Trickle down economics was "piss on the middle class and give tax breaks to the wealthy" with which they may have created some jobs here with although they weren't required to and spent a lot of it creating jobs in low wage,little regulation countries such as our southern neighbors.Reagan claimed to be a deficit hawk but was nothing of the sort and ballooned the deficit,that only was turned around in the Clinton years,Bush JR sent it spiraling back up and even worse had nothing good to show after all that deficit spending like more jobs and wage growth.And BTW it was the Clinton years which have the distinction of being the longest best sustained economic period while even managing to reduce the deficit.Thats a much better economic record then Reagans.
I don't despise reagan as much as many pubs,he was a fairly funny charming guy at times but his record is really not something to be all that proud of.His military spending was a waste of money and his economic policys were voodoo economics as the elder Bush called them.
Bedtime for Bonzo!!!!!:1orglaugh
This bullshit needs further response.
First, deficit spending occurred because we badly needed to revamp the military. One of the things that the Constitution calls for is provide for the defense of this country. It does not call for, food stamps, Social Security or housing that one cannot pay for.
One of the biggest issues that Republicans had with GWB was his spending.. I will not defend him on that.
The recession that Bill Clinton "inherited" was due to the dems in congress raising taxes and GHWB going along with, when he broke his "read my lips " pledge. Raising taxes will kill a good economy every time it is tried.
As much as you want to deny the cold hard facts, people of wealth do reinvest their money when they are not taxed out of their asses for a myriad of reasons. Some of them are selfish reasons but the end result is that they create jobs when they do so.
Reagan cut taxes AND increased the amount of money that the government took in. That did not happen by accident. More people working means more taxable income. And the wealthier that those create jobs become equals more money going to the government. And when more people are working, the GDP increases.
Again, you can try all you want to deny the success that Reagan produced but the numbers don't back up your assertions.
And history has been very kind to Reagan and his policies.
They will be magnified after this current administration and it's Democratic cohorts get finished with destroying what is left of this economy.
