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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: i-node who wrote (511672)9/9/2009 4:11:06 PM
From: tejek  Read Replies (2) | Respond to of 1577896
 
>> Bush's tax cuts did not benefit the poor.

You're doing what most liberals do on this subject -- conflating unrelated, or at least irrelevant, topics.

Did the rich get richer? Yes. But that in no way implies the poor didn't.


On the contrary, under Bush, the rich got richer and controlled more of the country's national resources than they did under Clinton. That was a continuation of a trend that started back in the 1970s and only stopped temporarily under Clinton. Study after study showed that the Bush recovery was less successful than prior recoveries in the number of new jobs and the number of better paying jobs that were produced. And there is no true connection between what recovery we did experience and the tax cuts Bush provided to the rich. In fact, job creation didn't start until well after the tax cuts were given to the rich and most economists believe it was a giveaway to benefit Bush's friends.

In fact, while the rich have gotten richer over the last 30 years, the poor have gotten richer still. For example, from tinyurl.com;

BS. These things you point out would have happened with or without tax cuts. People are better off because of productivity gains which allowed for higher incomes and the mass production of 'things' particularly in countries with a lower standard of living which lowered the cost of those 'things' to the average American consumer. Nonetheless, from the 1970s until now, a larger and larger percentage of America's resources have come under the control of a smaller and smaller percentage of the nation's population. The truth is I knew that in the early 1990s...LA's extreme left were complaining about it all the way back then. Its amazes me that it took ten years before the mainstream population was informed of this gross injustice.

And here you are still trying to defend such BS. I hope for your sake you are rich....either that, or your soul needs a serious wakeup call.