It’s the economy, stupid.

Journal

If this next election will be all about the economy, I thought it was time I read something about it. Economics was not a required class when I went to school (though I hear it is today), so I had a lot of catching up to do. Unfortunately, the subject is so dull that I couldn’t stay awake long enough to learn very much. I did notice that I am not alone, however, it seems the majority of Americans are fairly ignorant of some of the basics too. So much so, in fact that Bush and friends have been able to repeat the mantra of supply-side economics (aka “trickle-down economics”, “reaganomics”, and Voodoo economics) as the answer to all our fiscal woes, and not be laughed off the political stage. When I was younger, I remember the same promises being made by Reagan and his cronies, only to find that it didn’t work! The huge deficits of the Reagan era were then explained as a “tactic” that Reagan used to bankrupt the Ruskies. Oh that wily Gipper!

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