If at first you do not succeed, why try again. One has
to wonder why, after the economic failures of reducing the deficit and growing
the economy experienced after either the economic policies of Reagan or after
the Bush tax cuts, the Republicans keep advocating for the same policies that
did not work. The reason is actually
far more obvious that what appears. For
most people with high incomes, the policies worked very well. The top 10% of Americans experienced growth
in both income and wealth. The tax
policies and deregulation resulted in massive growth in income and wealth for a
small group of Americans. These
citizens have been successful in their attempt to convince those not so
fortunate that their future will also benefit from supply-side and deregulation policies. Less than 200 very wealthy individuals have provided 90% of the funding of the Romney campaign and the PACs favoring Romney. The country is being sold to the highest bidders. Just as many lower income citizens support
various lotteries, hoping they will “strike it rich”, they also support the
economic policies advocated by the right hoping that some day they, too will
benefit. The failure of this line of
thinking is that someday will never come for the majority of people supporting
deregulation and supply-side economics.
Just as the inheritance tax has been termed death tax and has support
from many who will never be affected by this tax, low tax, small government is
the bumper sticker for many who actually suffer from these policies but succumb
to the propaganda from the right. “Keep
government hands off my Medicare” logic is what fuels the potential success of
the right’s attempts to elect another Republican administration. As long as Democrats fail to dispute this
logic the middle class in America will continue to be losers and more of the political process will serve the rich. Class warfare??? The war is over and 90% of Americans LOST!
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