Ronald Reagan Testimony Part 15: Iran-Contra Affair / Poindexter Trial (1990)

Reagan's policies proposed that economic growth would occur when the marginal tax rates were low enough to spur investment, which would then lead to more economic growth, higher employment and wages. Critics called this "trickle-down economics", the belief that fiscal measures that the rich will create a down "trickle" effect to benefit the poor. Questions raised as to whether Reagan's policies benefited the rich more than those living in poverty, and many poor citizens and minority rights so farReagan as indifferent to their struggles. After his less government intervention views, Reagan cut the budget for non-military programs, including Medicaid, food stamps, federal and educational programs at the EPA. He protected the right programs such as Social Security and Medicare, but his government tries to clean many people with disabilities from the alleged Social Security disability rolls. The administration's attitude towards the Savings and Loan industry contributed toSavings and Loan crisis. It is also suggested by a minority of Reaganomics critics, that the policies partially influenced the stock market crash of 1987, but there is no consensus on a single source for the crash. To cover the newly released federal budget deficits, the United States borrowed heavily both domestically and abroad, increasing the national debt of $ 700 billion U.S. dollars on three trillionth Reagan described the new debt as the "biggest disappointment" of his presidency. Hereappointed ...



http://www.youtube.com/watch?v=aeT616tpYoE&hl=en

Recommend : dvd monitor call telephone education consolidation loan clinic cosmetic