LBJ and Reagan loyalists clash over Obama agenda

[and-justice-for-all]

By John Blake
CNN

(CNN) -- "Who controls the past controls the future."
President Reagan's former aides say Obama's budget repudiates Reaganomics.

It's a line from George Orwell's novel "1984." But it could also serve as the rallying cry for two groups battling over President Obama's ambitious domestic agenda -- and the legacy of two former presidents.

Critics of Obama's proposed $3.5 trillion federal budget say he's poised to jeopardize the economic gains unleashed by President Reagan.

They say he will make the same mistakes that President Lyndon B. Johnson did when he committed massive amounts of federal money to create a slew of anti-poverty programs dubbed "The Great Society."

"The Great Society created a lot of programs and wasted a lot of money," said Kenneth Khachigian, a former Reagan speechwriter and adviser. "The biggest war on poverty was the economic boom started by Reagan."

But others like Joseph Califano Jr., Johnson's senior domestic adviser, say the notion that the Great Society was a failure is one of the "greatest political scams" in American history....

http://www.cnn.com/2009/POLITICS/04/07/Obama.LBJ/index.html

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Raygunomics is an epic failure and if Obama can undo this mess caused by "trickle down bullshit", the sooner the better.

[Skittles]

1. that bastard reagan made idiocy and greed fashionable

repudiating Reganomics is a fucking WONDERFUL thing

[Captain Hilts]

2. HEY!

FDR & ER:

Don't forget our loyalists!!!

[dflprincess]

3. Johnson's mistake was not the War on Poverty

his mistake was committing "massive amounts of federal money" to the Vietnam War. That is what kept the Great Society from succeeding in a big way.

Apparenlty Reagan's aides are as out of touch as St. Ronnie was. "The biggest war on poverty was the economic boom started by Reagan."? :wtf:
The mess we're in today started with Reagan.

[and-justice-for-all]

4. RIGHT! nt

[Sebass1271]

5. what a load of crap..

pleeease i am just fine with My president, don't speak for me Mr. Blake.

[UTUSN]

6. Oh!1 LBJ "wasted a lot of money" on the Great Society programs, did he!1 HAH!1 n/t

[Ardent15]

7. Reaganomics is one of the biggest criminal frauds...

..created by conservatives.

It has ruined this nation.

[hfojvt]

8. all the way with LBJ

and as for Reaganites. In my guts I know they're nuts.

"The biggest war on poverty was the economic boom started by Reagan"

Right. So the fact that the poverty rate was 15% in 1964 but only 9.7% in 1969 means the war on poverty was a failure. And the other fact that the poverty rate was 10.3% in 1980 when Reagan asked "are you better off than you were four years ago?" and after 8 years of Reaganomics it was reduced all the way down to, uh 10.3% in 1989, and then, as Reaganomics was continued under Bush, it, uh "fell" to 10.7% in 1990 and to 11.5% in 1991, and 11.9% in 1992 and 12.3% in 1993. That means that Reaganomics totally defeated poverty. Rrrriiiiight.

But it's not like there wasn't some prosperity under Reagan. After all the share of income going to the top 5% went from 15.6% in 1981 to 18.3% in 1989, and then to 21% by 1993. By 1993, there was an extra $359 billion going to the wealthy every year. Reaganomics certainly benefited SOME people, but it wasn't the poor.

[hfojvt]

9. and kick again

[Captain Hilts]

10. Kick. nt

[Vickers]

11. "The biggest war on poverty was the economic boom started by Reagan."

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