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Originally Posted by Penelope420  How many years of republican economies will it take before people realize that trickle down economics DOES NOT WORK. |
You represent conventional wisdom.
Are you a keynsian or something?
The boom-cycle Clinton rode shrunk the middle class, opposed to Reagan where the median income rose. Only the top 20% benefited, and after his artificial lending and excessive credit caught up with the economy, his 8 years of growth was lost in a single year. The big movers who knew the crash was coming bail out, or get bailed out, and the little guys suffer.
We are in the economic-mess we are in now because of the dot-com crash, which wouldn't have existed without keynsian policy under Greenspan. The dot-com crash led to the housing market crash, and Bush's regime has only furthered the damage.
I'm not saying Republican supply-side theory is good, but Democratic economics is no different. Its all the same fractional-reserve lending system which perpetuates the boom-bust cycle.