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Old 10-22-2004, 02:24 PM   #1
GT40FIED
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Join Date: Sep 2001
Location: At the end of the longest line
Age: 43
Posts: 7,451
Hmmm....this sounds familiar

Ok...so normally I don't pay just a ton of attention to Amerika's economic policies. I'm usually more interested in foreign policies, healthcare, education, etc. But I listened to Bush talking the other day about his tax plan and listening to him ramble on it suddenly hit me...I've heard a rant like this before. It took me awhile to remember where, but then it hit me. It's just Reagan's "trickle down" theory. By arguing that somehow giving the rich MORE money will spur them to spend more (like they're not spending big already) and that will positively effect your bank account. Interesting theory...but ultimately wrong. Man...I was a little kid when Reagan was in office and even I know how big of a failure "Reaganomics" was. Well...at least if you weren't insanely wealthy. If you were then Reagan was your new god. The idea is to sell people on the idea that EVERYONE will have more money...when in reality Reagan made hordes of people homeless. So if it didn't work then, why bring it back now? Is there suddenly a shortage of homeless people to blame for problems? After watching economic reports lately, I would think our homeless levels are higher than normal already.
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