posted on Sep, 24 2008 @ 01:29 AM
You ever notice that when you approach a conservative with the simple economic fact that if you stop revenue influx in one place, you're usually just
getting it from somewhere else, there's rarely a compelling answer as to how this improves the US economic position?
The fact is the economic philosophy of the Reagan years is the same in principle as the ones that have placed us in the mess we are in now.
Smoke and Mirrors...
The Old Razzle Dazzle...
A reduction in taxes to businesses and the wealthy in hopes that they in turn create jobs...
Unfortunately, all we are ever left with is a large debt.
"Hey, I was able to save $12,000 in my savings account. Oh yeah, but I did it by racheting up a $15,000 debt on my credit card." That's Reagan.
That's Bush. That's the Republican Party.
That's the myth of Trickle Down Economics, or Reaganomics, whose major flaw is in the belief that additional money to large companies leads to more
jobs. It does not, my friends. All it's ever led to are larger executive bonuses, golden parachutes, and now, a 1 trillion dollar bailout of our
Under Reagan, his Supply-Side policies led to a large recession and, subsequently, a large debt. There's his legacy.
Under Bush Senior, his predecessor's Supply-Side policies led to a large recession and, subsequently, a.... Hey Wait a Minute! This Sounds Awfully
Under Bush Jr., his Supply-Side policies led to a large recession and, subsequently, a.... OK, I think I see a pattern here...
In the spirit of objectivity and friendly discourse, I would love an explanation of why, with so many failures, the Republican Party continues to push
this completely debunked theory. Is it because the American people have amnesia, and politicians can get away with it? Or do Repubs REALLY believe