Posts Tagged Ronald Reagan

Robert Creamer: New Economic Data Shows that Right Wing Economic Theory Is Simply Wrong.

Robert Creamer: New Economic Data Shows that Right Wing Economic Theory Is Simply Wrong.

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Even as Republicans blather on about the evils of a so-called “government takeover of health care,” economic news has provided two new key illustrations that the intellectual foundation of right-wing economic orthodoxy has collapsed.

First, the most recent economic numbers on changes in Gross Domestic Product (GDP) and employment made it increasingly clear that — as The New York Times reported last Saturday — the Obama economic stimulus and the massive government intervention in the financial markets

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