Jobless benefits do more spurs more recovery than tax breaks for the rich

[mookiemookie]

Originally Posted by Bubblehead1980

The economy turned around under Reagan in the 80's who was a big proponent of supply side aka trickle down, it worked, pretty well.

How did it work pretty well when the poverty rate increased and middle income wages were only marginally higher at the end of the 80's than they were in the start of the decade? Where did the trickle go? Why did productivity stagnate in the 1980s? Does Volcker's handling of inflation not get any credit? Why is there very little correlation (0.03 correlation coefficient) between tax rate cuts and GDP growth when you examine the data points from 1982 to 2001?

Correlation is not causation. Until you can answer those questions, then claiming Reagan's tax cuts caused the economic recovery in the 1980s without examining other factors at work makes you nothing more than a partisan political hack. But then again, we already knew that.