Please stop using the term "trickle down", it belittles both of us and doesn't add anything of substance. It's just a talking point used by the other side who were against Reagan's policies.
You have to understand why Reagan did what he did. The 1970s were an absolute mess. The country was not doing well, and we were suffering from stagnant growth and inflation (not a good combo). After the oil crisis, unemployment shot up, but eventually moved down towards full employment by the late-80s. Progress. Investments poured into this country (remember that whole "The Japanese are taking over" thing?) and faith in the markets picked up. Progress. The rise in defense spending forced the USSR to basically bankrupt itself and implode, leaving us the lone world's Super Power. Progress. Innovation flourished, and so did startups because of increases in investments. Computers, all of that. Progress. By the end of Reagan's term we were on our way to becoming the lone economic and military super power, and we haven't looked back since.
Did the wealth distribute to levels that people like you would be happy with? It didn't, but the opportunity to take what you can get is there, and everything we've seen since the 80s are great examples. All the innovation, startups, wealth, everything.
You started that by calling trickle down a talking point, then ended with take what you can? Wow. OK.
They are going to make a shitty sequal to your life starring Mila Kunis.
The world, not just the US, was coming out of a pretty fucked up time in the 70's. You know, war and stuff. We had a decent man as president, but he wasn't a war guy. He got bounced and we got a guy that loved war, and apparently loved Saudi Arabian oil even more. Not to mention he was slowly losing his mind.
He then abolished the concept of fiscal conservatism and created the national debt that tea party folks, who love him, want to get rid of. I do too, but wtf?
He then set out to take as much money as he could from the middle class to create a ruling class, and told us all the while the money would trickle down.
His words, not mine. It didn't happen, and here we are trying to clean up the mess.
Reagan republicans under 40 are the worst. The revisionist history knows no bounds. He was a fraud. He was a B movie actor slowly succumbing to Alzheimer's. He set the economy, and our country back a century.
It sucks when less than 30 years later, it's happening again.
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