Reagan Burned Down the American Dream — Can We Still Save What’s Left?

We’re over it, Republicans; we want fun and meaning back in our lives, rather than just working ourselves to death so Bezos and Zuck can buy new yachts...

A new national survey of Americans finds that almost half of us (48%) say our lives are “lacking in fun” with fully 12% saying they can’t recall the last time they had an entire day they could simply enjoy. More than half (57%) said this was because they couldn’t afford to have fun, which makes perfect sense when you consider how 45 years of Reaganomics have destroyed the union movement and progressive taxation, and thus gutted the American middle class.

Like idiots, we Americans bought Reagan’s siren song hook, line, and sinker back in 1980. He told us prosperity would “trickle down” if we just abandoned the largely non-profit healthcare system we had nationwide (most states required hospitals and health insurance companies to be nonprofits), the unions that fought for us to have good pay and benefits, enforcement of anti-monopoly laws, free college, and subsidized housing.

Reagan put what’s sometimes called “the neoliberal agenda” (I wrote a book about it: The Hidden History of Neoliberalism: How Reaganism Gutted America”) into place and no president, Republican or Democratic, has fully repealed it. We still have few union members, low taxes on billionaires and corporations, profitized healthcare and education, and stagnant wages for working class people.

All because we believed the Republicans and their billionaire backers and media owners. Consider how they’ve played three generations for fools:

Republicans told us if we just cut the top tax rate on the morbidly rich from the 74% it was at in 1980 down to 27% it would “trickle down” benefits to everybody else as, they said, the “job creators” would be unleashed on our economy.

Instead of a more general prosperity, we’ve now ended up with the greatest wealth and income inequality in the world, as over $70 trillion was transferred over 45 years from the bottom 90% to the top .1%, where it remains to this day. The middle class has gone from over 65% of us to fewer than half of us. It now takes 2 full-time wage earners to sustain the same lifestyle one could in 1980.

Republicans told us if we just deregulated guns and let anybody buy and carry as many as they wanted wherever they wanted it would clean up our crime problem and put the fear of God into our politicians.

“An armed society is a polite society” was the bumper sticker back during Reagan’s time, the NRA relentlessly promoting the lie that the Founders and Framers put the Second Amendment into the Constitution so “patriots” could kill politicians like they tried to do on January 6th. Five corrupt in-the-NRA’s-pocket Republicans on the Supreme Court even got into the act by twisting the law and lying about history to make guns more widely available.

Instead of a “polite” society or politicians who listened better to their constituents, we ended up with school shootings and a daily rate of gun carnage unmatched anywhere else in the developed world.

Republicans told us that if we just ended sex education in our schools and outlawed abortion, we’d return to “the good old days” when, they argued, every child was wanted and every marriage was happy.

Instead of helping young Americans, we’ve ended up with epidemics of sexually transmitted diseases, unwanted pregnancies, and — now that abortion is illegal in state after state — a return to deadly back-alley abortions. Women are literally dying in Red states because doctors are terrified to treat miscarriages for fear of being imprisoned for violating abortion laws.

Republicans told us that if we just killed off Civics and History classes in our schools, we’d “liberate” our young people to focus instead on science and math.

Instead, we’ve raised two generations of Americans who can’t even name the three branches of government, much less understand the meaning of the Constitution’s reference to the “General Welfare.”

Republicans told us that if we cut state and federal aid to higher education — which in 1980 paid for about 80% of a college student’s tuition — so that students would have what they told us was “skin in the game,” we’d see students take their studies more seriously and produce a new generation of engineers and scientists to prepare us for the 21st century.

Instead of happy students, since we cut that 80% government support down to around 20% (with the 80% now covered by students’ tuition), our nation is groaning under a $2 trillion dollar student debt burden, preventing young people from buying homes, starting businesses, or beginning families. While students are underwater, banksters who donate to Republican politicians are making billions in profits every single week of the year from these bizarrely non-negotiable loans.

Republicans told us that if we just stopped enforcing the anti-monopoly and anti-trust laws that had protected small businesses for nearly 100 years, there would be an explosion of innovation and opportunity as companies got bigger and better.

Instead, we’ve seen every industry in America become so consolidated that competition is dead, price gouging and profiteering reign, and it’s impossible to start or find small family-owned businesses anymore in downtowns, malls, and the suburbs. It’s all giant chains, many now owed by hedge funds or private equity. Few family or local businesses can compete against such giants.

Republicans told us that if we just changed the laws to let corporations pay their senior executives with stock (in addition to cash) they’d be “more invested” in the fate and future of the company and business would generally become healthier.

Instead, nearly every time a corporation initiates a stock buyback program, millions and often billions of dollars flow directly into the pockets of the main shareholders and executives while workers, the company, and society suffer the loss.

Republicans told us that if we just let a handful of individual companies and billionaires buy most of our media, a thousand flowers would grow and we’d have the most diverse media landscape in the world. At first, as the internet was opening in the 90s, they even giddily claimed it was happening.

Now a small group of often-rightwing companies own our major media/internet companies, radio and TV stations, as well as local newspapers across the country. In such a landscape, progressive voices, as you can imagine, are generally absent.

One nepo-baby MAGA billionaire now owns, will soon own, or influences, as Bernie Sanders noted: “TikTok, CBS, CNN, HBO, Discovery Channel, BET, Cartoon Network, Comedy Central, DC Studios, Fandango, Miramax, MTV, Nickelodeon, Paramount, PlutoTV, Showtime, TBS, The CW, TNT, Warner Bros., and more.”

Republicans told us we should hand our healthcare decisions not to our doctors but to bureaucratic insurance industry middlemen who’d would decide which of our doctor’s suggestions they’d approve and which they’d reject for payment. They said this will “lower costs and increase choice.”

In all of the entire developed world — all the OECD countries on 4 continents — there are only 500,000 medical bankruptcies a year. Every single one of them is here in America.

Republicans told us if we just got rid of our unions, then our bosses and the companies that employ them would give us better pay, more benefits, and real job security.

As everybody can see, they lied. And are working as hard as they can to prevent America from returning to the levels of unionization we had before Reagan’s Great Neoliberal Republican Experiment.

Republicans told us if we went with the trade agreement the GHW Bush administration had negotiated — NAFTA — and then signed off on the WTO, that we’d see an explosion of jobs.

There was an explosion; lots of them, in fact, as over 70,000 American factories were torn down or left vacant because their products were moved to China or elsewhere. Over 15 million good-paying jobs went overseas along with those factories.

Republicans told us global warming was a hoax: they’re still telling us that, in fact. And therefore, they say, we shouldn’t do anything to interfere with the profits of their friends in the American fossil fuel industry and the Middle East.

The hoax, it turns out, was the lie that there was no global warming, a lie that the industry spent hundreds of millions over decades to pull off. They succeeded in delaying action on global warming by at least three decades and maybe as many as five. That lie produced trillions in profits and brought us the climate crisis that is today killing millions and threatens all life on Earth.

And then, of course, there’s the biggest GOP lie of them all: “Money is the same thing as Free Speech.”

Five corrupt on-the-take Republicans on the Supreme Court told us that if we threw out around 1000 anti-corruption and anti-bribery laws at both the state and federal level so politicians and political PACs could take unaccountable billions, even from foreign powers, it would “strengthen and diversify” the range of voices heard in America.

It’s diversified it, for sure. We’re now regularly hearing from racists and open Nazis, many of them elected Republican officials, who would have been driven out of decent society before the Reagan Revolution. American political discourse hasn’t been this filled with conflict and violence since the Civil War, and much of it can be traced straight back to the power and influence of dark money unleashed by five corrupt Republicans on the Supreme Court.

The bottom line is that we — as a nation, voluntarily or involuntarily — have now had the full Republican experience, and every Zoomer paying attention knows it. It’s why they’re no longer listening to the Republican politicians who are continuing to try to sell us this bullshit.

We don’t want to hear Republicans sermonizing about deficits (that they themselves caused).

Or welfare (that they damaged and then exploited).

Or even whatever they’re calling “faith” these days, be it the death penalty, forcing raped women to give birth at the barrel of a gun, or burning books.

We’re over it, Republicans; we want fun and meaning back in our lives, rather than just working ourselves to death so Bezos and Zuck can buy new yachts.

A new America is being birthed from the ashes of the Reagan Revolution with Zoomers bringing the energy and Boomers, Millennials, and GenXers bringing the institutional memory and rage.

You can’t stop it much longer.

Louise’s Daily Song: “From the Ashes of the Reagan Revolution”

Comments on Wednesday’s Daily Take:

Trump’s Next Big Lie: Declaring Victory in Iran While America Loses

Trump is a Fascist in the true sense of an Italian racketeer. The only way he knows to get people to do his bidding is extortion. That always leads to resentment and eventual revenge. Just ask Mussolini.
~ Tomonthebeach

Thanks, Thom, for telling us to call our legislators over the oversight we so desperately need re any Iran deal. I doubt whether it will happen, but it’s really important for folks to get used to making these calls regularly. As your guest Rachel Bitecofer said yesterday, it’s only when constituents put pressure on that they do what they need to do.
~ Nancy Bruski

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My newest book, Who Killed the American Dream?: The Greatest Political Crime Ever Told is now available for presale from bookstores nationwide. It’s a modern-day telling of the “murder mystery” of how, in 1886, a great crime was committed against America by a cynical court reporter and an on-the-take Supreme Court justice that changed the course of American politics and led straight to Citizens United. It also details the massive ongoing cover-up of this crime and what we can do to fight back.