FInancial Crisis Cause & Effect

When will everyone stop limiting this financial mess to the last 3-8 years? It has taken 27 years to get this deep in the muck. We’re still following the path set by Ronald Reagan. You remember - the actor turned politician who was our oldest President and probably in the early stages of Alzheimer’s. He put his trickle down economic theory into practice. Guess what – once the richest got their hands on the money they kept it! We are now in a financial crisis. He said our public schools (number 1 in the world at that time) were failing and began dismantling them. We are now in an educational crisis. Our schools are ranked 24th and dropout rates continue to spiral out of control. He thought no one should be institutionalized and closed the institutions. Now, many are forced to roam our streets as the homeless, and others fill public housing projects, further destabilizing those areas. Thank god his Star Wars program was seen as too extreme to implement!

He was an actor!! He could say anything with total conviction. And we bought it. Now, we’re paying the price. Granted other Presidents have added to this situation, but Ronald Reagan was the architect.