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Old 09-02-2011, 05:05 PM   #9
tw
Read? I only know how to write.
 
Join Date: Jan 2001
Posts: 11,933
Quote:
Originally Posted by SamIam View Post
I think that disparity in income is outrageous.
Why so much surprise? Posted repeatedly was the problem when George Jr was promoting those tax cuts. Find previous claims that Kennedy tax cuts would make everything better. Also posted was the reality about a more massive downturn.

Worst recessions were preceded by the richest getting wealthier. Warren Buffet long ago was complaining about his receptionist paying tax rates much higher than he. When the rich were getting richer while all other were not, then the Great Depression occurred - as was posted back then. During George Jr's tenure, the only other time in America history that disparity was increasing. What resulted. Notice how many in the Cellar have problems finding work. We have the economy created when, well ...

Make a law that requires everyone to replace their lawn every year. Then GDP numbers will increase - as extremists politicians love. What happens many years later when that new lawn does not result in any return on investment? Welcome to this recession. That example was posted how long ago? We have the recession we wanted because so many remained silent or encouraged George Jr's welfare to the rich. So that lawn example was posted.

We are witnessing what was obvious long ago. Economics takes revenge on all when economics are 'improved' by money games. We have the economy that we all wanted.
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