Reagan Economics
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Uploaded by American4Facts on Jan 30, 2008
Some called it Reagan Economics, Trickle Down Economics, Supply Side Economics, even VooDoo Economics. But did it work?
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reagan just fruthered the divide between poor and rich.
classic conservative, always caring about money
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Reagan and Friedman's laissez-faire bullshit just doesn't work. Even in Chile, when Pinochet did everything Friedman's proteges told him to, economic growth lagged for several years until the 1980s. If Friedman was totally right, economic growth would've started very soon, not wait until a decade later.
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How about a new name? Bullshit economics!
America is now 14th in wealth (as per IMF) lowest it has EVER been so far as my knowledge goes. Certainly lower than in 1980.
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I don't mind tax cuts across the board. But use common sense when you cut taxes. Pay for the tax cuts. Especially when we are at war.
We have a PAYGO law in this country. It is a system and the law. Just like passing a prescription drug benefit. You have to pay for it. Reform the government. Get rid of lobbyists.
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Depends on what you consider "working"....
For the rich, of course it is. For the people the money never makes it to, I think they'd disagree.
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Supply-side has and always will be voodoo economics. Tax cuts only pay for themselves when you cut taxes from a very high to a much lower percentage, like 90 to 70%. If taxes are already pretty low, what's the point in cutting another 5-10%?? The rich aren't gonna get much back in taxes, and it's absurd to think that only the rich spur economic growth. What about supply and demand? What about consumer spending?
How do corporations do well? Consumers PAY for their products!!
Whoo69 3 years ago 26