Monday, September 5, 2011

The Impact of 30 Years of Reaganomics

Here's a chart that I picked up over at Green Eagle.  It is self-explanitory.

6 comments:

  1. Well the trickle down effect is going to take sometime, anywhere from 70 to 800 years

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  2. Clearly what we've been living under is "trickle up".

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  3. It's been a hell of a lot more than a trickle.

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  4. It's Reaganomics plus a lot of other bad management. I give Clinton and his DLC free trade idiocy a lot of negative credit too.

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  5. Thanks very much for the link. I just want to point out that this graphic came from a New York Times opinion piece by Robert Reich, which is well worth a read:

    http://www.nytimes.com/2011/09/04/opinion/sunday/jobs-will-follow-a-strengthening-of-the-middle-class.html?_r=2&partner=rss&emc=rss

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  6. By the way, I don't have the data in front of me, but it was right around 1980 when gubernatorial seats 's that had been held for more than a century by democrats started being lost, such as in Texas and Georgia, and when the House of representatives changes hands have close to a half a century of democratic control.

    At the same time as all of this was happening, Reagan started applying Supplied Side economics again.

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