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Edited on Fri Jun-15-07 05:34 PM by KoKo01
Who would believe this? Yet, Larry Kudlow speaking for Repugs and Supply Siders seems to feel this is a GREAT TRUTH!
Kudlow (Reagan Administration)had Charlie Rangel on Business Channel, CNBC, trying work out some tax increases for Hedge Funds, etc. But the Repug answer is what Kudlow said.
I wonder if there is any argument that could refute what Kudlow said. "Class Envy?" Should the question be that Average Americans are not "envious" about wealthy people, but think that there's a huge discrepancy in what Hedge Fund Managers, CEO's/CFO's are making that might be considered EXTREME compared to what their workers make all the way down in the Corporations?
And...Can anyone give me an example of where the GURU'S of Wealth in America today,(Bill Gates, Steve Case and the Dot Com'ers who MADE it and the Hedge Fund and CEO's of America's bought and sold companies while laying off millions and sending jobs overseas) who benefitted from Great Wealth because of their Good Minds who managed to find an outlet for their genius, have produced Millions of Jobs and Income Increases for the Average Middle Class American or the Poor? What they produced in Jobs seems to have gone with Dot COM BUST.
McJobs and Lawn and Home Improvement Services and High Growth in Real Estate related Industries and Companies, have covered over the lack of health care, credit card debt and bankruptcy.
How can the Repugs STILL manage to have an argument that "Supply Side Economics" still works? It didn't work for Reagan and they dragged it up for Bush I and II...but, to me, it still doesn't work.
Any thoughts? :shrug:
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