Supply Side: for what ails the country
FORBES, on the legacy of supply side:
Ronald Reagan, campaigning for the presidential nomination, took up this prescription and defended it against continuous ridicule by President Carter. And he won and implemented a major portion of the supply side agenda. This led to the creation of 19.4 million new jobs and put America, and then the world, on the road to creating prosperity unprecedented in history. As it happens, 20 million jobs again is just about exactly what America is now short.
This is, of course, precisely why liberals will never embrace it. Anything associated with Reagan (except for Obama, of course) must be erased from history.
Ronald Reagan, campaigning for the presidential nomination, took up this prescription and defended it against continuous ridicule by President Carter. And he won and implemented a major portion of the supply side agenda. This led to the creation of 19.4 million new jobs and put America, and then the world, on the road to creating prosperity unprecedented in history. As it happens, 20 million jobs again is just about exactly what America is now short.
This is, of course, precisely why liberals will never embrace it. Anything associated with Reagan (except for Obama, of course) must be erased from history.