Republicans are Trying to Blame President Obama for the Poverty They Created
"Even when we look at our economy, as much as it’s improved, we still have a ways to go – especially as it relates to income growth. And while Republicans will have you believe that stagnant wages are a byproduct of President Obama’s economy, this is an issue that started way back when Ronald Reagan was elected. Hell, even Sen. Ted Cruz (R-TX) proved how damaging trickle-down economics has been for the middle class when he pointed out that we haven’t seen such an unequal distribution of wages in this country since just before the Great Depression. While he pointed to 2012 as an example in trying to bash President Obama, what he failed to mention was that the four consecutive years prior to the 2008 crash almost exactly mirrored the unequal distribution of wealth we saw in this country just before the Great Depression. Just look at this chart from CNN Money
Do you see that wide, fairly flat area in the middle? That’s the 50′s, 60′s and 70′s – before “Reaganomics” took over our economic landscape. Then once Americans started being fed the lie that “tax cuts create jobs,” suddenly income inequality skyrocketed. The rich are doing better than they ever have before; meanwhile, the vast majority of Americans aren’t seeing anything close to that same level of success.
And even though many Republicans will say that wage inequality is an issue, they continue to claim that the mistake which caused this inequality is the same path to fixing it. It’s absurd. The truth is, every time a Republican says that wages aren’t increasing and income distribution is an issue, they’re admitting that trickle-down economics doesn’t work."
