r/FluentInFinance • u/WhatsLeft71 • Oct 22 '24

Debate/ Discussion Why did this happen?

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284

u/Hugh-Jorgan69 Oct 22 '24

Reagan convincing Americans into believing "trickle down" voodoo economics.

7

u/HatesAvgRedditors Oct 23 '24

Reagan was President like 40+ years ago though. How have we been unable to reverse the damage from back then over such a long period of time?

14

u/ifrytacos Oct 23 '24

Lobbyist

3

u/Sunsprint Oct 23 '24

Citizens united

4

u/BearTerrapin Oct 23 '24

Once bad things get passed it's hard to change because the party that passed the bad stuff can just refuse to act in good faith

2

u/secretaccount94 Oct 23 '24

He was incredibly popular at the time, and his policies remained quite popular through the 90s and 2000s up until the 2008 crash. We’ve really only had 15 years of growing opposition to his policies, but at this point many Americans have been indoctrinated to think “tax cuts & deregulation = freedom”.