cc...im very tired...need exra sleep..
let me start with an excerpt from the last page of the h.w. brands biography of Reagan.
.....of the two goals he set for himself - shrinking government and defeating communism - he accomplished half of the first and all the second. he cut taxes and regulations but failed to cut spending; the result was the doubling of the federal debt............
from the page before regarding timing......
Reagan's moment in power overlapped with the moments of two men who were crucial to his success. Paul Volker was Jimmy Carter's gift to Reagan; it was Volcker who squeezed the inflationary expectations out of the economy and put it on the path to solid growth. And he did so at just the right time for Reagan. if Volcker had taken charge of the fed two years earlier ( for carter )the economy might have improved sufficiently that Carter and not Reagan would have been elected in 1980. if Volcker had arrived two years later, the recession that routed the republicans from office in the 1982 elections could have swept Reagan from office in 1984.
morale - trickle down is a type of short term stimulus to be used only in dire circumstances.....down the road the economy will get severe diabetes and heart problems and end up maybe on life support.....and if it aint broke dont fix it..........and you cant even get away with trickle down short term without inheriting a stable or improving economy......if it aint broke dont turn into a bull in a china shop..