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The End of the Reagan Era?

IB4 Wrote: Jan 22, 2013 10:46 PM
The theory iknown as supply side economics, or Reaganomics, where if you give the wealthy tax breaks, they will turn their added income into jobs. The problem the "trickle down" theory is that the majority of those receiving tax breaks aren't creating jobs. Those that do create jobs, use the loopholes in free trade and the free market system and ship jobs overseas to other countries. It makes sense for them as a business because any time you can pay labor less your own profits will rise. If a business is able to pay a worker in China .30/hr compared to a living or even minimum wage in the United States, they will do so to increase their profit margin. While the business and their executives make a tremendous amount of money, it hurts the

Editor’s note: A longer version of this article first appeared at American Spectator.

With Barack Obama’s second inauguration, liberals are touting an altogether new epoch: the end of the Reagan era.

Unfortunately, I believe they are largely correct. We are witnessing a period of left-wing ascendance, marked by gay marriage, forced taxpayer funding of abortion, an exploding government class, and