Your Economy (No Politics)

[Ayock]

ChrisJP

Actually trickle down did not work in the '80s and doesn't work now. I was there. Jobs were hard to find...even w/a college degree. I went back to graduate school instead (on my dime). The tax code guaranteed trickle up. The highest earners tripled their average income 1980-1990 and the vast majority of the rest of the wage earners stayed relatively flat during the same period.

The Reagan era was the spawning of the destruction of the middle class of America.

The current Bush era tax cuts have been in place for almost a decade and we are in a total mess. If jobs are created by these tax cuts (and will be further created if we keep them in place as some would argue), we should as a nation be swimming in available work. Where is the logic of keeping the current the tax policy in place and expecting a magical new and different outcome?

And, clearly the economic nose dive was further fueled by unregulated bank behavior that was literally criminal. But the crash was coming regardless...too much personal, unsecured debt.

Money needs to be in the hands of people who will spend it, creating demand for goods. Demand for goods is the only reason to hire/create jobs...