Quote:
Originally Posted by Rochard
Seriously?
Didn't we have a recession after Reagan left office?
Didn't Bush enact tax cuts? Didn't we have a MASSIVE recession as he left office?
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What they forget is that Reagan's tax cuts may have helped in the short term, but they caused the debt to skyrocket so in his second term he oversaw one of the largest tax increases in history to make up for it. It's why George H.W. Bush ran on the platform of "Read my lips, no new taxes." Of course, he raised taxes and it cost him.
In the end, trickle down economics doesn't really trickle.