Quote:
Originally posted by 12clicks
sure kid, you've got a left wing reporter explaining how what Reagan did and what Bush is doing is wrong.
Reagan got us out of Carter's resession by cutting taxes, Bush is getting us out of the false internet economy crash of the Clinton years.
Newsflash for the stupid:
Reagan succeeded
Bush is following suit, keep pretending it won't work.
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The "false internet economy" crash has only just begun. The problem wasn't so much the internet businesses themselves, it was the huge money they were taking in from investors while making miniscule returns.
All that did was expose what a sham the stock market really is. Our economy is essentially based around nothing. You put money in, more people buy, your share value increases, you pull out at the right time and make a profit. Where does the money really come from? Other investors. Eventually, if they leave their money in long enough, something devastating happens(enron) and we realize that there's nothing backing the money.
The problem is deeper than any presidential candidate can handle. The best any president can do is keep the money flowing so people still believe it exists. That's where the problem with tax cuts for the rich comes in. In the past, there's been a trickle down effect that ended up working out for everyone. These days, the rich are taking their money and fleeing. In a sense everyone's going for the "one big payoff". The trickle down just kind of stops in multi-billion dollar chunks, fucking over everyone but a handfull per millions of people.