Do you remember Reaganomics?
July 23, 2009 Leave a comment
Reaganomics were the policies promoted during the presidency of Ronald Reagan.
Reaganomics consisted in:
1- Reducing the growth of government spending.
2- Reducing income and capital gains tax rates.
3- Reducing government regulations of the economy.
4- Controlling the money supply to reduce inflation.
Reagan took office during a period of high inflation and unemployment which was gone by the time he left office eight years later.
Now we are on a period of crazy spending by the government; crazy raise of taxes and creation of new ones (i.e.. VAT) plus big regulation from government in the private sector as a solution to the economic crisis.And the worst part is that liberals think it will work so they keep on trying, but it continues to hurt our pockets.
Obama’s policies are violating freedom values on which the United States were founded. Now we are even loosing the freedom to die because of the death tax. They are taxing everything. Unbelievable in America, right?
Reaganomics worked. Obamanomics won’t, because socialist agendas never worked in the United States of America.