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Reply #45: Supply side economics is largely what got us into this mess.
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dhpgetsit
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Mon Dec-13-10 08:37 PM
Response to Reply #28 |
45. Supply side economics is largely what got us into this mess. |
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George H W Bush originally referred to it a voodoo economics. It is the biggest con of the last century. Immediately after it was implemented by Reagan, the economy went into a deep recession as the deficits began to expand. Supply side policies have led to a destabilized economy. riding a roller coaster of financial bubbles and recessions. And the very wealthy became much much wealthier while the other 95% became poorer. We lost most of our manufacturing through "free trade" agreements, and people who used build wealth through manufacturing are now lucky to be serving up fries.
Get a clue, Aramchek.
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