The Reagan economy was a one-hit wonder. Yes, there was a boom in the mid-1980s, as the economy recovered from a severe recession. But while the rich got much richer, there was little sustained economic improvement for most Americans. By the late 1980s, middle-class incomes were barely higher than they had been a decade before -- and the poverty rate had actually risen. Full Story »
Posted by Kaizar Campwala - via avivao (f)
The only time I say nice things about Reagan's leadership is when I am arguing with rightwingers and need them to stop shouting so I can get in a decent point. Let's hope that's what Obama was doing. But Krugman is right on when he declares the new progressive movement must relegate Reagan to his proper place in the pantheon of Presidents, He doesn't deserve mention in the same breath as FDR. Maybe McKinley. Krugman, as usual, is a much needed voice in the media world of Reagan worshippers.
