Sunday, August 14, 2011

Why the left should LIKE trickle down economics

I heard it again and it drives me crazy. Debbie Wasserman Shultz, DNC Chair, was blaming the economy on George W. Bush again, talking about the "failed economic policies" of the Bush administration. May I ask, exactly WHAT policies are you talking about Ms. Chairwoman?

The policies that lead to 54 straight months of economic growth AFTER 9/11?

The lower tax policies that saw revenue GROW from 995 billion dollars a year to 1.445 trillion dollars a year?

How about the policies that saw the average unemployment at 5.7% with the lowest being 5%, which many economist consider to be full employment.

In fact, if you wanna play politics, the economy was humming along great until the Dems took over in 2006, and started controlling things like banking and budgets.

GW isn't blameless. He approved bloating budgets and "abandoned free market principles to save the free market." (I never did inderstand that one). Fannie May and Freddie Mac pressured banks to give loans to people who shouldn't have them. And while GW called for reforming them 17 times, Barney (I break wind on live TV) Franks and Chris Dodd fought refoming them. (They were also the ones who supposedly "Fixed" them afterwards. We just sent Freddie and Fannie another 100 billion in bailout dollars. Good Job you guys!)

But politics aside, a fact that I would think the left would embrace would be the fact that lower taxes ALWAYS increases revenues. It did under JFK, Reagan and GW Bush. And while raising taxes does increase revenue, it is only a short lived increase and then revenues become flat and start to fall.

So if lowering taxes increases revenue, that means more money to spend on kids, old people, and other projects that the left "claims" conservatives are against.

So, get on the lower taxes bandwagon all you folks on the left. Or is there some other reason you want to tax the "Rich" more?

Just remember this, when the rich end up not having enough money to fund all the stuff, the government will keep dropping the bar for what it considers rich, and eventually they will come for your wealth.

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