Sunday, November 13, 2016

Examine the Policies, Don't Attack the People

The really big problem, IMHO, has been 35+ years of largely unchecked "Reaganomics" or "Trickle-Down Economics."  (Sometimes this is called "supply-side economics." But the developers of true supply-side economics are objecting:  they say their work is more nuanced & more flexible. It doesn't always involved slashing taxes on the rich.)  With the exception of a few years in the 1990's, this one-sided policy has been used most of these 35 years.   It usually goes along with slashing the budget in certain key areas that only the Right can love.  (As an occasional "corrective", it might have been all right.  Not in constant use.  Google the concept; you'll see a lot of details.)

 People who might otherwise have challenged it have been deflected from taking a good, hard look at it by leaders who have tried to roll all this up in a form of public "Christianity" ever since the 1980s.

People need to know who "Grover Norquist" is.  He's browbeat practically every prominent post-Reagan Republican into accepting this position.  He's never been elected to public office.  He's an economist educated in elite schools, holding sway over elected representatives.

Grover Norquist

Trickle-down also usually saddles future generations with federal deficits.  (Fortunately a fiscally Centrist balance turned this on end in the 1990s, and we had a surplus--until  George W. Bush came in and gave sudden, ill-advised tax refunds.)  

The promise is always that when the wealthy and corporations have their taxes cut significantly, this financial "good will" will "trickle down" to the middle and lower classes.  Study after study shows it doesn't work. And it's never been implemented in a way that forces investment in the economy and jobs FIRST, BEFORE the tax breaks. 

When the "charitable" giving of those profiting from supply-side in the '80s was reviewed, it showed the wealthy still not sharing at nearly the rate of the middle class.  AND the wealthy often donated to the high-priced universities they'd attended, such as Harvard or Yale.

There has also been talk of weakening or dismantling the Dodd-Frank banking regulations.  Remember that last time banks weren't properly regulated?  The 2008 housing & economic meltdown.  Maybe a few provisions could be altered---IF they truly make sense to help qualified people get loans. But no more free-for-alls at the monetary feeding trough, if you please.

I'm not asking for a Liberal tax & spend agenda, either.  Just something closer to what happened in the '90s (minus the bank deregulation.)

YOU NEED TO KNOW THIS!!!!!  This stuff relates to a lot of the social policies and social unrest that have built up. 

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