#reaganomics — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #reaganomics, aggregated by home.social.
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@FluentInFinance George HW Bush called Trickle Down a scam. #Reaganomics
#EvenABlindSquirrel gets a nut sometimes -
@FluentInFinance George HW Bush called Trickle Down a scam. #Reaganomics
#EvenABlindSquirrel gets a nut sometimes -
@FluentInFinance George HW Bush called Trickle Down a scam. #Reaganomics
#EvenABlindSquirrel gets a nut sometimes -
@FluentInFinance George HW Bush called Trickle Down a scam. #Reaganomics
#EvenABlindSquirrel gets a nut sometimes -
@FluentInFinance George HW Bush called Trickle Down a scam. #Reaganomics
#EvenABlindSquirrel gets a nut sometimes -
Neoliberalism is the re-entrenchment of feudalism wearing the coat of democracy.
https://youtube.com/watch?v=oJ0G4hAUsVE
#neoliberalism #liberalism #history #colonialism #imperialism #gaming #thatcherism #reaganomics #friedrichhayek #miltonfriedman #jpmorgan #citybank #billclinton #tonyblair
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Neoliberalism is the re-entrenchment of feudalism wearing the coat of democracy.
https://youtube.com/watch?v=oJ0G4hAUsVE
#neoliberalism #liberalism #history #colonialism #imperialism #gaming #thatcherism #reaganomics #friedrichhayek #miltonfriedman #jpmorgan #citybank #billclinton #tonyblair
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Neoliberalism is the re-entrenchment of feudalism wearing the coat of democracy.
https://youtube.com/watch?v=oJ0G4hAUsVE
#neoliberalism #liberalism #history #colonialism #imperialism #gaming #thatcherism #reaganomics #friedrichhayek #miltonfriedman #jpmorgan #citybank #billclinton #tonyblair
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Neoliberalism is the re-entrenchment of feudalism wearing the coat of democracy.
https://youtube.com/watch?v=oJ0G4hAUsVE
#neoliberalism #liberalism #history #colonialism #imperialism #gaming #thatcherism #reaganomics #friedrichhayek #miltonfriedman #jpmorgan #citybank #billclinton #tonyblair
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Neoliberalism is the re-entrenchment of feudalism wearing the coat of democracy.
https://youtube.com/watch?v=oJ0G4hAUsVE
#neoliberalism #liberalism #history #colonialism #imperialism #gaming #thatcherism #reaganomics #friedrichhayek #miltonfriedman #jpmorgan #citybank #billclinton #tonyblair
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Yet another video lending more credence to the failures of #Reaganomics and the #TrickleDown economy.
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Yet another video lending more credence to the failures of #Reaganomics and the #TrickleDown economy.
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Yet another video lending more credence to the failures of #Reaganomics and the #TrickleDown economy.
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Yet another video lending more credence to the failures of #Reaganomics and the #TrickleDown economy.
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Yet another video lending more credence to the failures of #Reaganomics and the #TrickleDown economy.
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AMERICA IS IN A STRUGGLE BETWEEN THE FOLKS WHO EMBRACE THE WAY IT IS...
& THOSE OF US WHO REJECT IT.
#Reject
#Reaganomics
#Trumpflation
#Trumpcession
#Trumpression
#Trumpageddon
#Trumpocalypse
#TrumpedUpTrickleDown -
https://www.instagram.com/reel/DWmIyfjAbns/?igsh=Y2dvenZnaGtycTR0
What else hey walk in my home wear my shoes #overliberalagenda vs #gengappolitics #reaganomics daaatss gooo haaahhaaa (high pitched) -
@remixtures This wealth gap was created due to #Reaganomics and #Thatcherism. It has been exacerbated by all presidents since then, #Democrats and #Republicans, alike. 40+ years of #neoliberal economic policy has resulted in a wealth transfer from the poor, middle class to the millionaires and billionaires. Where #Dow and #FTSE were the gods on whose altar wealth of middle class and affordability were slaughtered in hopes of #TrickleDownEconomics.
The reckoning is over due.
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@remixtures This wealth gap was created due to #Reaganomics and #Thatcherism. It has been exacerbated by all presidents since then, #Democrats and #Republicans, alike. 40+ years of #neoliberal economic policy has resulted in a wealth transfer from the poor, middle class to the millionaires and billionaires. Where #Dow and #FTSE were the gods on whose altar wealth of middle class and affordability were slaughtered in hopes of #TrickleDownEconomics.
The reckoning is over due.
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@remixtures This wealth gap was created due to #Reaganomics and #Thatcherism. It has been exacerbated by all presidents since then, #Democrats and #Republicans, alike. 40+ years of #neoliberal economic policy has resulted in a wealth transfer from the poor, middle class to the millionaires and billionaires. Where #Dow and #FTSE were the gods on whose altar wealth of middle class and affordability were slaughtered in hopes of #TrickleDownEconomics.
The reckoning is over due.
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@remixtures This wealth gap was created due to #Reaganomics and #Thatcherism. It has been exacerbated by all presidents since then, #Democrats and #Republicans, alike. 40+ years of #neoliberal economic policy has resulted in a wealth transfer from the poor, middle class to the millionaires and billionaires. Where #Dow and #FTSE were the gods on whose altar wealth of middle class and affordability were slaughtered in hopes of #TrickleDownEconomics.
The reckoning is over due.
-
@remixtures This wealth gap was created due to #Reaganomics and #Thatcherism. It has been exacerbated by all presidents since then, #Democrats and #Republicans, alike. 40+ years of #neoliberal economic policy has resulted in a wealth transfer from the poor, middle class to the millionaires and billionaires. Where #Dow and #FTSE were the gods on whose altar wealth of middle class and affordability were slaughtered in hopes of #TrickleDownEconomics.
The reckoning is over due.
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Just a reminder that #cyberpunk was created specifically as a reaction to #Neo-liberal #Reaganomics and the logical conclusion to it as tech advanced. Cyberpunk has always been woke and so many people haven't a clue. Add climate change and we have an equal chance of a cyberpunk or a post -apocalypse style future, though likely a mix of both.
Its why #solarpunk is about fighting the cyberpunk villain BEFORE they destroy the planet, and cyberpunk is fighting them after. Why I view solarpunk as a very punk movement, that will be a bloody transition and not because we are violent, those scared to lose their power will be. Post-transition to #degrowth will still have its political problem, not understanding that makes it more solarcore which is cottage core plus solar panels. -
Just a reminder that #cyberpunk was created specifically as a reaction to #Neo-liberal #Reaganomics and the logical conclusion to it as tech advanced. Cyberpunk has always been woke and so many people haven't a clue. Add climate change and we have an equal chance of a cyberpunk or a post -apocalypse style future, though likely a mix of both.
Its why #solarpunk is about fighting the cyberpunk villain BEFORE they destroy the planet, and cyberpunk is fighting them after. Why I view solarpunk as a very punk movement, that will be a bloody transition and not because we are violent, those scared to lose their power will be. Post-transition to #degrowth will still have its political problem, not understanding that makes it more solarcore which is cottage core plus solar panels. -
Just a reminder that #cyberpunk was created specifically as a reaction to #Neo-liberal #Reaganomics and the logical conclusion to it as tech advanced. Cyberpunk has always been woke and so many people haven't a clue. Add climate change and we have an equal chance of a cyberpunk or a post -apocalypse style future, though likely a mix of both.
Its why #solarpunk is about fighting the cyberpunk villain BEFORE they destroy the planet, and cyberpunk is fighting them after. Why I view solarpunk as a very punk movement, that will be a bloody transition and not because we are violent, those scared to lose their power will be. Post-transition to #degrowth will still have its political problem, not understanding that makes it more solarcore which is cottage core plus solar panels. -
Just a reminder that #cyberpunk was created specifically as a reaction to #Neo-liberal #Reaganomics and the logical conclusion to it as tech advanced. Cyberpunk has always been woke and so many people haven't a clue. Add climate change and we have an equal chance of a cyberpunk or a post -apocalypse style future, though likely a mix of both.
Its why #solarpunk is about fighting the cyberpunk villain BEFORE they destroy the planet, and cyberpunk is fighting them after. Why I view solarpunk as a very punk movement, that will be a bloody transition and not because we are violent, those scared to lose their power will be. Post-transition to #degrowth will still have its political problem, not understanding that makes it more solarcore which is cottage core plus solar panels. -
“The second Trump administration has exposed the lie of Reaganomics, as well as the rot at the heart of an administration dedicated to the idea that some people are better than others. It has also shown the ridiculous cultlike behavior of those who adhere to that idea.”
—Heather Cox Richardson, December 19, 2025
#reaganomics #reagan #trump #usa -
“The second Trump administration has exposed the lie of Reaganomics, as well as the rot at the heart of an administration dedicated to the idea that some people are better than others. It has also shown the ridiculous cultlike behavior of those who adhere to that idea.”
—Heather Cox Richardson, December 19, 2025
#reaganomics #reagan #trump #usa -
“The second Trump administration has exposed the lie of Reaganomics, as well as the rot at the heart of an administration dedicated to the idea that some people are better than others. It has also shown the ridiculous cultlike behavior of those who adhere to that idea.”
—Heather Cox Richardson, December 19, 2025
#reaganomics #reagan #trump #usa -
“The second Trump administration has exposed the lie of Reaganomics, as well as the rot at the heart of an administration dedicated to the idea that some people are better than others. It has also shown the ridiculous cultlike behavior of those who adhere to that idea.”
—Heather Cox Richardson, December 19, 2025
#reaganomics #reagan #trump #usa -
“The second Trump administration has exposed the lie of Reaganomics, as well as the rot at the heart of an administration dedicated to the idea that some people are better than others. It has also shown the ridiculous cultlike behavior of those who adhere to that idea.”
—Heather Cox Richardson, December 19, 2025
#reaganomics #reagan #trump #usa -
Yes, the government should feed us
What's the point of living in a society if not to care for one another?
By J. P. Hill
https://open.substack.com/pub/newmeans/p/yes-the-government-should-feed-us
#neoliberalism #SNAP #SNAPfunding #SNAPcutoff #neoliberalLies #newmeans #Trump #USpol #Reaganomics #foodStamps #welfareQueen #welfareThe right has long preached that it’s good to cut off assistance to anyone and everyone, and now we see fascists celebrating and justifying the SNAP cutoff.
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Yes, the government should feed us
What's the point of living in a society if not to care for one another?
By J. P. Hill
https://open.substack.com/pub/newmeans/p/yes-the-government-should-feed-us
#neoliberalism #SNAP #SNAPfunding #SNAPcutoff #neoliberalLies #newmeans #Trump #USpol #Reaganomics #foodStamps #welfareQueen #welfareThe right has long preached that it’s good to cut off assistance to anyone and everyone, and now we see fascists celebrating and justifying the SNAP cutoff.
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Yes, the government should feed us
What's the point of living in a society if not to care for one another?
By J. P. Hill
https://open.substack.com/pub/newmeans/p/yes-the-government-should-feed-us
#neoliberalism #SNAP #SNAPfunding #SNAPcutoff #neoliberalLies #newmeans #Trump #USpol #Reaganomics #foodStamps #welfareQueen #welfareThe right has long preached that it’s good to cut off assistance to anyone and everyone, and now we see fascists celebrating and justifying the SNAP cutoff.
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What is Voodoo Economics?
The phrase “voodoo economics” became widely known during the 1980 U.S. presidential campaign, when George H.W. Bush used it to criticize Ronald Reagan’s economic proposals. Over time, the term has been used more broadly to describe economic theories or policies that sound appealing in theory but lack real-world effectiveness. Most often, it is associated with supply-side economics and the idea that tax cuts for the wealthy will spur enough growth to offset lost government revenue.
Understanding what people mean when they use the phrase “voodoo economics” is useful because it highlights how political rhetoric and economic policy can diverge from measurable outcomes.
The line that started it
The insult landed during the 1980 Republican primary. George H.W. Bush, a Yale-educated oilman running against Ronald Reagan, needed a way to attack Reagan’s central promise: that cutting taxes would unleash enough growth to balance the budget. “Voodoo economics” was his shorthand for budget math he considered magical thinking. The phrase stuck because it was vivid, and it followed Bush for the rest of his career.
The irony is the rest of the story. That July, Reagan picked Bush as his running mate, and Bush spent eight years as vice president publicly defending the very policies he had named. He later raised taxes himself as president in 1990, breaking his “read my lips” pledge, a reversal widely blamed for his 1992 defeat. The origin matters because it shows what the phrase really is: not a technical term, but a political weapon, coined by a man who then had to live inside the contradiction.
The Origins of the Term
In 1980, then-presidential candidate Reagan promoted what became known as Reaganomics. A key component was supply-side economics, which argued that cutting taxes, especially for businesses and high earners, would encourage investment, create jobs, and stimulate economic growth. Critics, including George H.W. Bush during the Republican primary, labeled this “voodoo economics,” suggesting it was based more on wishful thinking than sound fiscal analysis.
While Reagan’s policies did stimulate parts of the economy, they also led to large federal deficits and rising national debt, outcomes critics pointed to as proof of the term’s accuracy.
What It Means Today
Today, “voodoo economics” is used more generally to describe policies that overpromise and underdeliver. Examples include:
- Assuming tax cuts always pay for themselves through higher growth
- Believing government spending can rise without creating long-term debt problems
- Trusting complex economic models that ignore human behavior and psychology
The phrase is not a technical economic term, but rather a critique of ideas that appear to be magical solutions to difficult financial problems.
Buy Thinking, Fast and Slow on Amazon
What the supply-siders got right, and what the data said
Fairness requires saying what the critics of the phrase get right. Incentives matter. Marginal tax rates do change behavior: when keeping an extra dollar of income gets harder, people work, invest, and report income differently. The Laffer Curve, the napkin sketch behind the whole debate, makes a true point at the extremes: a 0% tax rate raises no revenue, and a 100% rate would too, since nobody would bother earning. The argument was never really about whether incentives exist.
It was about the revenue claim, and on that the data has been unkind. Federal debt roughly tripled during the 1980s, from under $1 trillion when Reagan took office to about $2.6 trillion by 1988. The 2017 tax cuts were sold with similar pay-for-themselves promises, and the Congressional Budget Office’s own scoring showed them adding roughly $1.5 trillion to deficits over a decade. The honest version of the supply-side case is “tax cuts can raise growth somewhat.” The voodoo version is “tax cuts pay for themselves.” That distinction, between a real effect and a magical one, is the entire argument in one sentence.
The Psychology of Economic Promises
One reason phrases like “voodoo economics” resonate is that people naturally want easy answers to hard questions. Just as in personal finance, where many look for shortcuts to wealth, voters are often attracted to policies that claim to boost prosperity without requiring sacrifice. This reflects how psychology shapes money decisions—both at the household level and at the level of national policy.
Books on money such as Thinking, Fast and Slow by Daniel Kahneman or Nudge by Richard Thaler explore how biases and optimism can lead people to underestimate risks. When applied to economics, these same tendencies can cause policymakers and citizens to embrace theories that feel good but may not stand up to reality.
What Individuals Can Learn
While national economic policy may be out of your control, there are lessons for personal finance:
- Be skeptical of promises that seem too good to be true, whether from politicians or financial advisors.
- Remember that there are no “magic” strategies for building wealth. Success usually comes from steady saving, frugal living, and long-term investing in reliable assets like the S&P 500.
- Use tools such as budgeting apps to stay grounded in your real numbers, not in hopeful projections.
- Maintain a strong foundation with a high-yield savings account and short-term treasury bills to provide stability.
Final Thoughts
“Voodoo economics” remains a powerful phrase because it captures the tension between political promises and economic reality. For individuals, the takeaway is clear: stick to time-tested financial principles, question ideas that sound like shortcuts, and focus on building a stable financial foundation.
#Economics #Reaganomics #SupplySideEconomics #Taxes #VoodooEconomics -
And it’s time for those who still claim “that’s not my party” to finally admit…yes, it is.
It always has been.
#MythOfWhiteMaleSupremacy #Mediocre #Reaganomics #RepublicanParty #NeverTrump #AntiRacism #PoliticalAccountability #SystemicRacism #AmericanHistory #WhiteMen #GoodWhiteFolx #ProfitWithoutOppression #KimCrayton
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And it’s time for those who still claim “that’s not my party” to finally admit…yes, it is.
It always has been.
#MythOfWhiteMaleSupremacy #Mediocre #Reaganomics #RepublicanParty #NeverTrump #AntiRacism #PoliticalAccountability #SystemicRacism #AmericanHistory #WhiteMen #GoodWhiteFolx #ProfitWithoutOppression #KimCrayton
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And it’s time for those who still claim “that’s not my party” to finally admit…yes, it is.
It always has been.
#MythOfWhiteMaleSupremacy #Mediocre #Reaganomics #RepublicanParty #NeverTrump #AntiRacism #PoliticalAccountability #SystemicRacism #AmericanHistory #WhiteMen #GoodWhiteFolx #ProfitWithoutOppression #KimCrayton
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And it’s time for those who still claim “that’s not my party” to finally admit…yes, it is.
It always has been.
#MythOfWhiteMaleSupremacy #Mediocre #Reaganomics #RepublicanParty #NeverTrump #AntiRacism #PoliticalAccountability #SystemicRacism #AmericanHistory #WhiteMen #GoodWhiteFolx #ProfitWithoutOppression #KimCrayton
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And it’s time for those who still claim “that’s not my party” to finally admit…yes, it is.
It always has been.
#MythOfWhiteMaleSupremacy #Mediocre #Reaganomics #RepublicanParty #NeverTrump #AntiRacism #PoliticalAccountability #SystemicRacism #AmericanHistory #WhiteMen #GoodWhiteFolx #ProfitWithoutOppression #KimCrayton
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https://substack.com/@mikaanderson/note/c-162768104
#governmentshutdown #government #politics #USA #America #Congress #Republicans #Budget #Economy #tRump #Billionaires #Tax #TaxCuts #Shutdown #NationalStrike #Strike #Blackout #Activism #Resist #Protest #Greed #Corporatocracy #oligarchy #Paycheck #Personal #Americans #Citizens #Law #HumanRights #Justice #Midterms #Elections #Vote #NeverForget #Hardship #Poverty #MiddleClass #Reaganomics #Trickledown #AIPAC #HeritageFoundation #Project2025 #TaxChurches #Military
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https://substack.com/@mikaanderson/note/c-162768104
#governmentshutdown #government #politics #USA #America #Congress #Republicans #Budget #Economy #tRump #Billionaires #Tax #TaxCuts #Shutdown #NationalStrike #Strike #Blackout #Activism #Resist #Protest #Greed #Corporatocracy #oligarchy #Paycheck #Personal #Americans #Citizens #Law #HumanRights #Justice #Midterms #Elections #Vote #NeverForget #Hardship #Poverty #MiddleClass #Reaganomics #Trickledown #AIPAC #HeritageFoundation #Project2025 #TaxChurches #Military
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https://substack.com/@mikaanderson/note/c-162768104
#governmentshutdown #government #politics #USA #America #Congress #Republicans #Budget #Economy #tRump #Billionaires #Tax #TaxCuts #Shutdown #NationalStrike #Strike #Blackout #Activism #Resist #Protest #Greed #Corporatocracy #oligarchy #Paycheck #Personal #Americans #Citizens #Law #HumanRights #Justice #Midterms #Elections #Vote #NeverForget #Hardship #Poverty #MiddleClass #Reaganomics #Trickledown #AIPAC #HeritageFoundation #Project2025 #TaxChurches #Military
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https://substack.com/@mikaanderson/note/c-162768104
#governmentshutdown #government #politics #USA #America #Congress #Republicans #Budget #Economy #tRump #Billionaires #Tax #TaxCuts #Shutdown #NationalStrike #Strike #Blackout #Activism #Resist #Protest #Greed #Corporatocracy #oligarchy #Paycheck #Personal #Americans #Citizens #Law #HumanRights #Justice #Midterms #Elections #Vote #NeverForget #Hardship #Poverty #MiddleClass #Reaganomics #Trickledown #AIPAC #HeritageFoundation #Project2025 #TaxChurches #Military
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https://substack.com/@mikaanderson/note/c-162768104
#governmentshutdown #government #politics #USA #America #Congress #Republicans #Budget #Economy #tRump #Billionaires #Tax #TaxCuts #Shutdown #NationalStrike #Strike #Blackout #Activism #Resist #Protest #Greed #Corporatocracy #oligarchy #Paycheck #Personal #Americans #Citizens #Law #HumanRights #Justice #Midterms #Elections #Vote #NeverForget #Hardship #Poverty #MiddleClass #Reaganomics #Trickledown #AIPAC #HeritageFoundation #Project2025 #TaxChurches #Military
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Here's the whole story:
"*The clandestine logic behind "#Reaganomics"
"The Origin of #StudentDebt:*"
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(2/2)
Here's the whole story:
"*The clandestine logic behind "#Reaganomics"
"The Origin of #StudentDebt:*"
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(2/2)
Here's the whole story:
"*The clandestine logic behind "#Reaganomics"
"The Origin of #StudentDebt:*"
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(2/2)
Here's the whole story:
"*The clandestine logic behind "#Reaganomics"
"The Origin of #StudentDebt:*"
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(2/2)
Here's the whole story:
"*The clandestine logic behind "#Reaganomics"
"The Origin of #StudentDebt:*"
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They havent moved to the Centre
They moved to the right.We now have a right wing and an ultra right wing party.
There is no centrist or leftist party any more.
Even #Reaganomics would be seen as #socialism by the current #Democrats
THey spent the 20th century breaking communism, using the cover of "democracy" and freedom.
Now they are destroying centrism and freedom, revealing they were fascist all the time. -
They havent moved to the Centre
They moved to the right.We now have a right wing and an ultra right wing party.
There is no centrist or leftist party any more.
Even #Reaganomics would be seen as #socialism by the current #Democrats
THey spent the 20th century breaking communism, using the cover of "democracy" and freedom.
Now they are destroying centrism and freedom, revealing they were fascist all the time. -
They havent moved to the Centre
They moved to the right.We now have a right wing and an ultra right wing party.
There is no centrist or leftist party any more.
Even #Reaganomics would be seen as #socialism by the current #Democrats
THey spent the 20th century breaking communism, using the cover of "democracy" and freedom.
Now they are destroying centrism and freedom, revealing they were fascist all the time. -
They havent moved to the Centre
They moved to the right.We now have a right wing and an ultra right wing party.
There is no centrist or leftist party any more.
Even #Reaganomics would be seen as #socialism by the current #Democrats
THey spent the 20th century breaking communism, using the cover of "democracy" and freedom.
Now they are destroying centrism and freedom, revealing they were fascist all the time.
