Faith Middleton Show: The Reagan Myth
Will Bunch talks about the mixed legacy of Ronald Reagan
In this provocative book, award-winning political journalist Will Bunch unravels the story of how a right-wing cabal hijacked the mixed legacy of Ronald Reagan, a personally popular but hugely divisive 1980s president, and turned him into a bronze icon to revive their fading ideology. They succeeded to the point where all the GOP candidates for president in 2008 scurried to claim his mantle, no matter how preposterous the fit.
With clear eyes and an ever-present wit, Bunch reveals the truth about the Ronald Reagan legacy, including the following:
Despite the idolatry of the last fifteen years, Reagan's average popularity as president was only, well, average, lower than that of a half-dozen modern presidents. More important, while he was in office, a majority of Americans opposed most of his policies and by 1988 felt strongly that the nation was on the wrong track. Reagan's 1981 tax cut, weighted heavily toward the rich, did not cause the economic recovery of the 1980s. It was fueled instead by dropping oil prices, the normal business cycle, and the tight fiscal policies of the chairman of the Federal Reserve appointed by Jimmy Carter. Reagan's tax cut did, however, help usher in the deregulated modern era of CEO and Wall Street greed.
With masterful insight, Bunch exposes this dangerous effort to reshape America's future by rewriting its past. As the Obama administration charts its course, he argues, it should do so unencumbered by the dead weight of misplaced and unearned reverence.
(courtesy of Simon and Schuster)
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