Quote:
Originally Posted by dropnosky
Yet it was Reagan who fathered "trickle-down economics" and other "reaganomic" principles that can be directly linked to the horrendous present economic situation. I wouldn't call that sensible, id call that feckless experimentation with the national economy and totally irresponsible.
I view the crash under the last year of Bush first year of Obama as the chickens coming home to roost from a national mindset of more for less first floated by Reagan.
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Well, at the time, those economic theories had not been fully tested, so it is a little easier to forgive the results. The implementation of those same unsuccessful practices by Bush 1 and Bush 2, without the cornerstone of reduced federal spending, that was absolutely irresponsible.
Unfortunately, Romney seems to be cut from the same cloth, and has yet to describe, in any meaningful manner, the reductions in federal spending that are an absolute must for the Voodoo Economic plan to not be an instant catastrophe.