No, Doug, I get my information from personal experience. Maybe you weren't around in the early 80's, but who ever was running Ronald Reagan introduced what they called "supply side economics," and the result of this was the most devastating economic collapse the country had seen since The Great Depression. It combind high interest rates with tax cuts for the very wealthy. It also imposed much higher employment taxes, that drove many small business--of which I was one--into the toilet.
          The real devastation of the Reagan folly didn't take full effect until the dumb bastard introduced his first budget to Congress. He campaigned on a promise to balance the budget, but it soon became clear that he intended to ignore that promise altogether for the purpose of rewarding his defense related buddies.

          He didn't bring you the "General Electric Theater" all those years ago for nothing.

             A little investigation into the current economic problems will show you that things have not yet sunk to the levels of the disaster of the Reagan Administration.