What is Voodoo Economics?
1.
Ronald Alzheimer Reagan's "supply-side economics"
The only recorded instance of a true statement made by a member of the Bush dynasty was in 1980, when George H.W. Bush attacked Reagan's snake-oil economic disaster in the making by calling it "voodoo economics." He later ate those words when he became vice-president, began kissing up to reactionaries, and discovered how lucrative deregulation of the S&L's was to embezzlers like his sons Neil and Jeb.
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A situation in which a party is promised a specific result in a situation by another party, and the result fails to occur. In those circ..
