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we are at a turning point in our history along came debbie downer too many of us
now tend to worship self-indulgence and consumption human identity it's no
longer defined by what one does but by what one owns this is not a message of
happiness or reassurance but it is the truth and it is a warning Wow what a
bummer it was time to bring a new sheriff to town one who knew how to act
like a president he knew how to handle workers who wanted a better wage alright
mister I guess you win or these annoying feminists whining about their Equal
Rights Amendment well I can change that in a hurry
a man who knew how to get the job done Ronald Reagan came out of the b-movies
to become the most famous corporate spokesman of the 1950s is the transistor
radio to wait only a few ounces you slip it right into your pocket for actual
waterless hand cleaner really cleaned up for it he had found his calling and wall
street had found their man you see the banks and corporations had a simple plan
to remake America to serve them but to pull it off would require electing a
spokesmodel for president and on November 4th 1980 that's what we did but
I will faithfully execute the office of President of the United States
it was an historic moment because now corporate America and Wall Street were
an almost complete control see that guy standing next to the president you know
the one that looks like a butler his name was Don Regen the chairman of
Merrill Lynch the richest and biggest retail brokerage firm in the world he
took the key position of Treasury secretary so he could enact the tax cuts
that the rich wanted Regen then became White House chief of staff as the
president started to fade then they should give the president what 43
governors have a line-item veto...
WRAP UP, SPEED IT UP ! I will... who tells the president to speed it up the ban from Merrill Lynch that's who
things that America would never be the same again the country would now be run
like a corporation we're going to turn the bull loose in four years later when
Reagan ran for reelection it was all smiley faces and happy dog I really feel
that we're gonna be better off in the long run we're on the upward swing and
the factories are working much stronger than before
actually what Reagan presided over was the wholesale dismantling of our
industrial infrastructure this was not done to save money or remain competitive
as companies back then were already posting record earnings in the billions
no it was done for short-term profits
and to destroy the unions millions of people were thrown out of work and the
remaining workers were told to work twice as hard but wages for working
people remained frozen
the richest Americans had their top income tax rate cut in half
instead of being paid a decent wage we were encouraged to live on borrowed
money until our household death was nearly 100 percent of the GDP there was
an explosion of personal bankruptcies we found it necessary to lock up millions
of our citizens sales of antidepressants skyrocketed as insurance and
pharmaceutical company greed pushed the cost of health care up and up
all of this was great news for the stock market and for America's CEOs