Rougueing Reagan

The Shadow Knows


As a curious world awaits Sarah Palin’s looming Oprah encounter, tiny shards  of her upcoming polemic are emerging.

For all her roguishness, the Governor follows a predicable political path, lying about Ronald Reagan.

The Associated Press prepared a catalog of her detachments from reality, and her Reagan claims are true to the spirit of the man, in that she confidently proffers demonstrably falsehoods with a smile.

Palin: Says Ronald Reagan faced an even worse recession than the one that appears to be ending now, and ”showed us how to get out of one. If you want real job growth, cut capital gains taxes and slay the death tax once and for all.”

THE FACTS: The estate tax,which some call the death tax, was not repealed under Reagan and capital gains taxes are lower now than when Reagan was president.

Economists overwhelmingly say the current recession is far worse. The recession Reagan faced lasted for 16 months; this one is in its 23rd month. The recession of the early 1980s did not have a financial meltdown. Unemployment peaked at 10.8 percent, worse than the October 2009 high of 10.2 percent, but the jobless rate is still expected to climb.


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