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The failure of an economics process developed by Ronald Reagen.

Reaganomics is a conservative economic process, in which the rich are given tax cuts. The hope is that businesses and the like will spend the money, passing the savings on to the poor. However, in it's history, Reaganomics has yet to do anything but fail, lining the pockets of the rich, and leaving the poor in even more poverty. The proof of this? Ask any Economics 101 teacher.