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In reply to the discussion: Report: Bush Tax Cuts Gutted Americans' Incomes 6.6 Trillion Dollars [View all]I hate to be the bad guy here, but this "report" makes no economic sense.
Bush's tax cuts starved the U.S. Treasury. They increased the deficit. They gave politicians cover for their attempts to cut social net programs.
But they did not contribute to the lowering of average Americans' incomes. If anything, they would have been mildly stimulative to the economy; not worth the cost in foregone tax revenue, but mildly stimulative nonetheless.
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Then there's the bank bailouts which totaled the value of all of the real estate in the country.
Spitfire of ATJ
Jul 2014
#3
It was a test to see if the government would pick Capitalism over the will of the People.
Spitfire of ATJ
Jul 2014
#21
And yet at the next GOP presidential debates, you know the trickle down theory will still be alive
aint_no_life_nowhere
Jul 2014
#6
It's probably because of all the money hoarded by the 1%. If that money was
A Simple Game
Jul 2014
#11