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Old 08-08-2008, 12:03 PM   #16 (permalink)
Wessexman
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Bonnie, it is nescient to suggest that Mrs Thatcher was a bad Prime Minister. On the contrary, she was a phenomemal Prime Minister.
I'd say she was terrible.

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The Right to Buy scheme allowed the working classes to buy their first home at a massive discount.
It also was a massive hit to the council housing system.

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The main policy aim of her first administration was to cut inflation, which hits the working classes more than the rich.
Unemployment hits them worse and she dealt with neither, her monetarist idiocy, which she finally had to abandon, was terrible for the poor. They hadn't seen anything like it since the 30s.

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The destruction of the manufacturing industries was a necessary action. She was a firm believer in the power of the individual over the state, and a proponent of personal financial autonomy.
She was a firm believer in the power of the rich over the poor.

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She cut the top rate of tax from 80% to 40%, and the bottom rate from 30% to 23%. She said that people should be allowed to keep the money they have worked for. She will be remembered as a great Prime Minister. She allowed capitalism to breath, and she did a great deal towards the destruction of the evil that is socialism.
Medium wages fell and the economy did pretty poorly all around.
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