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Old 06-03-2007, 12:53 PM   #19
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Default Re: Economy robust, middle class income dropping?

Originally Posted by lamberts-lost-tooth View Post
Jeremy....not sure if you are able to remember far enough back....but prior to "reaganonics"...we were dealing with 18% interest rates and skyrocket inflation under Carter.....You really need to quit pointing fingers at one party ....If anyone here thinks that either party is the savior of this country they have neve met a politician.
Both have exacerbated the problem over the years. The problem is that we're dealing with lawyers and political science majors running the country's economy. None of these people really know what they're doing and many of them are unwilling to listen to people who do have an idea. I pointed our Reaganomics because it set the dangerous precedent of giving tax breaks to the higher income brackets in the futile hope that they would pass along the wealth. It was an idea that was needed at the time, but it has outlived it's usefulness and should be discarded. However, many conservatives today still cling to the theory.
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