Taking a page from fellow GOP propagandist Grover Norquist, James Pethokoukis of AEI and CNBC wants everyone to forget about the calamitous economic record of the Republican administration that left office a mere 180 weeks ago, and focus instead
July 6, 2012

James.jpg

Taking a page from fellow GOP propagandist Grover Norquist, James Pethokoukis of AEI and CNBC wants everyone to forget about the calamitous economic record of the Republican administration that left office a mere 180 weeks ago, and focus instead on one that's nearly 30 years old.

Just how long ago was the "Reagan Recovery"?

In 1984, the USSR was boycotting the Los Angeles Olympics, Sarah Palin was named "Miss Wasilla," Nelson Mandela was in jail, only 15% of American children had access to a computer, the Dow was hovering around 1100, minimum wage paid $3.35/hour and adjusted for inflation, the 128K Apple Macintosh sold for around $5200.

Oh, and most inconvenient for James -- the top marginal tax rate was 50%.

2012 isn't 1984, wingnuts. Move on.

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

Discussion

We are currently migrating to Disqus

On May 14, 2022, we started migrating our comments from Insticator back to Disqus. During this transition period, some posts will have Insticator and some Disqus. For more information on the transition, as well as information regarding old C&L accounts, please see this post.


We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service for information on our posting policy.