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Posted by Brigid Daly on September 06, 19104 at 19:10:44:
In Reply to: Re: Reganomics posted by Mike Emmons on October 13, 19103 at 18:18:27:
: : Hello,
: : I am doing a report on ronald reagan, and i cant find info on "reaganomics", can someone please tell me how it was brought to be, and why it was called by this name?
: : thnak you
: Dear Writer,
: I also am doing an essay or report on the economic system of Ronald Regan; Reganomics. When Ronald Regan took office November 4th, 1980, he said that the country did not have enough greed or ambitions. So Ronald Regan introduced a new economic system called Trickle Down Economics, Reganomics. This economic system was essentually created to make people want to succeed. This system would give more money to the upper cl in hopes that they will have too much and the rest would "trickle down" to the middle and low cl Americans (EX: If you have your hands cupped and I start to poor change into them, eventually the money will fall out and "tricle down" to your workers or fellow citizens). The money never trickled down to the low-mid level American's, it just made the rich; richer. As you can see I am not a huge fan of Trickle Down Economics, Reganomics, because it is depleating the middle cl and creating a society of rich and poor,with no virtue, or middle cl. I hope this answers your question. If you have any other questions please send me an E-mail, and I will answer it to the best of my knowledge.
: ~Good Luck
: -Michael J.