Main stream media, with their moronic take on commentary by Hillary, perpetuate a long time myth that trickle down, or supply side at Reagan liked to call it, is how America will prosper. Nothing but nothing could be farther from the truth. It created the great depression of the 30s, it created the great recession of the 80s and it created yet another great recession of the Bush administration. It doesnt work because the top 1% got greedy and continue to be greedy. It doesnt trickle down no matter what you call it. Tax cuts for the rich only make the rich richer. Legislation allowing corporations to move their assets to foreign countries doesnt work. It takes even more from the tax base. Legislation allowing corporation to build in foreign lands doesnt work. It puts Americans out of work. This is what supply side economics does to the American economy.
Posted on: Mon, 27 Oct 2014 14:35:42 +0000
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