Posted at Hartmann Report on May. 17, 2026
George W Bush Pushes Neoliberalism even farther: The Hidden History of Neoliberalism: How Reaganism Gutted America and How to Restore Its Greatness
By the time George W. Bush became president in January 2001 neoliberalism had defeated even the Perot faction of American thought: politicians who opposed it, like Bernie Sanders and Sherrod Brown on the left and Mike Lee and Ron Paul on the right, were dismissed as cranks and outliers trying to stand in the way of progress.
Bush continued the process, with his largest success being the privatization, with the Medicare Modernization Act of 2003, of a large chunk of the nation’s premiere government-funded healthcare program, Medicare.
The new “Medicare Advantage” programs, entirely run by private entities, cost the federal government on average 11% more than Medicare and were given the freedom to deny services to their customers the way health insurance companies have been scamming their customers for generations.
