CLARENCE SWINNEY
June 15, 2010 8:29 AM
1945-1980 were Great Middle Class Years.
Affordable Education-Homes-Health Care-Jobs Jobs-Unions-Pensions
Reagan and Neo-Cons came on in 1981.
Ir was intentional ENRICH Wall Street reduce Middle Class.
1945-1% owned 30% Total Financial Wealth
1980-1% owned 20%
1989-36% (Ron big tax cuts for 1%)
2008--Bush Finished the Job
1%=43%
10%=70%
20%=93%
80%=7%-=120,000,000 workers=SHAFTED
20 years 3 Conservative presidents
18 years Conservative Senate
12 years Conservative House
6 years TOTAL CONTROL
Bush 8 let Wall Street go into Big Time Gambling
Instead of using investors money to create new businesses and increase current ones and create Jobs,
They created 31,000 Net New Jobs per Month.A shame.
Prior were Carter 218,000--Reagan 175,000--Clinton record 237.000
31,000 was an insult to working America.
During Bush 8 Wall Street shipped 2,300,000 of our jobs to China.
It will take creation of 250,00 new jobs per month for five years to get back to full employment (5%)
The Conservative ideology of Market knows best gave us Great Depression and Great Recession. Even Ultra Conservative Alan Greenspan had to admit it.
WHAT DID THEY DO??
Since 1980
60% Tax Cut to Top 1%
47% Tax Cut to Gamblers on Wall Street in Unearned Income Tax
Huge Estate Tax Cut
Revenue Sharing costs to rich in income taxes transferred to Middle Class in property taxes.
Fed gave Bush 1% Interest and big increase in Total Money Supply
1920's Deja Vu. Banks rushed to borrow and lend lend lend to Developers
to build homes too large-too expensive for middle class declining disposable income
Increased Middle Class Payroll Tax
Taxes SS income
Five Cent Tax On Gas
Spending Spree on Defense which enriched Rich Investors in Defense
stocks,.
The Big Three took a 1000B of Debt from Carter and added on 8000B in 20 years of Spend + Borrow Our kids Can Pay Tomorrow.
Carter left Reagan a 600B Budget to which he added on 80%.
Carter left Reagan a less than 1000B of Debt and he added on 1700B
Clinton left Bush an 1800 B Budget which Bush took to 3600B..
Clinton left Bush a Surplus as far as an eye could see and Bush added on
6000B Debt or more than we had after 220 years.Grover Nutquist had a party..
Folks! It was intentional. Grover Nutquist of ATR made 127 visits to White House in Bush first term. He was one who wanted to drown Government in a bathtub..How! Spend and Borrow to force us to eliminate Social Programs.
He has us, in 2010, exactly where he wanted us.
Facts hurt. Democrats are just dumb to not preach it over and over
8 more of Neocons And American World Status will disappear to number two or three or worse.
;Neocon ideology destroyed Rome-Spain-Holland-England and now America?
This is what I was reading, even though its from 09
Thursday February 12, 2009
The Democrats have been so busy defending federal spending, and denigrating the stimulative power of tax cuts, that they apparently either forgot to -- or felt they couldn't -- point out something rather dramatic: the tax cuts in this stimulus plan appear to be the biggest in history.
The compromise stimulus plan includes $282 billion in tax cuts over two years.
According to the Wall Street Journal, Bush's first two years of tax cuts amounted to $174 billion. A second batch in 2004 and 2005 cost $231. And those were thought to be bigger than the tax cuts offered by Reagan, Kennedy or others.
Now, perhaps some new analysis will show that the tax cuts end up not quite being the largest in history by this measure or that. But it's clear they're massive.
teabaggers have some 'splaining to do.....
The compromise stimulus plan includes $282 billion in tax cuts over two years.
According to the Wall Street Journal, Bush's first two years of tax cuts amounted to $174 billion. A second batch in 2004 and 2005 cost $231. And those were thought to be bigger than the tax cuts offered by Reagan, Kennedy or others.
Now, perhaps some new analysis will show that the tax cuts end up not quite being the largest in history by this measure or that. But it's clear they're massive.
teabaggers have some 'splaining to do.....
