The 1981 Epoch: Ronald Reagan’s Genocide of the Middleclass
Staring at the extinction of their middleclass way of life, you’d think Americans would be ‘mad as hell and not going to take this anymore’.
It is mind boggling that so many Americans have a god-like fascination with Ronald Reagan. This is the man who set in motion the financial gang-raping of the middleclass. Unbelievably, a significant portion of Middle America still loves the man. Why? Is it some sort of Battered Wife Syndrome, the ongoing reality-clouding propaganda by Citizens United or is the conservative middleclass too embarrassed to admit that they were duped by Reaganomics?
But, here we are, repeating stupidity. Instead of trying to reverse Reaganomics, we are now trying to enhance it; more tax cuts for the rich and for corporations, more union busting, deregulation and privatization of government programs.
To increase our understanding, let’s review history: today, many Americans believe that middleclass society magically appeared with the birth of our nation and grew over time. This is not true. With the market crash of 1929 and the subsequent Great Depression, the country fell into economic chaos and floundered under Republican President Herbert Hoover. Prior to that, there were a few rich people, a lot of poorfolk and a handful of in-betweeners. Franklin D. Roosevelt became president in March of 1933, quickly launched new legislation and executive orders that would become known as the New Deal.
The New Deal increased taxes on the wealthiest Americans, increased corporate taxes, regulated banks and Wall Street, created government programs (social security, unemployment insurance and minimum wage), and created pro-union alliances. FDR’s policies pulled our Nation out of the depression and gave rise to Middle America. In less than a decade, the Leave It To Beaver and Ozzy And Harriet society would grow to become the largest demographic in the country and the envy of the world—The Great American Middleclass.
From the late 30s through the late 70s America prospered and the Middleclass would live comfortably. In steps the B-movie cowboy with his traveling show of Reaganomics and the 1981 epoch begins. Middle America starts to save less to maintain living standards, eventually leading to the necessity of financing their way of life. Wealth transfers from the Middleclass to banks, corporations and the rich get richer. Wealth disparity now sit at the largest level since the robber-baron days of the late 1800s through the 1920s.
We need a call to action. We need leaders with intellect and integrity but most importantly we need leaders with the political will of FDR. We need a champion of the Middleclass.
Americans need to act, educating ourselves on what policies actually work based on historic proof. We must not listen to money-influenced mainstream media. We must not let ourselves polarize against each other with agenda promoted by today’s corporate-financed politicians—it’s their tactic to divide and conquer.
Social media can be the great equalizer; we’ve seen its power in the Middle East. We can use it to educate, organize, create an agenda and protest. Once we have an alliance with critical mass, change will come. Here’s an example: use social media to organize home owners to not pay their mortgages for a few months. Even if a portion of home owners participated, the financial institutions would be chewing on the politicians’ asses to find a resolution before the markets tank.
Change is easier than we realize.
Genocide of the Middleclass, begun by Ronald Reagan, must stop.
Roger Ingalls is well travelled and has seen the good and bad of many foreign governments. He hopes his blogging will encourage readers to think more deeply about the American political system and its impact on US citizens and the international community.