Reaganomics is an ongoing failure...

[Jnew28]

http://stupidpartymathvmyth.com/1/post/2015/05/increasing-minimum-wage-good-but-not-the-holy-grail.html

[Skittles]

1. it works fine for the people they meant it to work for

that would not be WE THE PEOPLE

[Jnew28]

2. Exactly. It's a economic paradigm for the elite class. n/t

[JonLP24]

3. Go back to the "horse and sparrow" theory

Laissez faire economics. Every time has been tried led to recessions. The Panic of 1896, the great depression, the Reagan/Bush recession, the great recession, etc.

[Jnew28]

4. Very interesting term. n/t

[JonLP24]

6. I added some info on the term

The economist John Kenneth Galbraith noted that "trickle-down economics" had been tried before in the United States in the 1890s under the name "horse and sparrow theory." He wrote, "Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: 'If you feed the horse enough oats, some will pass through to the road for the sparrows.'" Galbraith claimed that the horse and sparrow theory was partly to blame for the Panic of 1896.[14]
https://en.m.wikipedia.org/wiki/Trickle-down_economics

[socialist_n_TN]

5. And WAY too many Dem politicians buy into it.........

Until the Democrats become a party that TOTALLY rejects the neo-liberalism of Reaganomics, then things won't even BEGIN to change. When all of one party and half of the other in the political class hold to the tenets of a failed (for the people) economic model, there will be no chance for any change.