Bloomberg Insider brands Reagan 'socialist'

[steve2470]

http://www.politico.com/blogs/media/2012/08/bloomberg-insider-brands-reagan-socialist-133426.html

A first look at the cover of tomorrow's Bloomberg Insider, branding Ronald Reagan a "socialist." (Full view.)

From the article:

Ronald Reagan remains the modern Republican Party’s most durable hero. His memory will be hailed as The Great Uncompromiser by those who insist the GOP must never flag in its support for smaller government, lower taxes and conservative social values.

His record tells a different story.

[MadHound]

1. Well, I knew that was coming down the pike sooner or later,

The Republican party has gone from moderates like Ike, to hard conservatives like Reagan, to batshit crazies like we have now. To them, everything and everybody looks like a "socialist&quot though their liberal usage of the term simply shows that they have no clue what they're talking about).

The trouble is, the Democratic party has slid to the right with them, from enacting socialist policies to enacting moderately liberal policies to enacting center right policies.

The left has no voice in the corridors of power anymore.

[snot]

2. You know what? This country needs more Democratic Socialism, and

why shd we be ashamed to say so?

[nadinbrzezinski]

3. Well now bloomberg is doing it

nope, St. Reagan could not run today... in the republican party (I honestly doubt if he could in the Dem party either, we have gone that far right)

[Poiuyt]

4. I read somewhere that Reagan raised taxes more than any other president in US history

He had that big tax cut his first year, but when he saw that it wasn't working, he started to raise taxes. I believe he did it every year but his first. His budget director, David Stockman, said that everyone in the White House was forbidden to call them tax increases. They came up with other names for them.

[jmowreader]

5. He did two tax cuts and eleven tax increases

Reagan was clever: he lowered tax rates while eliminating deductions and credits. What's clever about this is most far-right types think the rates are the only thing that determines how much tax you pay. If you were to take 500 teabaggers, tell them you were lowering tax rates by 10 percent, eliminate enough deductions to cause their taxes to go up by $500 per year, then ask them what happened to their taxes, every one of the 500 will tell you they got a tax cut. Guaranteed.