The idea was that lower taxes meant more people would spend and create an economic growth as well as having a higher tax revenue. Carpenter was able to capture the consumerism aspect in his film once the protagonist was able to see hidden, subliminal messages in advertisements. Carpenter shared the distrust of this era like many others as well as questioning the Republican agenda. The tax cuts quickly became questionable as alongside them came a deficit. It was reported that more than 170 billion in 1984 the deficit was nearly triple the level of any other administration (1). Also, Democratic nominee Mondale warned that the deficit would cause high interest rates, collapse the dollar, and cause a severe recession (1). The economic theory of Reagan’s administration was upheld due to its robust growth that economists promised
The idea was that lower taxes meant more people would spend and create an economic growth as well as having a higher tax revenue. Carpenter was able to capture the consumerism aspect in his film once the protagonist was able to see hidden, subliminal messages in advertisements. Carpenter shared the distrust of this era like many others as well as questioning the Republican agenda. The tax cuts quickly became questionable as alongside them came a deficit. It was reported that more than 170 billion in 1984 the deficit was nearly triple the level of any other administration (1). Also, Democratic nominee Mondale warned that the deficit would cause high interest rates, collapse the dollar, and cause a severe recession (1). The economic theory of Reagan’s administration was upheld due to its robust growth that economists promised