4 ms·

Blame John Anderson as well.

oh_my_goodness 2y ago
Maybe so. But Anderson also pulled votes from more-or-less Republicans who didn't believe Reagan's assertion that cutting taxes and increasing spending would narrow the deficit.
- rayrey 2y ago
  Describes my father who voted for Anderson. He didn’t trust Reagan at all
  - CalChris 2y ago
    But he didn't vote for Carter either.
    - oh_my_goodness 2y ago
      That's maybe almost implied already.
- throw0101d 2y ago
  > But Anderson also pulled votes from more-or-less Republicans who didn't believe Reagan's assertion that cutting taxes and increasing spending would narrow the deficit. When Reagan's own people said his economics were bullshit… > Following Reagan's election, the "trickle-down" reached wide circulation with the publication of "The Education of David Stockman" a December 1981 interview of Reagan's incoming Office of Management and Budget director David Stockman, in the magazine Atlantic Monthly. In the interview, Stockman expressed doubts about supply side economics, telling journalist William Greider that the Kemp–Roth Tax Cut was a way to rebrand a tax cut for the top income bracket to make it easier to pass into law.[25] Stockman said that "It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory."[25][26][27] * https://en.wikipedia.org/wiki/Trickle-down_economics#Reagan_years https://en.wikipedia.org/wiki/Trickle-down_economics#Reagan_...
- CalChris 2y ago
  It is true that Reagan campaigned against Carter's 'profligate' spending. But then it's also a fact that Carter (2.6% in 1980) had reduced Ford's deficit (4.1% in 1976) and then Reagan's deficit (5.9% in 1983) greatly increased Carter's. Reagan's Secretary of Defense Dick Cheney summarized the Reagan governing philosophy as deficits don't matter.
  - oh_my_goodness 2y ago
    Almost 50 years later, borrow-and-spend politicians still sell themselves to US voters as fiscally responsible.

Maybe so. But Anderson also pulled votes from more-or-less Republicans who didn't believe Reagan's assertion that cutting taxes and increasing spending would narrow the deficit.

rayrey 2y ago
Describes my father who voted for Anderson. He didn’t trust Reagan at all
- CalChris 2y ago
  But he didn't vote for Carter either.
  - oh_my_goodness 2y ago
    That's maybe almost implied already.
throw0101d 2y ago
> But Anderson also pulled votes from more-or-less Republicans who didn't believe Reagan's assertion that cutting taxes and increasing spending would narrow the deficit. When Reagan's own people said his economics were bullshit… > Following Reagan's election, the "trickle-down" reached wide circulation with the publication of "The Education of David Stockman" a December 1981 interview of Reagan's incoming Office of Management and Budget director David Stockman, in the magazine Atlantic Monthly. In the interview, Stockman expressed doubts about supply side economics, telling journalist William Greider that the Kemp–Roth Tax Cut was a way to rebrand a tax cut for the top income bracket to make it easier to pass into law.[25] Stockman said that "It's kind of hard to sell 'trickle down,' so the supply-side formula was the only way to get a tax policy that was really 'trickle down.' Supply-side is 'trickle-down' theory."[25][26][27] * https://en.wikipedia.org/wiki/Trickle-down_economics#Reagan_years https://en.wikipedia.org/wiki/Trickle-down_economics#Reagan_...
CalChris 2y ago
It is true that Reagan campaigned against Carter's 'profligate' spending. But then it's also a fact that Carter (2.6% in 1980) had reduced Ford's deficit (4.1% in 1976) and then Reagan's deficit (5.9% in 1983) greatly increased Carter's. Reagan's Secretary of Defense Dick Cheney summarized the Reagan governing philosophy as deficits don't matter.
- oh_my_goodness 2y ago
  Almost 50 years later, borrow-and-spend politicians still sell themselves to US voters as fiscally responsible.