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| "Unless we change our ways and our direction, our greatness as a nation will soon be a footnote in the history books, a distant memory of an offshore island, lost in the mists of time like Camelot, remembered kindly for its noble past.” Margaret Thatcher |
By Gary;
The United States needs a Margaret Thatcher instead of the ball-less and spineless so-called "Conservatives" the GOP produces.
Thatcher took on a Great Britain wallowing in Socialist anarchy, introduced some hard reforms and turned the nation around.
Thatcher's economic policy was influenced by monetarist thinking and economists such as Milton Friedman. She lowered direct taxes on income, but also increased indirect taxes.
She increased interest rates to slow the growth of the money supply and thereby lower inflation, introduced cash limits on public spending, and reduced expenditure on social services such as education and housing.
By 1982 the UK began to experience signs of economic recovery; inflation was down to 8.6 per cent from a high of 18 per cent, but unemployment was over 3 million for the first time since the 1930s
The policy of privatization has been called "a crucial ingredient of Thatcherism". After the 1983 election the sale of state utilities accelerated; more than £29 billion was raised from the sale of nationalized industries, and another £18 billion from the sale of council houses.
In endless battles with Marxists, both inside and outside of her Conservative Party, she managed to reverse the UK's march to a Worker's Paradise.
Thatcher's reforms, like those of President Reagan, did not last. The Leftist in her own party and in the following Labour government slowly grew back Big Government Socialism and added a new layer of a UK Police Surveillance State.
Whatever the failings of those who came after her, Margaret Thatcher did her part to try and restore freedom. God Bless.
A Video Mashup of Margaret Thatcher's Memorable Remarks
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