Reaganomics Vindicated!

This piece from The Onion takes the piss out of right-wing economics (“Reaganomics Finally Trickles Down To Area Man,” Issue 43-41, 13 October 2007). And they really realize the potential of the original idea. After the hook it reads like a John Updike novel in miniature.

HAZELWOOD, MO — Twenty-six years after Ronald Reagan first set his controversial fiscal policies into motion, the deceased president’s massive tax cuts for the ultrarich at last trickled all the way down to deliver their bounty, in the form of a $10 bonus, to Hazelwood, MO car-wash attendant Frank Kellener.

“Back when Reagan was in charge, I didn’t think much of him,” Kellener, 57, said, holding up two five-dollar bills nearly three decades in the making. “But who would have thought that in 2007 I’d have this extra $10 in my pocket? He may not have lived to see it, but I’m sure President Reagan is up in heaven smiling down on me right now.”

Leading economists say Kellener’s unexpected windfall provides the first irrefutable proof of the effectiveness of Reagan’s so-called supply-side economics, and shows that the former president had “incredible, far-reaching foresight.”

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