Sat Jul 28, 2012, 10:53 PM
applegrove (61,576 posts)
"The Nakedness of Their Greed" by Richard Eskow at the Huffington Post
The Nakedness of Their Greed
by Richard Eskow at the Huffington Post
Okay. So we know that the entire "stimulus spending through the tax code" argument is a phony, a fake, a rhetorical dodge that's an insult to voters' intelligence. We also know that justification for it has repeatedly been disproven, in the most ruthless and accurate court of economic judgment known to humanity: reality.
You don't neede a lot of econometric modeling to prove it, either All it takes is one simple question: We've had these cuts for ten years, so where are the jobs?
Joshua Picker notes that "during the economic cycle that began in March 2001 and ended in December of 2007 --which almost exactly coincides with the Bush presidency and the implementation of the Bush tax cuts ... registered the weakest jobs and income growth in the post-war period."
Tax cuts on the wealthy didn't create any jobs -- not before the financial crisis brought on by deregulation, and certainly not since. The Republicans, like the Democrats, are proposing "stimulus spending through the tax code." They're just proposing the kind that doesn't work.
There are only two types of people in the world: those who think there are only two types of people, and those who don't.
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"The Nakedness of Their Greed" by Richard Eskow at the Huffington Post (Original post)
Response to dkf (Reply #3)
Sun Jul 29, 2012, 10:59 AM
polichick (32,965 posts)
4. Bush's tax breaks weren't meant to create jobs...
They were meant to redistribute wealth - so yes, they "worked" as planned.
Had the breaks gone only to the middle class and poor, they would have had some impact on jobs without bleeding the country dry.
Give peace a chance...
Response to applegrove (Original post)
Sun Jul 29, 2012, 11:35 AM
90-percent (5,063 posts)
5. Ezra subbing for Rachel
was all over this later in the week. some nyt reporter nutshelled it with a lot of graphs about job creation and general prosperity for the last 50 years and the GWB years were abysmal by most measures of what shared prosperity should be. blows up the republicans are good for the economy myths.
good stuff. i hope somebody finds and posts.
"The biggest threat to America today is it’s own federal government….Will the Army protect anybody from the FBI? The IRS? The CIA? The Republican Party? The Democratic Party?....The biggest dangers we face today don’t even need to sneak past our billion dollar defense system….they issue the contracts for them.”-Frank Zappa in an unpublished interview for the Army