Facts is Facts: Supply Side Economics Has Been an Epic Failure
Sometimes there isn’t a mountaintop high enough to shout out the obvious: SUPPLY-SIDE ECONOMICS HAS BEEN AN UNMITIGATED DISASTER! Period, end of discussion.
The facts are as clear as the nose on your face. Not only has this bastard-child of an economic scheme been responsible for the bulk of the U.S. debt over the last three decades, which the vaunted defenders of the faith fail to even acknowledge, it has been responsible for the biggest upward redistribution of wealth in this country since the 1800s – the time of the great land barons.
Just take a gander at the data from the chart above. Read it and weep. It’s easy to understand how Republicans can continue to sell a failed and morally bankrupt economic philosophy to the American public; it’s all they have left. What still befuddles the mind is how the American public keeps on buying it.
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Author: Peter Fegan
I'm a pragmatic progressive. Lover of music and passionate about certain issues. Guess which ones! My basic core philosophy comes down to this: If I can get 60% to 70% of what I want, I'll take it. The reason? Simple: A little bit of something is better than a whole lot of nothing. I desire open and honest debate, but am contemptuous of intellectual mediocrity being passed off as populism. If my foot doctor does a lousy job on my foot, I find another foot doctor, I don't go to my mechanic and ask him his opinion. My favorite motto? I'd rather be ruled by a smart Turk than a dumb Christian.
6:25 am
Ever been obese? Tried to lose the weight? If you had, you’d not be bad-mouthing over-weight people here! Lazy? I don’t think so! Do you realize how much extra energy it takes to heft that extra weight around? Anyone lazy would not subject themselves to this extra work!
12:39 pm
The elephant in the room is: Power corrupts. And fear of its loss corrupts absolutely.
5:05 am
No. No befuddlement on my part.
Look to these factors:
1. Big Pharma has sold Americans on saturating bloodstreams with meds that cause brains to no not function properly.
2. Those over-medicated Americans allow their children’s school districts to cut programs such as the arts, civics, language and gym. The corollary to this is the insistence on injecting anti-science into science class.
3. Strict adherence to Bronze Age Middle Eastern mythology allows Americans to believe anything. Talking snakes. Rib women. Deities that need blood sacrifices. Masturbation will cause you to go to ‘hell’. Religious memes are good at controlling minds. It allows politicians to say whatever they want. Americans are not very good at discerning total and complete BS from reality because of the extremely high numbers of people who willingly believe that magic is real and that magical thinking (eg, prayer) will work.
4. Obese people don’t think. If they did, they’d not be nearly as obese – and certainly not in the numbers we have in this country. Obesity *forces* you to be lazy. Lazy people let politicians do whatever they want.
There are more factors, but those are the obvious ones.