Thursday, December 6, 2018

The Canard about 'Voodoo Economics' is Back as the Left Remembers Bush

Rampell is still stuck on the campaign rhetoric of 1980, where Reagan and Bush competed for the Republican candidacy and Bush used the term 'voodoo economics' to unseat Reagan, something the voters didn't buy.

The Bush II tax-cuts-and-government revenue example is even more recent, and possibly an even better example of supply economics at work.

Bush got his substantial tax cuts for individuals passed in May 2003 and by FY 2004 revenues were rising again.

Democrats decry these stellar results as "Trickle down" and "Supply side" economics, but I have never seen a party that believes as much in actual trickle-down economics as the Democrats.

Democrat policies certainly enrich the Washington D.C. area, as the economic data show, but most of the rest of us are left in stagnation.

Washington Post columnist Catherine Rampell, and many other supposed journalists, repeatedly write about economics as if they know what they are talking about.

Of all the things she could possibly say about the late President George H.W. Bush as his funeral goes on, she compliments the man for calling President Reagan's tax cuts "Voodoo Economics." It's absurd.

https://www.americanthinker.com/articles/2018/12/the_canard_about_voodoo_economics_is_back_as_the_left_remembers_bush.html

No comments: