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Reply #87: I find it interesting how some wish to defend Reagan's "trickle on" economic disaster [View All]

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newspeak Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-02-10 10:38 AM
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87. I find it interesting how some wish to defend Reagan's "trickle on" economic disaster
Edited on Thu Sep-02-10 10:39 AM by newspeak
before Reagan taxes on the wealthy was at 66%-during Eisenhower it was 88%. But, some want to argue how Reagan's economic policies creates jobs--I have a list of once healthy American companies who were raped and pillaged by some of the most worthless pieces of shite and their generational workers left in the wind. Some of those companies were bought so many times, like Simplicity, I believe they finally were sold to a foreign enterprise.

I believe Eisenhower gave tax deductions to companies for innovation and hiring at home. But, anyone who believes giving tax breaks, like Reagans, to the wealthy, are in Lalaland. We can see today, the effects of Reagan's "voodoo economics." We have a disparity in wealth that has not been seen since before the great depression. There is no incentives for corporations to hire at home--they get their tax break and just send the money overseas.

Then, you have companies like XE and Halliburton who have government contracts, take our money, and move their headquarters to the ME. What I see is a bunch of greedy, sociopathic vampires draining us--our money goes into their pockets and yet, what we paid in for, Social Security may be put on the chopping block. For those of us who want to take care of our citizens, to rebuild our infrastructure--no, the priority is for war, the MIC and protecting corporations.

Little Boots was in office for eight years, and at the beginning passed tax cuts to the wealthy--he has the WORST job creation record since the great depression, so how does giving the wealthy more tax cuts help the poor and middle class? He had eight years with that excuse and he made it worse.
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