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I don't get it....everyone know reagan's economic plans failed horribly. So why try again? Do we expect something different to occur?
You'd think it's because their stupid, but really it's because it's working for them.
Because they don't care about Americans, only "business" and the wealthy. Look at their ridiculous reasoning for not paying the unemployed — why, they may not want to work! One: that's patently stupid. And Two: it demonstrates that corporations matter more than people.
Because most of these assholes have shares in these corps, or serve on their boards, so they're really looking out for their interests instead of the public good. They don't give a shit if you lose everything and can't feed your family; they need to protect a small percentage of their wealth at all costs.
At the end of it, they really only care about the wealthy, who will glide through whatever happens like they always do. If the situation here implodes, they'll decamp to other places around the world and insulate themselves from the worst of it, then send their agents out to buy everything at rock bottom prices to further solidify their positions.
That's not a point they care about. They've got their private islands and overseas properties and such.
No, the real problem (for them, at least) is that when you tighten the noose during a recession, skilled labor goes to look for any job. This is appealing if you're a psychopath, watching the poors fight over scraps, but if you're actually motivated by profits then it bites you in the long run -- and in ways your friends in Congress can't do anything about. Right now, even now, many IT sectors remain highly lucrative because the dot-com implosion wiped out an entire generation of professionals -- the ones who survived are now in the senior positions that make the most money. I've personally witnessed companies lay those guys off and move everything to overseas sweatshops, simply because they were irritated at paying six-figure salaries. They'd then promptly lose their money ten times over because the replacements didn't know their shit. The real estate bubble went in 2008 and guess what, now construction workers are in high demand because most of them left the industry for good. That's not going to change anytime soon. Bubbles result in long-term labor shortages that hurt the very psychopaths that engineered them.
America's basically a giant conveyor belt that pushes wealth into the hands of a rentier class that gets stupider and more insane because Republicans, to curry their favor, will do anything to insulate them from the consequences of their own idiocy and madness.
"The Laffer curve and supply-side economics inspired Reaganomics and the Kemp-Roth Tax Cut of 1981."
"In the year after enactment of [the Kemp-Roth Tax Cut], the deficit ballooned, which in turn, drove interest rates from around 12% to over 20%, which, in turn, drove the economy into the second dip of the 1978-82 "double dip recession"."
Great stuff.
Conservatives don't know that. They think that the Democrats somehow sabotage Reaganomics and that's why it didn't work.
