Replies to post #104631 on Politics and Money

[shermann7]

That is why it was called "Supply Side" Economics.

Shermann

[ergo sum]

Reaganomics was a complete failure.

[lesgetrich]

In order to justify the big tax cuts for the rich and corporations, Reagan had to give smaller cuts to the rest of the folks. This, along with some heavy defense and some infrastructure spending worked just like Keynes predicted and stimulated the economy.