The Mudcat Café TM
Thread #99746   Message #2069859
Posted By: Bobert
06-Jun-07 - 07:30 AM
Thread Name: BS: Poverty in the USA
Subject: RE: BS: Poverty in the USA
Ah hah... Finally we have the "the-economy-woould-collapse-without-rich-people" argument... This is the cvornerstone of the Bush economic policy... Problem is that, like the flat-earth scientists that Bush brought into his administartion, he also surrounded himself with flat-earth economists...

There have been a couple full page ads in the Post over the last few years paid for and signed by hundreds of real-economists 'round the country who say "hog-wash" to the theory that the tax cuts that Bush gave the upper 1% are driving this economy...

Actually, the only segment of the population really feel the economy is doing well are the rich and upper middle class... Everyone else fully understands that this is not a full-service economy as these "everyone elses" are losing ground from stagnant wages and run-away inflation....

Bobert