Political Quotes

“During the Republican Presidential Primaries of 1980, George Bush, Sr. referred to Ronald Reagan's proposed economic policy as "voodoo economics." At the time, the economy was in the throws of a recession with a stubborn 5 to 6 percent unemployment rate; and millions of Americans were out of work. Predicated on the ludicrous dogma of "supply side economics"--which has since been thoroughly discredited--President Reagan's job-creation policy entailed a massive tax cut overwhelmingly benefitting the wealthy; and the effect were to purportedly "trickle down" to the unemployed. His tax-cut was not successful in creating new jobs, but in creating massive budget deficits and an appalling gap between the rich and the poor. Fast forward 23 years, and it seems that our current President should heed the advice of his father. For once again the Republicans have responded to our recession and high unemployment rate with voodoo economics. Once again, their magic elixir is an indefensible, obscene tax cut for millionaires that will provide negligible relief for the working class and will have minimal impact on job creation.”