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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Left Pushes Back
http://truth-out.org/opinion/item/18902-the-left-pushes-backAs result, Americans have figured out the truth behind the Reagan Revolution: Whether practiced by Republicans or Democrats, the Reagan Revolution is one giant scam. In Act One of "The Great Rejection of the Reagan Revolution," we've seen the rejection of Reagan-inspired Grenada-like Bush-era policies of pre-emptive strikes, and just about every aspect of the so-called "Bush doctrine."
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In Act Two of "The Great Rejection of the Reagan Revolution," Americans have rejected the Reagan Revolution policy of "deregulating the gangsters" that have allowed Wall Street big banks to grow out of control, and that caused the financial collapse of 2008.
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Because Reagan stopped enforcing the Sherman Anti-Trust Act, when Gramm-Leach-Bliley Act was passed, commercial banks were allowed to merge with investment banks to form the massive "too big to fail" banks that dominate Wall Street today and that have dealt near death-blows to our economy. To close out Act Two of this play, Americans rejected both of these Reaganomics mainstays, and also repudiated one of their principal cheerleaders, Larry Summers.
Time for Act III - rejection of the Trans-Pacific Partnership (TPP).
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Chan790
(20,176 posts)Was it repealed? Does it have to be reauthorized? Or is DoJ simply not doing it for some reason?
silvershadow
(10,336 posts)
Buns_of_Fire
(17,175 posts)First, we must rid ourselves of all these lefty, pinko-commie mary-gew-wanna smokers. They don't have as many lawyers as the too-big-to-do-anything-to crowd, and they throw their money away instead of channeling it to useful endeavors -- like buying politicians. 
L0oniX
(31,493 posts)
tblue
(16,350 posts)We have to.
go west young man
(4,856 posts)The 1996 Telecommunications Act hurt us all.
http://www.wifp.org/FCCandMediaDemocracy.html
Until recently, the FCC has sought to uphold its commitment to the First Amendment to ensure "the widest possible dissemination of information from diverse and antagonistic sources." In 1996, many of the previous actions to protect the consolidation of the media were overturned. The Telecommunications Act of 1996 was the first significant change in FCC law in more than 60 years. The new law sought to open competition in the communications market. Not surprisingly, the law was looked favorably upon by media corporations. It led to a wave of mergers, and actually decreased competition in the market. Instead of many groups providing media services, consolidation brought the number of participants down to only a handful of companies. The Act brought on a 1/3 decline in commercial radio stations (a loss of 1,700 stations). Although the Act was supposed to lead to a decrease in consumers' cable cost, cable prices have actually increased 30% since the law was put into effect. Now 7 companies, including AOL/Time Warner and Rupert Murdoch's News Corporation, own 75% of the market . The Telecommunications Act actually contradicted its intention of increasing media choices. Instead, it harmed competition and media democracy. The free market did not promote a diverse group of media companies as promoters of the Act predicted. In fact, the Telecommunications Act encouraged consolidation.
OnyxCollie
(9,958 posts)Thanks, Bill... asshole.
Greybnk48
(10,168 posts)Finally!
ErikJ
(6,335 posts)Top income tax rate must be doubled from current 39% to at least 70% like before Reagan, and the Capital Gains and Dividend top tax rate raised from current 20% to at least 36% like before Reagan, and preferably the same as the top income tax rate. As they say, a dollar is a dollar.
If the top tax rates arent raised the income/wealth gap will increase even more,......... we will have to continue trimming the social services to "balance the budget",........... Wall street and banks will remain unstable ,........ and worst, they will continue buying and bribing Washington to eventually reverse all the previous acts.
Cryptoad
(8,254 posts)It is no coincidence that oiur most robust Economy and Middle Class existed when the Max Effective Income Tax rate was over 50% !
rhett o rick
(55,981 posts)Precisely
(358 posts)
Uncle Joe
(58,361 posts)Thanks for the thread, Scuba.
Spitfire of ATJ
(32,723 posts)We are still acting like Capitalism = Freedom while the rest of the world has moved on and is laughing at us for being so backward.
Example? VW is building a car that gets 240 mpg that is unavailable here because our auto makers are in bed with the oil companies and the laws protect that profit driven collusion in the name of Capitalism. They have suckered the American market into believing 35 mpg is as good as it gets.
L0oniX
(31,493 posts)we don't need all the nukes and world police ...nope. Fuck ...we would have been better off by keeping the cold war going. At least we wouldn't be able to get away with this world police bully shit ...and the spies would still be looking at Russia and East Germany instead of spying on all of us ...except for cointelpro which was micro small and mild compared to what the NSA and DHS is doing now.
Spitfire of ATJ
(32,723 posts)They are looking for specific things that could reveal their plans for us.
rhett o rick
(55,981 posts)
cantbeserious
(13,039 posts)eom
Enthusiast
(50,983 posts)
LWolf
(46,179 posts)