Even the inventor of supply side economics, Ludwig von Mises, admitted it was a scam before he died but it is still a conservative  mantra.  As we have seen it is indeed a scam – the wealthy don’t create jobs – customers create jobs.  The chart below via David Frium shows us why there is no recovery.

George HW Bush was right before he was wrong – Reaganomics is “Voodoo Economics”.  No matter how many tax cuts you give the rich and corporations they are not going to create any jobs if the customers have no money to buy the stuff they make. Voodoo Economics indeed.

via TPM