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- #41
Where did it work? How about after the 2001 Clinton recession,when the economy was back on track in 18 months? Compare that to the Obama stimulus where we still haven't seen much growth. Under Bush the UE rate was about5% on average. Under Obama it's been over 8 1/2 every day of his term.For example, tax breaks for the rich means that there will be more private investment capital available which will foster economic growth and more jobs, so by benefiting the rich, everyone benefits.
Where has that worked? The Bush tax cuts have been in place for over a decade and we saw some of the worst job losses in our country's history as a result. What were the tax policies in this country when it had it's most thriving middle class?
Face it. If 'trickle down' was a viable basis for economic policy making, Bush II would have been able to afford his wars.
Undoubtedly, he was probably counting on that, and reality on the ground shoved it straight up his ass. The first decade of the 21st century is all the proof history needs to debunk 'Trickle Down' as a policy thesis that government can use to create jobs.
Fair and simple taxes for all, public budgets that are balanced by law, transparency in all things politics and then build an economy that your kids can drive to the stars.
Rocket Science.
Or is it?