Applause Applause, great argument this am on CNBC with Steve Forbes:
Forbes claim, cut taxes for the wealthy and they will free up the economy.
Response: we did this with Bush and deregulation destroyed the banks
Forbes claim: Kennedy and Reagan cut taxes for the wealthy
Needed response: WRONG look at what happened with reagan the job market slowed down so much that he RAISED corporate taxes.
Forbes claim: Obamacare will come in the way of care for patients
Reality: Cutting medicare is the single largest influence in how well care will be delivered and Republicans plan to cut this !!!
Forbes claim: Learn Central Banking
Reality: We have not cleared up the bind up in lending due to the massive wrong doing during the Bush administration on the part of lenders, borrowers and banks both investment and retail. wrong doing in real estate, bank busting bad investments, etc.
This administration is in process ( hopefully ) of clearing up DECADEs of corruption in giving favors and making wrong deals for the use of the taxpayer dollar, and for bank lending.
