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Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

(2013/04/20) The legacy of Reaganomics (Economics)

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

Jay Tomlinson

Politics, News Commentary, News

4.53.4K Ratings

🗓️ 20 April 2013

⏱️ 75 minutes

🧾️ Download transcript

Summary

Edition #709

The legacy of Reaganomics

Ch. 1: Intro - Theme: A Fond Farewell, Elliott Smith

Ch. 2: Act 1: Shocking Income Inequality in the US - David Pakman Show - Air Date: 03-26-13

Ch. 3: Song 1: Allentown - Billy Joel

Ch. 4: Act 2: Time to Roll Back Reaganomics! - Thom Hartmann - Air Date: 03-26-13

Ch. 5: Song 2: The end of innocence - Don Henley & Bruce Hornsby

Ch. 6: Act 3: Trickle-Down Theory's Pathetic Imbalance - The Young Turks - Air Date: 03-30-13

Ch. 7: Song 3: Soldier of plenty - Jackson Browne

Ch. 8: Act 4: Feeling Rich Again - CounterSpin - Air Date 4-5-13

Ch. 9: Song 4: Money's too tight to mention - Simply Red

Ch. 10: Act 5: Bill Clinton's Ugly Welfare Legacy - Majority Report - Air Date: 04-11-13

Ch. 11: Song 5: Down and out in paradise - John Mellencamp

Ch. 12: Act 6: Rush Limbaugh Claims Unemployed Americans Are Doing Just Fine With Food And Cell Phones - Media Matters Minute - Air Date: 04-08-13

Ch. 13: Song 6: Finest worksong - R.E.M.

Ch. 14: Act 7: 30 Years of reaganomics: What do we Have to Show? - Thom Hartmann - Air Date: 03-26-13

Ch. 15: Song 7: Born in the U.S.A. - Bruce Springsteen

Ch. 16: Act 8: The Great Inequality Divide - Moyers And Company - Air Date 4-12-13

Voicemails:

Ch. 17: How different would the world be without Thatcher and Reagan? - Doug in Chicagoland

Ch. 18: Christians and the gays - Ty from Yuma, AZ

Ch. 19: Conservatives are fearful - Jay from New York

Ch. 20: There should be less anger directed at newcomers to the acceptance bandwagon - Mike From Lexington, KY

Leave a message at 202-999-3991

Voicemail Music:

Loud Pipes - Ratatat

Ch. 21: Final comments on how we react to conservatives accepting gay marriage

Produced by:

Jay! Tomlinson

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Transcript

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0:00.0

This program is made possible by the members and donors to the show for details visit the membership tab at bestofleft.com.

0:09.0

Now welcome to the award-winning best of the left podcast will clips today from the David Pakman show.

0:13.0

The Tom Hardman program, the Young Turks, counterspin the Majority Report, the Meeting Matters Minute, and Moyers & Company.

0:19.0

And a note that you can stop worrying because this episode does not contain any instances of the use of the nickname, the Gipper.

0:26.0

Well, while it's a verb, that one right there.

0:29.0

There's an article in alternate, which I encourage you to read right now.

0:33.0

It's called Five Ugly Extremes of Inequality in America.

0:37.0

The contrasts will drop your chin to the floor.

0:40.0

So we talked a couple of weeks ago about a study.

0:44.0

Maybe it was a couple of months now, Lewis.

0:46.0

A study that asked people a couple of questions.

0:48.0

Question number one was, how do you think income is distributed amongst the... among quintiles, right?

0:55.0

The top 20%, the second 20%, the middle 20%, fourth and bottom 20%.

1:00.0

In the US, how do you think income is distributed?

1:02.0

Please kind of draw lines how you would do it.

1:05.0

Question number two, how do you think income should be distributed, right?

1:09.0

In other words, what would be fair to you?

1:11.0

And then it was another set of lines.

1:13.0

And then they compared that to the reality of how income is distributed in the United States.

1:18.0

And it turned out that number one, people had an idea very incorrect, drastically wrong.

1:24.0

They... overall people think that income is much more equally distributed in this country.

1:30.0

And when you ask them how it should be distributed, it's even further from the reality of how income is distributed.

...

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