Jeb Bush Becomes Latest Republican To Admit Trickle-Down Economics Is A Scam
"It’s no secret that the only “plan” Republicans really have to address job creation is to push for deregulation and cut taxes – two things that have unequivocally proven time and time again that they have almost nothing to do with creating jobs. If tax cuts and deregulation actually led to strong economic success, Bush’s eight years in the White House would have yielded record growth.
Instead, just the opposite happened; record-setting income inequality dominated his last few years in office, leading to the worst economic crash since the Great Depression. Well, since all other economic indicators under President Obama have been overwhelmingly positive, many Republicans have been left with no other alternative but to complain about the growing problem of income inequality. It’s an interesting complaint considering the wage gap between the average American and the richest among us really began to grow once Reagan and his fellow Republicans forced trickle-down economics upon us. You know, the belief that the more money we give the rich, the better it will be for the rest of us. If you just laughed and/or cried, I don’t blame you.
Well, over the last 30+ years we’ve given the rich plenty. In fact, over that time they’ve done better than at any other time in our nation’s history, while the rest of us continue to fall further and further behind. So, the questions I always ask is, “When does that wealth start to trickle down? Just how rich do the wealthiest among us need to be before the rest of us finally start benefitting?” Naturally, believers in the asinine theory of trickle-down economics never seem to have any answers for those questions."
