The Left Hate Margaret Thatcher and Ronald Reagan because they Restored their Countries to Greatness

Posted by PITHOCRATES - September 16th, 2012

Week in Review

The British Left hates Margaret Thatcher.  So much that they are already selling t-shirts celebrating her death.  Though she is still alive.  For she is the Ronald Reagan of Great Britain.  A singularly remarkable person who came along just in time to save a nation in decline.  And restore it to greatness (see The Left hates Margaret Thatcher because she reminds them they are wrong about everything by Daniel Hannan posted 9/12/2012 on the Daily Mail).

Now and again, we are reminded of the sheer nastiness of a certain kind of Leftie. Not, let me stress, all Lefties: I have Labour friends who are motivated by a more or less uncomplicated desire to help the disadvantaged.

But they march alongside some committed haters who define their politics not by what they like, but by what they loathe. They also define opponents not as human beings with whom they disagree, but as legitimate targets.

A lack of empathy, bordering almost on sociopathy sits behind their talk of caring and sharing.

Not much different from the American Left.  Who hate their political opponents.  And attack them personally.  With no understanding of the underlying policy in question.  For they never say they prefer tax, borrow and print (money) Keynesian economics over a more Austrian approach of sound money and low taxation.  The kind of policies that have made great economies great.  Instead they say their opponents hate women, hate poor people, hate children, hate seniors, etc.  And yet they are the tolerant people.  Who tolerate everyone that agrees with them.  And hates all those who disagree with them.  Making these tolerant some of the most intolerant of people.  Which is why they hate Ronald Reagan in America.  And they hate Margaret Thatcher in Britain.  Even though they both returned their countries to prosperity after a decade of decline and despair.

I am just old enough to remember the end of the Seventies: power cuts, three-day weeks, constant strikes, price and income controls, inflation.

Worst of all, I remember the sense of despair, the conviction that Britain was finished.

I don’t believe you can grasp Margaret Thatcher’s achievement without the context of what she displaced.

Throughout the Sixties and Seventies, this country had been outperformed by every European economy. ‘Britain is a tragedy — it has sunk to borrowing, begging, stealing until North Sea oil comes in,’ said Henry Kissinger.

The Wall Street Journal in 1975 was blunter: ‘Goodbye, Great Britain: it was nice knowing you.’

Margaret Thatcher’s victory in 1979 was like a thaw after the cruellest of winters. Inflation fell, strikes stopped, the latent enterprise of a free people was awakened.

Having lagged behind for a generation, we outgrew every European country in the Eighties except Spain (which was bouncing back from an even lower place). As revenues flowed in, taxes were cut and debt was repaid, while public spending — contrary to almost universal belief — rose.

In America we were mired in stagflation and a record high misery index of the Carter Seventies.  Much of which he inherited from LBJ’s Great Society and Richard Milhous Nixon’s abandoning of the quasi gold standard.  The Nixon Shock.  Because he refused to cut Great Society spending.  As did Gerald Ford.  As did Jimmy Carter.  No one wanted to cut back spending and continued to print money to pay for the Great Society spending causing the record high inflation during the Seventies.  Which added to the high unemployment that gave Jimmy Carter that horrible misery index.  And malaise.  Like Daniel Hannan I’m just old enough to remember how bad it was in the Seventies.  And how great Ronald Reagan’s Morning in America was.  We were better off after 4 years of Ronald Reagan than we were after 4 years of Jimmy Carter.  And the numbers proved it.  Lower tax rates increased tax revenue.  Allowing even greater government spending.  Which was the source of the Reagan deficits.  Not the tax cuts.

In the Falklands, Margaret Thatcher showed the world that a great country doesn’t retreat forever.

And by ending the wretched policy of one-sided detente that had allowed the Soviets to march into Europe, Korea and Afghanistan, she set in train the events that would free hundreds of millions of people from what, in crude mathematical terms, must be reckoned the most murderous ideology humanity has known.

Margaret Thatcher and Ronald Reagan stood together against communism.  While Jimmy Carter eroded America’s military power so much that the Soviets actually put together a nuclear first-strike doctrine.  For unlike the policy of Mutual Assured Destruction (MAD) of previous administrations the Soviets believed they could launch and win a nuclear war against Jimmy Carter.  Reagan and Thatcher rebuilt and deployed nuclear and regular military forces to reduce the threat of a Soviet first-strike.  And made the enemies of Great Britain and the United States fear and respect our military might.  It was peace through strength.  For all free and democratic countries.  Not the detente of Jimmy Carter that encouraged the Soviets to add a nuclear first-strike doctrine.  The beginning of the end of the Cold War began under Thatcher’s and Reagan’s watch.

Why, then, do Lefties loathe her so much..?

No, what Lefties (with honourable exceptions) find hard to forgive is the lady’s very success: the fact that she rescued a country that they had dishonoured and impoverished; that she inherited a Britain that was sclerotic, indebted and declining and left it proud, wealthy and free; that she never lost an election to them.

Their rage, in truth, can never be assuaged, for she reminds them of their own failure.

The same reasons the American Left hates Ronald Reagan.  Because he, too, returned his country to greatness.

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