Wednesday, July 24, 2013

Evidence Is In -- Again -- GOP 'Trickledown' Economics a Failure


With all due respect, the GOP economic plan has been aided and abetted by a large number of Democrats over the years. Clinton and his pro-deregulation economic team killed Glass-Steagall and cut capital gains rates (rates which help pretty much only one small, tiny group at the tippy-top of the economic ladder) more than he raised marginal rates.


A quick internet search will show the austerity crusaders raise clinton to a god-like status because, in their words, clinton's tax cuts are what drove the boom in the 90s.


Clinton also opened the "free trade" flood gates with Mexico and helped turn China into the powerhouse of US-industrial job destruction that it is today.


And today, Obama is sooooo focused on getting his "bipartisanship" merit badge, that he buckles under to the republicans on every turn. For every issue he gets from them, they get nine notches in their guns. It's so lopsided it's almost like collusion. And Congress wanted no catfood commission - so Obama created it and appointed two trickledown austerians to lead it - who parlayed that position into headliner evangelists for austerity.

While the GOP has clearly earned our animosity, let's not forget to give a shout out to ALL those who have contributed so much to our economic mess and dysfunction.

Read the Article at HuffingtonPost

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