General Discussion
In reply to the discussion: the lies of David W, Corn [View all]hfojvt
(37,573 posts)What REALLY happened to the boy who said the emperor had no clothes?
What is really insanely stupid is Obama's embrace of Reaganomics.
What are the principles of Reaganomics?
1. that tax cuts are good. - check out Obama's first state of the union, where he brags about cutting taxes. Witness his stubborn insistence that all income below $250,000 should keep their Bush tax cuts.
2. that tax cuts should mainly help the wealthy (although nobody should ever admit that, just call them "middle class tax cuts" - Obama supports keeping 78% of the Bush tax cuts. That plan gives $163 billion to the top 20% and only $14 billion to the bottom 20% http://www.democraticunderground.com/10021880321
3. that tax cuts create jobs and stimulate the economy - remember Obama's big "jobs plan"? What was it? A big, big part of it, the only part he actually fought for, was (drumroll -----) payroll tax cuts. http://journals.democraticunderground.com/hfojvt/160
4. that tax increases (but also deficits) will kill the economy -Obama seems to be spreading the hype about both the fiscal cliff and the deficit.