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side economic theory in the way both of these were sold to the American people as the panaceas that will solve all the problems,one in the realm of politics and the other one in the realm of economics.
In the last twenty years, the supply side economic theory, which even the elder Bush called Voodoo economics, has been shown to be nothing but a claptrap concoction peddled by the smiling Ronald Reagan to a country hungry for good news.With the introduction of the Reagan tax cuts, the deficits ballooned out of sight and many of the ills that hound us today are directly traceable to that period.Yet, the Republicans, relying on our amnesia, keep repeating the idea that tax cuts somehow miraculously revived our economy.The Goebbelsian propaganda that keeps this lie alive has now been transferred to the PNAC concept of bringing Freedom and Democracy to the benighted people of Iraq in a sort of a reverse Domino Theory which was the raison d'etre of the Vietnam War.
This lie of the PNAC crowd has also found defenders who will keep repeating it ad nauseam until it will become the accepted wisdom of our punditocracy whose connection to reality is tenuous at best.
For those of us who keep seeing our country being exploited by the collective ignorance of an endless supply of opportunists who have ruined our economy and now ruined the lives of many fine young men and women,there appears to be no end to the tragedies this nation has to sustain at its own hands.We need to change course soon and develop a healthy skepticism of the panaceas prescribed by these charlatans as if we are looking at another diet fad to hit the infomercial circuit.
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