William Greider Quotes
The supply-side theory was not a new economic theory at all but only new language and argument to conceal a hoary old Republican doctrine: give the tax cuts to the top brackets, the wealthiest individuals and largest enterprises, and let the good effects 'trickle down' through the economy to reach everyone else.
Supply Side Economics was a new name for a long popular conservative economic theory advocated by Ronald Reagan and the Republicans. After the nation’s general experience (all but the wealthy) did not profit from the doctrine, the name “supply side” was dropped but the same ideology was brought back by George W, Bush with disastrous results. The middle class eroded and the Great Recession was produced. In the 2012 Presidential election Republican Mitt Romney, a wealthy businessman who had personally profited from the ideology in the past advocated the same ideology be adopted nationally again.
William Greider, Journalist & Editor, "The Education of David Stockman", The Atlantic Monthly, December 1981
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“it” was the then conservative Republican notion of providing tax cuts and other benefits to the wealthy.
William Harold Greider was an American journalist and author who wrote primarily about economics.