Let’s blow up the myth of Ronald Reagan’s “legacy,” before it does us in

Condi Rice, hailing Ronald Reagan’s wondrous legacy, imagines “a Europe whole, free and at peace,” thanks to him. You have to see and hear it to believe it:

Ronald Reagan statue unveiled in London – video

Former US secretary of state Condoleezza Rice and foreign secretary William Hague unveil a statue outside the US embassy in London’s Grosvenor Square to mark the former US president’s centenary


“A Europe at peace”?

Greek Prime Minister George Papandreou offers to resign as austerity protests swell

Spain: Madrid ‘Euro-pact’ protesters take to streets

Portugal’s ‘desperate generation’ cries out

Now here’s some truth about that legacy:

Published on Sunday, July 10, 2011 by Al Jazeera
Reagan Mythology is Leading US Off a Cliff
During Reagan’s presidency, the US went from a creditor to debtor nation and marked a take-off for financial inequality.
by Paul Rosenberg

As things stand today, the US is hurtling toward a budget showdown in less than a month. Either President Obama will once again capitulate to extreme Republican budget-slashing demands, making Democrats seem as much of a threat to Medicare as Republicans, and virtually ensuring a GOP electoral sweep in 2012, or the US will default on its debt for the first time in its history, most likely plunging the world economy back into another five-continent recession, also costing Democrats the 2012 elections. These are the options left for a president and a political class completely divorced both from reality, and its own history of how one of the three greatest US presidents of all time steered the country from the brink of collapse eight decades ago

Read more.


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