Friday, November 12, 2010

More Backward Republican Thinking

Wisdom from paid Republican liar Alex Castellanos:

"We are in a connected society now. Can you tax just the rich people's side of the water bucket? Can you take money out of that? We've just seen Wall Street melt down and everybody's homes lose value."

Let me remind you of something, Alex:  The meltdown you are talking about happened after Republicans managed to lower taxes on the rich to their lowest point since...1929, the last time we had a meltdown after Republicans slashed taxes on the rich.

No meltdowns under Roosevelt, Truman, Eisenhower, Kennedy, Nixon, Ford, Carter, Clinton, when taxes on the rich were far higher.  (I leave Reagan out because he is significantly responsible for recreating the same economic environment that caused the Depression.)  Meltdowns just seem to happen whenever Republicans succeed in absolving the rich of their tax burden.  Maybe there is a lesson to be learned there.

Not one our leaders are likely to learn, unfortunately.  They've now been held back and had to repeat that class twice, and they don't seem to have figured it out yet.

2 comments:

mastercynic said...

The "Wall Street Meltdown" also did not seriously hurt anyone on Wall Street! (Other than Lehman.) Goldman Sachs doled out record bonuses exceeding 600 million dollars in 2008 - at the peak of the recession! Income for Americans earning more than 10 million dollars rose 54%! It was the middle class that, once again, was robbed blind by the rich. Yet politicians and the media keep telling us class warfare is something horrible. The reality is the rich declared war on the middle class decades ago - and they're winning.

Green Eagle said...

In the words of our most profound political philosopher, "you betcha."