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Reaganomics FAILED us ALL

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Uploaded on Apr 11, 2011

Reaganomics moved massive amounts of cash to those at the top and removed it from the bottom. David Stockman was Reagan's Budget Director. Stockman now says the basis of the thought of Reaganomics...Supply Side Economics and tax cuts for the rich....FAILED MASSIVELY!!! We have a perfect storm of economic issued facing us that we would not have faced if Reagan did not enact his tax cuts (they are deferred tax payments which we NOW pay more for) and Bush's tax cuts to the rich. Remember that Clinton lowered the debt and balanced the budget with NO GOP VOTES IN THE SENATE NOR THE HOUSE....NOT ONE GOP VOTE

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