All GOOD Americans celebrate that the butchering bitch of Brittan is finally DEAD//Joining Reagan in HELL!

Bursting the Thatcher Bubble

The canonization of Margaret Thatcher began with nanoseconds of news
reports that the former British prime minister and conservative icon
had died at the age of 87. On MSNBC, my pal Chuck Todd remarked, "We
lionize her over here." There was insta-commentary about how she saved
Britain from economic despair and the rest of the world from the
Soviets (with some help from a guy named Ronald Reagan). Excess ruled.
Two small examples: Elizabeth Colbert Busch, the Democrat running for
Congress in South Carolina (and sister of Stephen Colbert) issued this
statement: "When I talk to younger women about their careers, I point
to Margaret Thatcher as a role model; she's a tough consensus builder
who cared about everybody and put her country's fiscal house in
order." Rep. Steve Stockman (R-Texas) proclaimed,

Baroness Thatcher's record of creating explosive economic growth and a
stronger nation by embracing conservative values makes the utter
failure of Obama's stale liberalism starker and more disturbing�She is
still hated by leftists who would rather live in equalized misery than
allow people to achieve as much as they can work for, leftists who now
hold the levers of government in the United States�While many mourn,
Baroness Thatcher reminded us "I fight on I fight to win." The best
way to honor Baroness Thatcher is to crush liberalism and sweep it
into the dustbin of history. What are you doing this morning to defeat
liberal politicians?

Thatcher was no consensus builder; she was divisive. She set out to
crush unions, privatize, undercut the social safety net (where she
could), and push free-market policies that led to the deregulatory
nightmares of the future. (Just watch Billy Elliot�or listen to the
Clash.) She joined with Reagan in support of torturers and human
rights abusers around the globe, as long as these folks were opposed
to the Soviets. She called Nelson Mandela a "terrorist" and would not
join the worldwide crusade against the racist apartheid regime of
South Africa. (In 2006, Conservative Party leader David Cameron felt
obliged to disown Thatcher's and his party's previous opposition to
Mandela and his African National Congress.) She supported Chilean
dictator Augusto Pinochet. Her war in the Falklands struck many as an
orchestrated stunt, not an act of necessity�though some have seen that
military action as a noble blow against Argentina's fascist junta
(which the Reagan administration was supporting).

Her economic policies were harsh. She pushed the so-called poll tax�a
tax to fund local government�that resulted in shifting the tax burden
from the well-to-do toward lower-income Brits. This tax provoked riots�
literally�and was so unpopular that her successor, John Major,
replaced it. And as Bruce Bartlett, an economist who served in the
Reagan administration noted two years ago, Thatcher shifted the
overall tax burden from top to bottom. She cut the top personal income
tax rate from 83 percent to 60 percent, but raised the lowest rate
from 25 percent to 30 percent. To pay for her tax cuts, she nearly
doubled the value-added tax from 8 percent to 15 percent. (Some
American conservative economists howled about this.) As Bartlett put
it, "Thatcher's fiscal accomplishments were much more modest than many
of today's Republicans think." (Here's a quick assessment of her
overall economic policies.)

A long obit in the Guardian by Michael White cites her "willpower and
courage" and maintains that Thatcherism "changed the way Britons
viewed politics and economics, as well as the way the country was
regarded around the world." But the article notes certain facts
necessary for any balanced appraisal:

As education secretary�prior to becoming prime minister�she cut school
milk for elementary school children and won her first nickname,
"Thatcher the milk snatcher."

She pushed "a high-risk, deregulated market-orientated system in which
the poverty gap widened rapidly and 'loadsamoney' rewards at the top
rocketed in ways frowned upon in Europe and Japan. With 'big bang'
deregulation�in 1986 paralleling developments in Ronald Reagan's
United States, the path was open to the financial crisis that engulfed
Anglo-Saxon capitalism in 2007."

She defeated the unions�especially the miners, in a series of
challenges. But most deep-mine pits in England ended up closing.

She brooked little criticism. She sacked party members who questioned
her divisive practices: "'Is he one of us?' became a stock Thatcher
question, asked of impartial civil servants and even would-be
bishops."

Her political career essentially ended when her own Cabinet told her
that due to the unpopularity of her policies she should step down and
allow another Conservative Party member to lead their party.

Thatcher was a historic figure. But that does not mean she was a great
leader.  She was not the total conservative that American right-
wingers have worshipped for years. She regarded climate change as a
serious threat. Her government moved early against HIV/AIDS and
outlawed corporal punishment. But in the aftermath of the demise of
the Iron Lady, the first woman to become a British prime minister is
generally being lauded from the US right and the middle as a hero for
her country and the globe. This Thatcher bubble will not last forever.