"Trickle down economics".
In the 1980s, broadly-accepted economic theory supported the idea that the Federal government could stimulate economic growth directly by increased spending and indirectly by a monetary policy aimed to reduce interest rates and thus, encourage increased private investment.
President Reagan wanted to add tax incentives to the list. He advocated a stimulation package of which the primary component was tax reductions that primarily benefited the wealthy.
What about the middle class and lower class, occupied by workers?
Reagan's economic advisers relied on economic theory to explain that lower income individuals would eventually benefit from incentives: The wealthy would spend the money saved on taxes on private goods and services. This increased demand would lead to new jobs and to increased income to the working class, .... eventually.
Thus, Reagan's opponents termed his policies to be "trickle down economics." Give money to the rich and the poor would eventually benefit by the ripples of their spending.
Reagan
No, Ronald Reagan did not directly say "Greed is good." This phrase is commonly attributed to the character Gordon Gekko in the movie Wall Street, not to Ronald Reagan himself. Reagan did, however, advocate for limited government intervention in the economy and embraced free-market capitalism.
Critics during Reagan's first six years as president
No, that was one of Ronald Reagan's nicknames.
Through a screen test
Ronald Reagan
The attempted assasination of President Reagan, his wounding and that of his press secretary, James Brady. The restriction were proposed by a law referred to as the Brady Bill.
Ronald Reagan.
The Strategic Defense Initiative, referred to by opponents as Star Wars, was Ronald Reagan's recommendation.
Ronald Reagan
You may be able to reach her through the Reagan Library The Ronald Reagan Presidential Library and Museum (Presidential Library) 40 Presidential Drive Simi Valley, CA 93065 USA Phone: (805) 522-2977
mr.watergate lol Dude, Watergate was Nixon. Get your facts straight. Reagan's most well-known nicknames were Dutch, Gipper, and The Great Communicator.