Thursday, September 29, 2011

Fail: GOP primary candidates believe in ‘trickle down’ economics

I call them Voodoo Economics, but the current crop of GOP presidential hopefuls believe in trickle down economics because St. Ronnie Regan endorsed them.

I’ll tell you about the results of Reagan’s rape of the middle class. Look at the chart below:

This chart clearly illustrates the massive failure that “trickle down economics” has been for the “other 99%.”

When Ronald Reagan cut taxes for the rich as President in the 1980s he claimed that the extra money going to the rich would “trickle down” from the rich down to everyone else.

Obviously that has not worked out. It’s time to try something else. How about what worked so well from 1947-1979? Higher taxes on the rich, more unions, & reasonable regulations that protect consumers. We need an economy that will work for everyone, not just the richest 1%.

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