Know your BFEE: MAFIA helped Ronald Reagan move into White House

[Octafish]

36. The Gippet and the Incredible Hoax of Voodoo Economics

As in: "Win one for the Gippet," which Pruneface misread from the Teleprompter at Lord Poppy's nominating hatecon.

The Incredible Hoax of Reaganomics

David Stockman 1/3

By NomadicPolitics
Tuesday, October 2, 2012

For some time now, every GOP candidate wants to find some way, any way, to make a linkage to Ronald Reagan. It goes way beyond an illegitimate comparison into the offensive and idiotic. During the campaign in an interview with CNN, for example, Newt Gingrich had audacity to say,

"I think a big mistake on my part was to try to bring in conventional consultants. Because I am much like Reagan and Margaret Thatcher, I'm such an unconventional political figure that you really need to design a unique campaign that fits the way I operate and what I'm trying to do."

As if by invoking the name of the 40th president- like some enchanted spell- it will bring them political magic or a cloak of invisibility to hide their shameful ideological nakedness.

Trickle-Down is Reaganomics

Many have objected to Obama’s call for a fair tax system, in which the super wealthy will pay their rightful share. Taxing the “job creators” is, they bewail, out of the question. Where on earth do you expect jobs to come from if you punish success? they moan. Of course, anybody familiar with history will recognize that line of thinking as the trickle-down theory, which was a key feature of Reagan’s economic plan.

So much has been written on both sides about the supposed successes and supposed failures of Reagan’s economic policies. These policies go by many names, supply-side economics and the trickle-down theory and even as George Bush, Sr. once called them “voodoo economics.” Usually the opinions on his domestic programs fall along partisan lines.

When one adds the limitless esoteric terms of economists and career politicians, all hope of learning the truth about Reaganomics becomes pretty much a lost cause. Statistics and graphs appear like flowers from a magician's sleeve but to no avail because as all of us have seen, that kind of evidence can be made to prove just about any claim.

Some experts have made the claim that our present economic woes are a direct result of the reliance on the same policy, particularly tax cuts for the rich, deregulation and the free market philosophy. In order to give both sides a fair hearing, I thought I would investigate the background of Reaganomics.

CONTINUED with Voodo Economic Links...

http://nomadicpolitics.blogspot.com/2012/10/the-incredible-hoax-of-reaganomics.html

I couldn't believe it, either, NBachers. The actor who almost destroyed California rose to become the amiable dunce who almost destroyed America.