LeftofLeft
Diamond Member
- Oct 18, 2011
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Yep. He also said a rising tide raises all ships. Liberals ignore this because it is the basis for supply side, or, what the modern day liberal refers to as "trickle down". Back to Kennedy, Liberals would refer to the "riding tide raising all ships" economic policy as a failure because there would be a delta in the size of the ships.....essentially, "the income gap". When the economy is booming and everyone's income is going up as well as their take home pay, Liberals double down on "income inequality" as a problem.
When has an economic policy rooted in class envy ( income redistribution) ever led to economic prosperity?
JFK said "A rising tide lifts all boats"
He didn't realize Republicans would figure out a way so that the rising tide only lifts the yachts
What you are describing is a socialist economy with a true 1 percent locked in. Reagan and Bush II rose the economic tide with their policies. Universal Home ownership was a worthwhile cause but the Democrats felt that financial controls and rules on loan limits was either "not fair" or "racist" that while many buyers could qualify for a $250,000 house, not all of those buyers could qualify for a $500,000 house.
Reagan and Bush sold us on the idea that if we took care of the yachts, all the other boats would naturally just do better
So, all the money went to the yachts and they got bigger and fancier
Meanwhile, the other boats struggled to stay afloat
Perhaps if Obama and the Democrats would let the non-yachts keep the level of fuel (i.e. take home pay) that Reagan and Bush did other boats would do more than just float.
The problem for working Americans is that their take home pay has not increased in spite of the economy adding $50 trillion in wealth in the last eight years
That is the largest rise in the tide in history and none of the smaller boats benefitted from it
Define wealth.