Cliff Lyon“Trickle Down” Dried Up Hack Economic Theory
“Trickle down”, the linchpin of Reaganomics, never had a basis in economic theory. It was, and still is a trick to lull us into complacency so Repulicans can further consolidate wealth (read power) into fewer hands.
In fact, “trickle down” worked so badly under Reagan, he was forced to raise taxes on the middle class to record levels while at the same time deregulating everything in site as fast as possible under an equally corrupt economic concept I call unrestrained greed.
So here we are again, six years into another attempt to fleece the middle class with the blessing of just under 50%(Bush has never won the popular vote) and we have unmistakable proof; TRICKLE DOWN IS JUST A GIANT LIE!
New York Times, 2005 Incomes, on Average, Still Below 2000 Peak, August 22 2007
Total income listed on tax returns grew every year after World War II, with a single one-year exception, until 2001, making the five-year period of lower average incomes and four years of lower total incomes a new experience for the majority of Americans born since 1945.
The fact that average incomes remained lower in 2005 than five years earlier helps explain why so many Americans report feeling economic stress despite overall growth in the economy. Many Americans are also paying a larger share of their health care costs and have had their retirement benefits reduced, adding to their out-of-pocket costs.
The White House noted that during the same five years, income tax rates have been cut under a series of laws sponsored by President Bush. Mr. Bush has delivered a steady stream of upbeat assessments of the economy, saying last fall, for example, “I’m pleased with the economic progress we’re making.
And the final paragraph…
…tax savings at the top, combined with lower average incomes after five years, “shows that trickle down doesn’t work.â€
August 22nd, 2007 at 12:11 pm
Well, DUH!!!
and people would give the reigns of power over to a party that allowed this all to happen, with barely a whisper in real terms, and is in fact complicit, those that do nothing while knowing being as guilty as the perps.
Let’s face it, we’ve all been had. How else is it that you can explain there being more millionaires in clintons’ cabinet than the current bush admin? As I believe and have explained before, they are all on the same team, just that one side appeals to the brainwashed on the left the other to the vegetative right. Meanwhile, they are all rich bastards that have an ever pressing need for lots and lots of little people to die off. If not, a good old fashioned war might do the trick. It could well explain why the dems have been along for the ride since day one of this admin. Ya think?
Kerry and bush are frat bros, of the same club. Good cop, bad cop, or in fact in the end, NO COPS, instead troops in our streets! Martial law won’t be a Marshall Matt Dillon(Gunsmoke) affair for the NWO.
“Don’t invest in the truth, there’s no money in it”. George Herbert Walker daddy bush.
August 23rd, 2007 at 9:24 pm
The government health care debacle is the greatest crisis facing America. This is, as you say, one of the reasons that Americans’ pocketbooks feel empty. It is the biggest reason.
If we are to solve this emerging economic time bomb, we have got to get the Federal Government out of the health care business.