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It was not socialism, or social capitalism that sent the global economy into near total meltdown. It was not high taxes on businesses and corporations that caused the American economy to tank, nor was it an overreliance on social safety nets. And the way out of the mire is not to blindly follow an economic paradigm which has so often and so recently been shown for a fallacy.
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You know sub prime mortgages all came about because of a change in gov't policy to buy them from the banks, without requiring a check of the income of the buyers. You could put down any figure you wanted, no questions asked.
Then the damn derivatives with their tremendous leverages, and next to nothing for collateral. But no, we're not going to stop them!
That didn't come from the Conservatives! Wasteful spending, and excessive spending, are big problems in out gov't.
Yes, our corporate taxes are first or second highest in the world right now, and it DOES hurt our international business, considerably.
When a huge company like GE can pay $0 in taxes, despite making a large profit, you know our tax loopholes have run amuck - and our politicians are the ones who have made it all possible. THEY will pick the "winners" and the "losers", through the power of their taxation, and if you'd like to be a "winner" you better pony up $$$, and get that lobbyist working for you.
When John Kennedy was facing a recession, he cut taxes big time, across the board (taxes had been quite high in the 50's), and his metaphor was it was like a rising tide, which raises all boats, regardless.
He was right, and it got us into a recovery, MUCH faster than whatever Obama's nonsense is doing. Reagan did it, to stop Carter's recession/stagflation crisis. Clinton cut some spending and taxes as well, when forced by Congress, and it also worked wonders for us, at that time.
So, I could believe your completely unsupported argument, or I could believe my own "lying eyes", of a lot of experience.
Hmmm. Which would you choose to believe? Hot air and hand waving on one hand, or your own eyes, on the other hand?
