Beyond that, voodoo economics has taken over the G.O.P. Supply-side voodoo — which claims that tax cuts pay for themselves and/or that any rise in taxes would lead to economic collapse — has been a powerful force within the G.O.P. ever since Ronald Reagan embraced the concept of the Laffer curve.
derided the policy as "supply-side voodoo," echoing criticism first made by George H. W. Bush.
But it's also the first fable -- supply-side voodoo economics -- that less taxes will beget more taxes.
As for small government, Reagan slashed top tax rates – capital gains tax down to 20% – in the name of "supply side" economics ("voodoo economics", George Bush senior called them) which would rescue the US from Carter's "malaise".
His voodoo supply side economics, derived from yet a third Randian, Milton Freidman, emboldened your very own boss or your competitor, or you, to ship American jobs to China.
(Bush, before joining Ronald Reagan's ticket, had once been pro-choice and called supply-side economics "voodoo economics").
It was the latest in a long and hideous pattern of employment woes, much of it resulting from the G.O.P.'s obsession with destructive supply-side economic voodoo.
The bad idea, advanced by Kemp with fanatical energy and devotion, was supply-side economics — "voodoo economics," as George H.W. Bush so famously and rightly derided it.
Reagan also scorned the traditional fiscal prudence of the GOP in favor of supply side economics and a tax cutting fervor that Bush famously labeled as "voodoo economics".
"Call it trickle-down, call it 'voodoo economics,' call it supply side.
