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Book looks at Reagan's legacy of deregulation

Under Reagan, USA went from being the world's leading creditor to heaviest debtor.

Book looks at Reagan's legacy of deregulation by Bill Hare, Op Ed News

March 11, 2009 — Philadelphia author and journalist Will Bunch in his recently released book Tear Down This Myth traces the political success story of Ronald Reagan from California's governor to the broader national stage as a two term president.

Bunch informs in great detail that under Reagan, America went from being the world's leading creditor to the planet's heaviest debtor. A myth was created extolling Reagan's counterfeit credentials as a tax cutter and tough-minded steward whose leadership propelled America to a new wave of prosperity and national purpose.

The capstone of Bunch's book is the disparity between perception and reality. Reagan was a product of the entertainment industry and had his reformulated views shaped by his days as a cheerleader for General Electric.

Reagan starred in national television dramas on the G E Theater that conveyed in loaded terms that Adam Smith stood for deregulated capitalism, that this was the carefully constructed system embraced by America's Founding Fathers, and that the nation had shifted astray from its true national purpose. . .

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  Reagan, Deregulation and the Slippery Road to Poisoned Assets, by Bill Hare, Op Ed News, March 11 2009

Posted: March 18, 2009

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