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Reaganomics in one sentence:

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Smith_3 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:10 PM
Original message
Reaganomics in one sentence:
The poor should eat the crumbs that fall off of the table of the rich.
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alsame Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:16 PM
Response to Original message
1. Yes, the term 'trickle down' made it very clear what their
priorities were. I'm surprised more people weren't ever offended by the term. I sure was.
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JFN1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:34 PM
Response to Reply #1
4. Usually thinks that trickle down
are not good...
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HopeHoops Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:36 PM
Response to Reply #1
5. Trickle down worked fine - I sure got pissed on by Reaganomics!
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kenny blankenship Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 06:14 PM
Response to Reply #1
12. That's why they denied that their policy was in fact just the old "trickle-down" idea
People would be offended by the "trickle down" label and would resist changes made to the tax code if "trickle down" was used as a justification, so they called it Supply-Side Theory instead. They said it was something completely new and the hot academic theory that was ahead of its time rather than a relic from the 1920s. But Reagan's budget director, David Stockman, admitted that supply side tax cuts were nothing more than the old trickle down theory in interviews with William Greider, and that the promotion of middle class tax cuts were not based in any theory but were simply a "Trojan Horse" used to obtain the whopping reduction of the top marginal tax bracket for the rich. The Education Of David Stockman.
http://www.theatlantic.com/doc/198112/david-stockman/5

People would have been offended but people didn't read and when the govt said it was handing out "free money" they didn't ask questions. Now we're history's largest debtor nation and must go even deeper into the hole to stave off total collapse.
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alsame Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 06:24 PM
Response to Reply #12
13. Yep. People didn't read and didn't ask questions. Sadly, not
much has changed because I know people in the lower income brackets who are still praising GOP tax cuts.
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calimary Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:17 PM
Response to Original message
2. In five letters: IGMFU. Stands for "I Got Mine, F-U!"
And the higher you are on the corporate ladder, the more it applies.
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Graybeard Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:32 PM
Response to Original message
3. Voodoo.
Poppa Bush exposed it but Raygun quickly shut him up by making him VP.










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BR_Parkway Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:40 PM
Response to Original message
6. Trickle down = Piss on You, I got Mine
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B Calm Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 06:32 PM
Response to Reply #6
15. That trickle down was the same color as Rush Limbaugh's microphone!
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HughBeaumont Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:43 PM
Response to Original message
7. Ego Iran Scam.
Maniac's Gore.

No matter how you scramble it, it's bad news.
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MrPerson Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:43 PM
Response to Original message
8. One word - Asshattery
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EFerrari Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:45 PM
Response to Original message
9. Butchery. n/t
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Stinky The Clown Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:48 PM
Response to Original message
10. Reaganomics in three words:
Piss on you.
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Octafish Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 05:49 PM
Response to Original message
11. Reverse Robin Hood
It's just like Haiti.
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Golden Raisin Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 06:31 PM
Response to Original message
14. More like
I've got mine and you can fucking starve in the streets.
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Urban Prairie Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-07-09 06:34 PM
Response to Original message
16. Ronald Wilson Reagan
Reaganomics=666: The mark of the beast.
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