leftysergeant
Penultimate Amazing
- Joined
- Jul 13, 2007
- Messages
- 18,863
In which case you cannot lay the blame on one policy alone.
Supply-side ecconomic policies made it legal to run the credit-default swap Ponzi scheme. It ruined us.
The US has been in debt longer than that:
http://en.wikipedia.org/wiki/United_States_public_debt
And before the idiotic tax giveaways, we had a means of keeping it under control without shutting down government functions.
Clearly, you are working from a false assumption.
As is anyone who thinks supply-side works.
For the middle class, perhaps, and only if you can isolate the influences of both New Deal and the trade unions. You cannot.
What is best for the middle class is best for the working class because it gives them someplace to move upward amd keeps them employed making goods and services. It is good for the rich because there is an oportunity to profit selling things that the working people make.
The unions were a key to making the New Deal work.
Supply-side and anti-unionism destroyed what made America work for seventy years.
Are you saying that economic theories are as testable as scientific concepts?
Yes. But I do not advicse it because it kills people if you are wrong.
Supply-side has killed people. It belongs on the copmpost heap.