When Obama took Office on January 20th, 2009 the stench of failure hung over the conservative’s economic philosophy like a mushroom cloud. For the second time in a decade, deregulation had produced a huge speculative bubble, fed largely by unregulated hedge funds operating in secret and “irrational exuberance” fed in part by fraudulent lending practices in the largely unregulated mortgage lending market.
It was yet another failure in a long history of failures for the conservative’s beloved laissez faire policies – in fact, they’ve brought on the three biggest economic collapses this country has ever experienced.
So in January of 2009, the time was right to take on the myths that conservatives had been using to fleece us and enrich their already rich constituency.
The time was right to set the record straight. To tell Americans what the Orwellian terms conservatives had been using for four decades really meant.
“Trickle down,” was really all about trickling up.
“Job creators” were really “job exporters.”
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