We mentioned earlier in the week that the new clownish British PM Andy Burnham blamed the UK’s sinking economy on… Margaret Thatcher. Of course, a sixth grader who learned anything about history knows that Thatcher rebuilt the British economy after years of malaise.

But then we see this in The New York Times:

“Inaugurated in 1981, President Ronald Reagan, aided by conservative Democrats in Congress, devoted two terms to slashing corporate taxes and deregulating industries. This was no standard shift in administration; Mr. Reagan was following a highly coordinated, yearslong blueprint drawn by a network of conservative intellectuals to systematically dismantle the New Deal consensus.”

In reality, Reaganomics reversed the economic collapse of the 1970s, cut inflation by two-thirds, caused a stock market boom, saw real incomes rise for every income group, and created a seven-year uninterrupted expansion in jobs and GDP.

How can these people guide us into a prosperous future when they don’t even understand the lessons of the past?  Do they long for the good old days of Jimmy Carter and 11% inflation!