What You Will Never Hear from Any News Network: The Truth About Our Nation’s Economy
To understand our nation’s up and down economy, we must look at the fiscal policies of every president since 1981. It was 43 years ago when Ronald Reagan became our country’s 40 th president. He revealed his fiscal policy which he called “supply side economics.” This misleading term led to a more accurate description known as “trickle-down economics.” Reagan originated the Republican Party’s current policy of focusing on the success of the super-rich. He claimed that if their huge corporations were profitable, in turn they would create jobs and the foundation of a capitalistic society, consumerism, would grow exponentially. Of course his policy failed miserably. Billionaires care about no one and nothing else other than increasing their already ludicrous personal wealth. When Reagan left office in 1989, unemployment was at 10 percent and rising, and the national debt reached an unfathomable one-trillion dollars. His successor, Republican George H.W. Bush continued Reagan’s policy of g...