Reaganomics Has Been Hugely Successful Since 1980. It Will Be More Successful In The Future.

[TheMastersNemesis]

Yes Reaganomics has been hugely successful in creating a large number of billionaires, multimillionaires and millionaires over the last 32 years. All the gravy has risen to the top so to speak. Everyone else is settling for scraps and a number of voters even support Reaganomics to this day. Every GOPPER believes their ship is soon to come in and they too will win the economic lottery. Trickle down works if you are lucky enough to game the system and accumulate mounds of cash.

And we are still pursuing Reaganomics. Until we eliminate the "tinkle down" policy from our economy it will only get worse. And we know it. But the GOP has managed to game elections and gerrymander to keep enough power to stay on this "dead end" economic track. And the business community is now led by a generation of CEO's and managers who support and adhere to this economic model.

Only a "sea change" in the political spectrum will move workers in a better direction. Obama is a status quo president in that the voters kept the GOP in power in key areas. So we cannot move foreword. It looks like the GOP has the upper hand in the foreseeable future. They have the ability to obstruct indefinitely unless they lose the House.

[Benton D Struckcheon]

1. An interesting take, recently cited by Krugman.

Link below. It argues that the business community will use the argument that it needs confidence to invest, and anything that impairs that confidence, like, you know, raising taxes on them, will prevent the economy from moving forward. Basically boils down to that if we get into a situation like the one we're in now, it's very tough to get out because the politics are dominated by the business community, who will successfully lobby against the standard Keynesian approach to get us out, partly because they know it will work:

http://mrzine.monthlyreview.org/2010/kalecki220510.html

Tinkle down is here to stay. Looks like it'll take another, even bigger crisis to get out from under this political deadweight.

[Pretzel_Warrior]

2. good word, dead weight. because such policies are also economic dead weight loss

such immense wealth concentrated in the hands of only a few actually reduces the dynamism of our macro economy. Thanks, you steaming pile of maggots, Reagan!

[Skeeter Barnes]

3. Only Unions will move workers in a better direction. Politicians do not care about you at all.

[B Calm]

4. Hopefully the GOP will lose the house in the next election.

[deutsey]

5. As long as we have Democrats getting all goo-goo eyed over Reagan

Reaganomics will remain.

You don't hear Republicans singing the praises of FDR; just the opposite. I cringe every time one of our leaders say how much they admire Reagan.

[Scuba]

6. Trickle down works, if you understand the goal ...

[Enthusiast]

7. How could you disrespect the job creators?

[LWolf]

8. Neo-liberalism at it's best.

Those "Reagan Democrats" were neo-liberal Democrats, and they've gained the leadership and power in the Democratic Party since Reagan.

Between Republicans and neo-liberal Democrats, we are screwed.

[mstinamotorcity2]

9. one reason to spread

political education.