George Bush authored the largest tax cuts since the Robber Barron days and he presided over the lowest job growth in modern presidential history. There is no evidence for the connection between tax cuts and job growth. The only thing that fuels job growth is demand, and that isn't stimulated by giving tax breaks to the Hedge fund crowd. America has been hemorrhaging jobs since 1973. The only people who don't know this live inside a hermetically sealed right wing bubble -- a bubble where Osama is Saddam and Jesus road a dinosaur.
The American voter is so gullible. Didn't anyone notice Reagan's sleight of hand? In 1980 he said that if we stopped investing in the middle class and let more wealth concentrate on top, than jobs and benefits would trickle down. The opposite happened. While he was strategically distracting us with hysteria over the Evil Empire, jobs trickled to Asia and India ... and middle class benefits got slashed in favor of higher profits. In the 70s Americans went to bed with high wages, medical and retirement benefits, cheap education, affordable housing, and a low cost of living . . . and they woke up in a sea of no-benefit temp jobs, unaffordable education, and price-fixed monopolies in health insurance and energy. Of course, they were handed credit cards so they could send high interest payments upward as they traveled into bankruptcy and foreclosure. Apparently, the postwar years -- when New Deal progressivism was at its peak and America enjoyed its greatest economic growth -- was a socialist nightmare. I called my dad last night to tell him that the massive house, long vacations, stay at home mom, and incredible living standards of my youth was all a hoax: it didn't really exist. It was an FDR plot. Indeed, I told him the government who defeated the Nazis & put a man on the moon and sent his father to college couldn't run a laundromat.
AND NOW . . . the very crooks George and Barry bailed out, the very people who have enjoyed truly outsized benefits over the last 30 years - you know who I'm talking about, the derivative and hedge fund ponzi kings, the people whose pets have better health care than poor wage workers . . .these people are getting a 7 trillion dollar loaner from our grand children. As if giving a billionaire a little more money is going to make him finally rush down to the mall and buy some sneakers.
(point is, that money will never reach the real economy. It will just get pumped into Washington and the media so they can keep the heist going)
The only way to stimulate demand is to put money in the hands of the middle class -- the very people whose consumption drove the economy for the last 70 years. Americans just voted for people who are going to end Social Security and Medicare, that is, they just voted to get rid of the last vestiges of the middle class.
America got punk'd by a "B" rate actor and Slick BJ perv from Arkansas. One more terrorist attack, and the Republicans will be able to complete their transformation. We will become a 3rd world nation with a small group of wealthy people barricaded in self-sufficient, hyper secure compounds of luxury. Welcome to Dubai - Neoliberal Utopia.
You people don't know what you are voting for.