. Great piece.

Bookmarked and sent on to friends and family.

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Response to Paka (Reply #6)

Thu Nov 12, 2015, 11:57 PM

13. They both do a fine job on this massive subject. You're good to pass it along to F & F

spread the info.

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Response to appalachiablue (Original post)

Thu Nov 12, 2015, 04:42 AM

7. K&R!

Thanks for posting.

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Response to Sherman A1 (Reply #7)

Thu Nov 12, 2015, 12:46 PM

8. Thom and Prof. Wolff do a good job of covering main aspects of the dramatic decline

in American workers standard of living since Reagan. And it's clear that a new model needs to be forged to repair the damage of Reagan and Friedman and to foster a more sustainable economy and society. Our survival and democracy's continuance depend on it.
John Maynard KEYNES was the most progressive economist of his time. His ideas influenced FDR, Brit. Labor PM Clement Attlee (1945-1951) and western democracies that adopted govt. intervention policies, demand side economics and the social safety net, welfare state.
An entire generation of US economists like John Kenneth Galbraith, Joseph Stiglitz and Paul Krugman were impacted by Keynes economics and social democratic government polices.

Again, the breakdown of Keynesian economics and the welfare state by conservatives since the mid-1970s requires a different system that's more resistant to the powerful right as Wolff states. It's a challenging order but people have the creativity, strength and determination to make it happen.

~The Great Depression of the 1930s: A Visual Legacy, The result of 3 pro-business Republican presidents before FDR~









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Response to appalachiablue (Original post)

Thu Nov 12, 2015, 12:56 PM

9. Morning In America!!!

But it's not Saint Reagan's fault. It's the fools who voted for him. Reagan was a ventriloquist's dummy for the MIC and the billionaires.

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Response to navarth (Reply #9)

Thu Nov 12, 2015, 01:04 PM

10. The former head of the Screen Actor's Guild union who once referred to himself as

'a bleeding heart liberal', Reagan aka 'Dutch' was a successful puppet for the conservative right and still holds a lot of responsibility. The fools who voted for him were taken in by the con, which was part of the GOP 'winning' strategy. Lesson learned, don't be fooled again or perish for all.

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Response to appalachiablue (Reply #10)

Thu Nov 12, 2015, 01:06 PM

11. My man James Garner laid it down in his biography. Did you read it?

Really worthwhile. Jimmy was such a great guy. Miss him.

He talked about Saint Reagan in a way that brought him down to size. Recommended.

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Response to navarth (Reply #11)

Fri Nov 13, 2015, 12:02 AM

14. I read about that, thanks. Jim really didn't mince words about Ronnie's dunce

leadership of SAG and his lack of presidential qualifications, Arnold S. and so forth. Garner was always great, a real good guy and versatile actor.

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Response to appalachiablue (Original post)

Fri Nov 13, 2015, 01:19 PM

20. K & R!

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Response to mother earth (Reply #20)

Fri Nov 13, 2015, 10:22 PM

21. Two of the best experts and communicators laying out the Reagan counter revolution

very clearly. And is it ugly. Past time to end free market, trickle down voodoo economics for the sake of the people and earth it's killing. I'm talking to you too, Maggie.

Three consecutive GOP presidents, Harding, Coolidge and Hoover ran the same anti-regulation, anti-govt., pro business, trickle down, loose credit and easy money policies throughout the 1920s and look what happened. The international Financial Crash of 1929 and the worldwide Great Depression that brought untold misery and tripped Germany toward 1930s full on Fascism and WWII. Haven't we learned, yet?




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Response to appalachiablue (Reply #21)

Thu Nov 19, 2015, 04:23 PM

23. The people forgot, and trusted too much in the illusion. TPTB remember all too well & it's all by

design, just like the rigged markets & "forgetting" about two GW stolen elections, and leaving our votes at high risk. Thankfully, we have a few lone voices sounding the alarms and urging a political and social movement to end this charade. We have to talk about it openly and confront it, in order to end it. It's going to take all of us.

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Response to appalachiablue (Reply #21)

Sun Nov 29, 2015, 12:07 PM

24. Time for the economic death sentence for free market, neoliberal, trickle down, supply side

Reaganomics and Thatchernomics and the start of a new sustainable system, NOW before it's too late.

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Response to appalachiablue (Original post)

Sun Nov 15, 2015, 11:19 AM

22. Wolff continues to talk sense to the masses

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