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Yesterday Marked the Beginning of the Death of Reaganomics in America
President Obama delivered his big deficit-reduction speech yesterday. The President’s plan pledged to cut $4 trillion out of the deficit over the next 12 years by reducing domestic and defense spending – getting more bang for the buck in Medicare – ending the Bush tax cuts – and closing corporate tax loopholes. He also used the stage to draw a clear contrast between his plan and the Republican plan written by Paul Ryan that will likely be passed out of the House today or tomorrow.
Many on the Left worried that the President would embrace the recommendation of last year’s Bowles-Simpson deficit-reduction panel – including big cuts to entitlement programs. On this subject – the President was vague – simply saying, “If we don’t make any changes at all – we won’t be able to keep our commitments to a retiring generation.”
In other words – let’s wait and see what Congress comes up with. But what the President did that was so important yesterday – was for the first time offered a public rebuke of Reaganomics from the White House – throwing cold water on the idea that the government is the problem and rejecting the notion that the American way of life has to be fundamentally changed because of a budget crisis created BY the Republicans.
No President in 30 years has laid out a more thoughtful and sharp criticism of the direction that Reagan took our nation – and I hope that yesterday marked the beginning of the death of Reaganomics in America.
-Thom
(How soon do you think it will be before the tide turns? Tell us here.)
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Tonight on The Big Picture on RT TV at 9pm and 11pm... 9 Things The Rich Don't Want You To Know About Taxes (check your local listings for stations or stream at RT, and catch past shows on Youtube)
Need to Know: 9 Things The Rich Don't Want You To Know About Taxes, and Goldman CEO Could Face Criminal Prosecution.
Screwed: Are the republicans going to win or is there some thread of hope? With Robert Creamer, long-time political organizer and strategist, and author of the book, "Stand Up Straight: How Progressives Can Win".
12 Tax-Dodging Corporations Spent $1 Billion To Influence Washington Over The Last Decade With: - Adam Smith, Communications Director - Public Campaign - Daniel Halper, Weekly Standard.
The Best of the Rest of the News...
Homelessness on the rise With Doug Knight, Executive Director - Street Sense.
Daily Take: Sweden expanded growth, German economy going gangbusters, & Bankers screwed the world.
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Read Thom's Book for Free!
Now you can read all of Thom Hartmann's " Unequal Protection: How Corporations Became 'People' and How You Can Fight Back" for free online. Truthout is publishing weekly installments over the coming weeks. Read the Chapter Four: The Boston Tea Party Revealed today.
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The Daily Stack
Quote: "Leadership is a privilege to better the lives of others. It is not an opportunity to satisfy personal greed." -- Mwai Kibaki, Economist / President of Kenya.
Hour One: Obama finally puts Reagan in his grave.
Quote: "I've always felt the nine most terrifying words in the English language are, 'I'm from the government and I'm here to help'." Ronald W. Reagan.
Hour Two: Are average Americans who got suckered by the billionaire tea party machine waking up? Thom talks to Australian filmmaker Taki Oldham about his undercover investigation and resulting brilliant documentary...
Hour Three: Should Goldman Sachs execs being sharing jail cells with Bernie Madoff? Max Fraad Wolff, Financial Economist & Professor of Economics Graduate Program in International Affairs.
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Coming up Friday on The Thom Hartmann Program
Hour One: If it's Friday, it's "Brunch With Bernie"... the honorable Senator Bernie Sanders (I-VT) will be here with all the news from our nation's capitol and as always he'll be spending the hour taking your calls and answering your questions too...
Plus it's Anything Goes on Townhall Fridays with the best of the rest of the news and your calls right here on...
The Thom Hartmann Program... your media support group for we the people.
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Thom's Poll
Was Pres. Obama's speech the beginning of the death of Reaganomics in America?
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Watch & Listen to Thom
Thom Hartmann: President Obama finally puts Reagan in the grave - Thank you!
Elizabeth Kucinich tells Thom Hartmann stupid policies and big corporations are killing us
Thom Hartmann: America is being left behind in the global economy
Full Show - 4/6/11. If the Government shuts down, who will suffer?
Watch the whole show of last night's "The Big Picture".
Full Show - 4/13/11. President Obama's Deficit Recovery Plan
Thom explains how President Obama's debt plan differs from the Tea Party favored "Reaganomics". Later in the daily take, he examines how America is falling behind in the global economic race.
Thom Hartmann: Astroturf Wars
Thom Hartmann: Blistering Report Scolds Goldman
Thom Hartmann on the News - April 14, 2011
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Thom and Louise Hartmann founded the New England Salem Children's Village (NESCV) in New Hampshire in 1979. With states delaying payment for the children they entrust to the village, they need help with cash flow. Can you help?
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