I guess you believe in the trickle down theory if YOU benefit from it......

Sure do

Hello, no one is going to touch this one because they don't know the reaganomics trickle down , wrong I do! And it's more propaganda bullshit!

Reaganomics failed in less than a year, and it took an entire second year for the economy to recover from the failure. Carter didn't cause the inflation ...
American Politics Journal -- The Real Reagan Legacy

Who Killed Larry McDonald?

http://www.perrific.com/cds/s.html

Mike Hersh is an activist, writer, and attorney living in the DC area. So what does he exactly know about economics, not a damn lot. Since we can't believe an economist on this forum in a discussion about evolution, then that should extend to all other branches and remain in effect throughout, so Hersh is no authority either economics or foreign affairs and only offers his weak opinion.

dmk

Trickle Down Economics DOES work. In fact, it is the BASIS of a capitalistic society.

When a company/corporation is making a profit, that profit trickles down to its employees in the form of JOBS, BENEFITS, BONUSES and RAISES.

The problem is that too many people expect 100% of a company's profits to trickle down to them personally. Too many people think that, because the company they work for is making a profit, they are the one person who is responsible - and should reap all the rewards.

Trickle Down Economics DOES work. Unfortunately, too many people doo NOT.

If we have learned nothing else from history we should learn this, that since the economic programs of President Reagan have been enacted, we have seen consistently two decades of growth in our country's economy. Has the country experience hiccups, yes, two recessions, however, the markets have corrected themselves and we have continued to grow.

Despite Mr Hersh's claim that the indicators were good during the Carter presidency, all we have to do is look at the Misery Index, something Carter himself first used in his campaigning against President Ford, by the time of the 1980 elections, the Index was double digits.

Nor can we forget about the Malaise speech that Carter himself gave, where he told the American public that rather than this country continuing to grow we would be forced to make sacrifice and possible see a time when our future was not as bright as our past. If nothing else, we should remember this, despite all his good intentions, President Carter was wrong in his assessments of the American people and the future we had to look forward to experiencing. We have not seen a world of dwindling resources, nor has the future been worse than the past. Instead, we have seen growth, and a future that has outperformed the past.

Furthermore, Mr Hersh attacks President Reagan's actions in the Cold War. He states that our military had better systems, better troops, and better morale than Soviet Forces. I guess that the Desert One fiasco was just a blip on the radar. For that matter, don't forget that the Soviet Union had invaded Afghanistan at this same time. Let's see, we couldn't even orchestrate a rescue operation to get our hostages out of Iran, yet the Soviet Union was invading a country. Damn those facts.

Mr Hersh states that the biggest myth is that Reagan did nothing to bring down the Soviet Union. Then he immediately contradicts himself by saying that the Soviet Union was trying to reduce military spending in 1980 and Reagan made it harder for them to do so.

Despite the naysayers claims, especially those who still to this day despise the SDI program, history has other things to say. Nobody believe that a bullet could hit a bullet, which is how people liked to disparage SDI, yet, today we have the Patriot System which does exactly that. SDI was so great an issue, that in 1986 a deal was not struck in Iceland because of President Reagan's unwillingness to strike it.

That alone speaks volumes. Think about it, the Soviet Union was ready to remove all INF missiles, as was the United States as long as the US would keep SDI only in the laboratory. Despite critics contiually saying that it would not work, the Soviets believed that it might and were actually afraid of the implications.

Finally, Gorbachev never had the intention of losing the USSR, he come to power hoping to reform communism. When Eastern Europe began to fall, he himself stated that the USSR itself would not, nor would he allow it. In the end, he was wrong.

Although Reagan was often criticized for his rhetoric by Western Europeans, the media, and academia, Soviet dissidents applaud him for telling the world the truth. I guess that goes to show for some the grass is always greener on the other side of the fence, yet when you live there it is not.

Ronald Reagan had a simple philosophy when it came to the Cold War, WE WIN, THEY LOSE. History has shown that he was right. We won and they lost, the Soviet Union collapsed because a backward system could not compete with the free market.

President CLinton was able to reap the rewards of the Cold War ending. With out the threat of the Soviet Superpower, President Clinton was able to reduce the size of the military, reduce military spending, reduce foreign aid, and as a result saw Budget surpluses, yet never bothered to reduce the Debt with his surpluses.

If not for the buildup of the 1980s, something that former Soviet's have siad hastened the collapse, none of the great times of the 90's could have occurred.

dmk