Voodoo Economics Edit Meaning

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.

See bush, snake oil, deregulation, greed, fraud