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Thirty years of supply-side economics has put us into a depression. [View All]

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kentuck Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-13-11 01:42 PM
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Thirty years of supply-side economics has put us into a depression.
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They never balanced the budget. They never created the jobs they promised. They never intended to.

They wanted to put the country so far into debt that they could break the back of the socialist government created under FDR and LBJ. They wanted to make it impossible to spend on anything except servicing the debt. They wanted to destroy government. They wanted to drown it in a bathtub.

After thirty years, they have succeeded beyond their wildest dreams. Not only have they broken the back of government spending on social programs, they have also broken the back of labor and the middle class. Workers now beg for jobs that pay half of what they used to make. Who is this good for? Certainly not the workers.

Democrats need to recognize the gravity of what we are facing. We cannot operate on the same politics and policies of the past. It is a new paradigm. We, the People, are being attacked by the corporatist supply-siders in their quest to control all the wealth in this country.

Many Democrats like to call it the "Bush Depression" but it started 20 years before George W Bush. However, it was Dubya Bush that put the final nail in the coffin. We are in deep decline that will take many years and a different political strategy to free ourselves from their yoke.

If we are to make any progress, we must first identify the reality of the situation. These are not normal times and this is not a normal "recession". It requires new thinking and new leadership. Otherwise, we will be treading water for many years to come. It is time to face the truth.
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