Why? Republicans push tax cuts—particularly tax cuts that favor wealthy people and large corporations. Reagan, George W. Bush, and Trump all embraced this economic approach. It doesn’t work to stimulate the overall economy.
In fact, the U.S. has been victim to an epidemic of economic downturns under Republican presidents in the last four-plus decades.
The GOP’s approach has been to hand out tax cuts to really rich people in the hopes that their savings will “trickle down” to the rest of the economy. But studies
have clearly shown that trickle-down economics does not work.
But if Republicans admit this and concede that the Democratic approach of focusing on middle-class needs has worked (as the data shows), they would have to give up on doling out tax cuts and shrinking the government.
Two key pieces of economic data released in recent days are clear warning signs for the U.S. economy under President Donald Trump. First, the Bureau of Economic Analysis revealed on Wednesday that ...
www.dailykos.com
It finally looks like Republican voters are starting to get it, and by the looks of the townhall events, the great tax cut scams are in big trouble. Can't fool all of the people, all of the time.
"So bad at the economy" bleeds yeah, come and hear my opinion. There was no need to read more, we've heard it all before, it's all BS, and shame on "scholars" who write such BS.
I find it highly ironic the Democracks protest no Kings, while all the same suggest a POTUS controls capital and improvements, only to double down on dumb, because they don't acknowledge congress nor understand what they're responsible for. They can't even handle history much less cause and effect.....Just on top of my head.
Democrats HEAVILY controlled both houses during the "oil crisis", which is another way of saying our economy was fucked for so many years, and it didn't stop with Carter did it?
Way to go Bill Clinton, with a Republican controlled Congress and Senate. You dumb shits, this was primarily the result of internet and tech > greatly expanded trade, with primarily Chinese > "Reaganomics".
Bush's housing crisis. I guess we'll just disregard the fact Congress ignored even Bush's warnings. We need to disregard the fact the bottom was on Obama's watch with a Democrat controlled Congress and Senate too, and the fact recovery was slow and unremarkable, I have ideas why but I don't wanna' confuse a liberal, they'll start screaming.
Trump got us the COVID, with a Democracked controlled Congress BTW. We need to ignore the GDP increased 33% Trump's last Qtr., before he was to be replaced by Biden. Gee, I guess Trump must be awesome then. KING TRUMP!, KING TRUMP!, LIBERALS ARE DUMB AS TREE STUMPS.
While Trump's GDP increased drastically, I think that's called a recovery, just don't ask a liberal, they're kind of fucked that way. Biden's 2021 saw moderate recovery, I think that's what happens with a recovery, when covid restrictions are removed too, but don't ask a liberal, they're kind of fucked that way.