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How Reagonomics and Supply Side Economics Screwed The Middle Class and the Poor

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mikekohr Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-11 11:08 AM
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How Reagonomics and Supply Side Economics Screwed The Middle Class and the Poor
?

Tax give-aways to the rich, deregulation, union busting, Republican policies promised increased jobs, increased revenues and increased prosperity. The record: $9.2 trillion in debt, the greatest income disparity in history, 4 recessions, and a decade of zero job growth.


The 99% are not mad that the 1% prospered. We are mad that many of them cheated to gain their obscene wealth by corrupting the system with their hoards of cash to influence the political process to favor themselves over everyone else.


This income disparity is the end result of Supply Side economics. And we, the 99%, are all the poorer for it. Allowed to continue, we will be the first generation in American history to leave a lower standard of living to our children and grandchildren.



http://bureaucountydems.blogspot.com/2011/11/since-advent-of-reagonomics-and-supply.html
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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-11 03:46 PM
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1. Excellent chart. n/t
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Sat Nov-05-11 04:26 PM
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2. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
YvonneCa Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-11 05:04 PM
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3. Hope for Change...
...? This article give hope that the Reagan era is ending:

http://consortiumnews.com/2011/11/02/end-of-the-reagan-narrative/
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mikekohr Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-11 06:09 PM
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4. Great article, thanks. nt
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YvonneCa Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-11 06:46 PM
Response to Reply #4
5. You are very...
...welcome. :)
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Major Hogwash Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-11 08:36 PM
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6. Post of the day!!! Reagan acted his way through 2 terms as President, and we paid for it!!
For the last 30 years!!!

Talk about lowering the bar!!
That azzhole was the worst liar in the White House since Harding!!
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Cali_Democrat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-11 09:03 PM
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7. Have no fear
It will trickle down in the near future

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mikekohr Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-06-11 09:24 AM
Response to Reply #7
9. The more accurate name for Reaganomics is "Tinkle Down," as your cartoon depicts
they wizz on us and tell us it's raining.
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Pirate Smile Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-05-11 11:35 PM
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8. That's the key. We are paying the price for 30 years of "Voo Doo Economics".
Edited on Sat Nov-05-11 11:38 PM by Pirate Smile
Pres. Obama gets to deal with the wreckage of both 30 years of Reagan's economic policies & 8 years of Bush's foreign & economic policies.

Well, clearly we all get to deal with that wreckage but I meant "deal with" as in being responsible for fixing - an impossible task in 3 years.
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mikekohr Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 09:13 AM
Response to Reply #8
10. Look At The 70 Year Record, Democrat "Bubble Up Economics" ALWAYS Outperforms Republican Policy
Edited on Mon Nov-07-11 09:14 AM by mikekohr
9 of last 10 recessions occured under Republuican leadership:
http://bureaucountydems.blogspot.com/p/history-of-recessions.html

Record on monthly job creation
http://bureaucountydems.blogspot.com/p/job-growth.html
-clip-
http://1.bp.blogspot.com/_mHSyEv8vBt4/S6Z6xo0qSnI/AAAAAAAAACY/p8SkoEnN5dw/s640/job+creation+by+president.jpg?

THE PARTY WITH THE BEST RECORD OF SERVING REPUBLICAN ECONOMIC VALUES IS THE DEMOCRATS, AND IT ISN'T EVEN CLOSE!"
http://bureaucountydems.blogspot.com/p/economic-record.html

National Debt:
Every President, from Truman to Carter, steadily paid down the staggering debt that was run up in our fight against Nazi Germany and Imperial Japan. That pattern came to a screeching halt with Reagan/Bush and Bush. Clinton’s fiscal policy was a brief respite during this orgy of deficit spending.

Clinton's economic policies balanced 5 budgets, which is 5 more balanced budgets than the last 5 Republican presidents combined.
http://bureaucountydems.blogspot.com/p/national-debt.html
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Pirate Smile Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Nov-07-11 10:11 AM
Response to Reply #10
11. Great data.
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