Monday, January 30, 2012

The gullibility of right wing voters

They vote against their own interests, believing the politicians who tell them that supply-side, "trickle-down" Reaganomics works--even in the face of decades of proof that it DOESN'T work! Ronald Reagan was a disaster for our country -- but Republicans revere him.  A sad state of affairs.  Read the following essay by Robert Parry to understand better what has happened in our country -- and how we have been brought down by this kind of misguided thinking. 

Any rational assessment of America’s economic troubles would identify Ronald Reagan’s reckless “supply-side” economics as a chief culprit, but that hasn’t stopped Republican presidential hopefuls, led by Newt Gingrich, from selling this discredited theory to a gullible GOP base, reports Robert Parry.

http://consortiumnews.com/2012/01/27/selling-the-supply-side-myth/

EXCERPT
:
Despite Newt Gingrich’s claim that “supply-side” economic theories have “worked,” the truth is that America’s three-decade experiment with low tax rates on the rich, lax regulation of corporations and “free trade” has been a catastrophic failure, creating massive federal debt, devastating the middle class and off-shoring millions of American jobs.

It has ”worked” almost exclusively for the very rich, yet the former House speaker and the three other Republican presidential hopefuls are urging the country to double-down on this losing gamble, often to the cheers of their audiences — like one Florida woman who said she had lost her job and medical insurance but still applauded the idea of more “free-market” solutions.

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