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Thread: Reagan's Dark Legacy

  1. #1
    Senior Member zitiboy's Avatar
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    Reagan's Dark Legacy

    "...the greatest American “job creator” over the past 80 years has been the federal government – or put differently, the government built the framework that private companies then used to create profits and jobs.

    Reagan’s deviation from this formula for success some 30 years ago that put the United States on its current path of economic decline – by starving the government of resources and providing incentives for the rich, through sharply lower taxes, to get super-greedy.

    Rather than continuing a half century of policies that made smart investments in research and development – along with maintaining a well-educated work force and a top-notch transportation infrastructure – Reagan declared “government is the problem” and built a political movement for deconstructing it.

    That movement, which boasts powerful right-wing media outlets and well-funded think tanks, now dominates the American political landscape. And, today it presses even harder than Reagan did for dismantling government programs while rejecting the slightest revenue enhancements, like closing tax loopholes for corporate jets or any other tax advantage favoring the rich.

    The hard truth for the Republicans and the Right to swallow is that a three-decade experiment with historically low tax rates on the rich has done little more than concentrate America’s wealth at the very top and leave everyone else either stagnating or falling backwards
    ..."

    LINK to rest of article

    Parry's 100% right. If it weren't for govt. handouts and help, 99% of all the corporations wouldn't have survived.

  2. #2
    Senior Member a777pilot's Avatar
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    ROFLMAO!

    Good one. I needed a good laugh today. Thanks.

  3. #3
    Senior Member zitiboy's Avatar
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    No spamming please.

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    Senior Member a777pilot's Avatar
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    Quote Originally Posted by zitiboy View Post
    No spamming please.
    My sentiments exactly.

  5. #5
    USMB Roshi's Avatar
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    "Governments do not create jobs; bold people and innovative businesses do." - President Barack Obama and British Prime Minister David Cameron

    nuff said

  6. #6
    Sofa Can Coded! Sparta's Avatar
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    Quote Originally Posted by Roshi View Post
    "Governments do not create jobs; bold people and innovative businesses do." - President Barack Obama and British Prime Minister David Cameron

    nuff said
    That's right, and if you take this logic to a stupid degree you'll come up perfectly good reasons to provide loopholes for corporate jets. Half of the private sector jobs in this country are created by small firms, half, small firms are owned by people claiming an annual income of 17-174k.

    It's like saying a nice fire will keep you warm, and then taking that logic and arguing how we should take match-sticks to our hair.

  7. #7
    USMB Roshi's Avatar
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    Quote Originally Posted by Sparta View Post
    That's right, and if you take this logic to a stupid degree you'll come up perfectly good reasons to provide loopholes for corporate jets. Half of the private sector jobs in this country are created by small firms, half, small firms are owned by people claiming an annual income of 17-174k.

    It's like saying a nice fire will keep you warm, and then taking that logic and arguing how we should take match-sticks to our hair.
    No where have I ever posted in support of such loopholes

  8. #8
    Sofa Can Coded! Sparta's Avatar
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    Quote Originally Posted by Roshi View Post
    No where have I ever posted in support of such loopholes
    No where did I say you did, what do you want to talk about now?

  9. #9
    USMB Roshi's Avatar
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    Quote Originally Posted by Sparta View Post
    No where did I say you did, what do you want to talk about now?
    How Obama's stimulus plan killed 1million+ private sector jobs?

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