and you know what we have seen from thirty years a reaganomics souls like
when you tee shirt you know uh... you know thirty years array alex all i got
was a scrawny t-shirt and made in china 'cause that's basically ah... right and
did that set eight when ronald redwing justice consider some basic numbers
chisum basic numbers
this is stuff that you can easily remember let me
you know we talk about helping you when the water cooler wars
this is simple stuff
when ronald reagan came into office
the united states
was the leading a first-world country in the world now you know that
because we were the largest
exporter of manufactured goods on earth
and we were in a large is importer of raw materials
on earth
in other words
ships brought into the united states
fired or nickel or copper or all kinds of coal stuff
and here in the united states we manufactured that into
computers and cars and and clothing people if we were importing cotton
we were reporting everything all these raw materials and we made things here
and then we exported that we were the largest exporter in the world of
finished goods the largest importer of the world
in the world
raw materials that's the first world countries do they import raw materials
from third world countries and then they export
finished goods manufactured goods to those third world countries that was the
united states in nineteen eighty when ronald reagan won the election
because i would add
the iranians held the hostages
uh... because of a deal that covered bill casey was ronald reagan's campaign
manager but that's all of them but in any case that's where america was a
thirty years reaganomics later
we are now the exact opposite
we are now the world's largest importer of manufactured goods
and exporter of raw materials
we export
one products
not manufactured wood products
trees
we export wastes paper
we export electronica waste we export recyclables we export copper we export
iran or
my brother-in-law's the captain of a dotted thousand foot long
dipankar up on lake superior
with their they're moving cole and higher or across lake superior
for export to china
we are the largest exporter of raw materials the world
and the largest importer of finished goods
we've done a one eighty
prereq impose trade
free rated we were the world's biggest creditor
more countries around the world of more people around the world and most
importantly more countries around the world owed us money
than any other country in the history the world
the history of modern world
today
thirty years a reaganomics later we're the world's largest
we've done a one eighty again
completely upside down
back before reagan
we had the largest and strongest middle-class in the world
are middle-class was was
wealthy
people own had equity in their homes
people onto their cars before reagan the idea of renting a car leasing a car
we hear
philippine police cars before the reagan presidency
were businesses that want to do if the tax deduction
i actually owned one of those businesses in the seventies and released a couple
of cars
because you could get a tax deduction for your business if you did it that way
but uh... you know that was it
you would never
lease a car as an individual
it was crazy
rating came along
thirty years a reaganomics doubt most people don't even on their own cars
most people don't own their own homes even if they have a mortgage to the bank
thank so many people are underwater harwood are middle class has gotten
wiped out
by thirty years of reaganomics
the strong middle classes now are in france
in germany in sweden
in switzerland
increasingly in a in in brazil in russia
in india in china you've got you know china's about becoming the next three
years it's going to be the second largest economy in the world
right now where the largest
we are being replaced by a country that when reagan came into office was a third
world country now they're going to be the world's largest first-world country
dying to know i'm not
wishing me a line china
good on them for figuring out how to make things work
but stupid on us
thirty years a reaganomics had
devastated this country there's no other way to say it
ronald reagan spent us into oblivion following the the the uh... the the
the to santa claus theory of jude wanniski
heehee exploded are dead
he change their trade policies
and perhaps the most importantly in nineteen eighty one he stopped in force
in the sherman antitrust act
which meant
that over the next thirty years you would see the death of small businesses
when ronald reagan came into office
you could get you could drop out of an airplane from a hundred thousand feet i
mean you couldn't actually cuz u
freeze but
you know if you do it in just landed in some random part of the united states
you could walk a block or so in any town bigger small and know where you work as
you would see
you know hey it's the uh...
is the aurora are illinois diner
it's it's bob's aurora clothing store etc everything was locally owned strip
malls shopping centers downtowns every business was a family business they were
all locally on
before reagan
greatest active forces sherman act
try to find a locally owned business now
this is why we don't have entrepreneurship