Posted on 01/12/2012 1:47:24 PM PST by Josh Painter
In late 1979, during an economic strategy meeting, Ronald Reagan was talking about his upcoming presidential campaign. At one point, somebody expressed concern that John Connally, the former governor of Texas and another presidential candidate, was gaining support among corporate chief executive officers, with all the financial support and credibility that that entailed. Reagan said this didn’t bother him at all. “Let him have the Fortune 500,” he said. “I want our campaign to stand for Main Street, not Wall Street. I want us to stand for the worker, the shopkeeper, the entrepreneur, and the small businessman.” Reagan’s instincts were right on the mark. Small Is Beautiful
Last week, House Republicans announced a “pro-growth” agenda that concentrates on corporations. The plan lowers the top corporate tax rate while eliminating loopholes as a means of helping reduce today’s horrendous joblessness. Sounds logical; big corporations such as General Electric pay no taxes while other less politically connected firms pay the full freight. The playing field, therefore, needs to be leveled. Plus, the U.S. corporate tax rate is uncompetitively high by international standards.
Yet the GOP should be wary of becoming the political face of corporate America. The same goes for those Republicans who lately have been defending Wall Street’s incompetent, too-big-to-fail bankers.
(Excerpt) Read more at weeklystandard.com ...
“Let him have the Fortune 500,” he said. “I want our campaign to stand for Main Street, not Wall Street. I want us to stand for the worker, the shopkeeper, the entrepreneur, and the small businessman.”
Ronald Reagan.
Amen...Not crony captialist like Bain Captial.
Somebody explain this to Rush Limbaugh.
“I want our campaign to stand for Main Street, not Wall Street. I want us to stand for the worker, the shopkeeper, the entrepreneur, and the small businessman.”
- Ronald Reagan
That is a great Reagan quote Josh. Right now I’m reading Craig Shirley’s book on the 1980 election. It’s amazing how we are losing the fight now that he was fighting back then.
Which book are you reading? Looks like he wrote two about Ronald Reagan’s campaign. I would love to read one of them if you have a recommendation on which is best.
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