Farce and lies of the supply-side economic "theory", which was developed in 1970s, found its first implementation in the "Economic Recovery Tax Act of 1981"./1993
In 1991/1993 IBM corporate culture of "no-layoffs" policy, generous benefits programs for employees and a "credo of respect to individual", all of which were cornerstone of company success from 1924, was crushed and by the end of 1993 IBM had a mass layoff of 60,000, the largest corporate layoff in American history, event which didn't meet much attention from New America.
1996 Welfare reform was so spectacularly symbolic that The Wall Street Journal editorial review called it "historic" change from the principle of welfare as a public responsibility into the personal responsibility.
Two parallel undertakings were advanced by conservative thinkers for decades: promoting the notion of the value of "job-and-wealth-creators" as indispensable force to accelerate well-being of society and the concept of any social programs as "entitlements": "giveaways" which are not really earned.
This slippery slope of deceit, intellectual dishonesty and ignorance brought this country, at last, to the shameful and disastrous result of election of 45th President of the United States of America.
Such developments were mightily enhanced in the last decades by the Power of Modern Technology.
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