How The Republicans Abolished Poverty

[DonViejo]

Jim Hightower

October 6, 2018 3:47 am

Listen … Can you hear it? Listen to the eerie “sound of silence” from the Trumpeteers and congressional Republicans who so loudly cheered themselves just a year ago for bestowing a trillion-dollar tax giveaway on corporate elites.

They told us they did it not for the rich, but to help middle-class and poor families. How would enriching the already rich benefit the rest of us? “Trickle-down Economics 101,” said Trump & Company, explaining that giving more money to elites would spark “an immediate jump in wage growth” because CEOs would use their bonanza to reward workers for their productivity. The White House even got specific, declaring that average pay would jump as much as $9,000 per person.

But here we are in the thick of the 2018 congressional elections, and — shhhhh — silence. Not a single lawmaker who voted for this grand ideological promise is mentioning it, much less running ads touting their role in hammering the plan into law. Why so shy?

Because their trickle-down giveaway to the superrich was a crude hoax from the start. CEOs spent the trillion-dollar boondoggle the GOP doled out to them on raising their own exorbitant pay. Once again, moneyed elites got the gold mine, working families got the shaft. As Bloomberg News reports, far from enjoying their promised $9,000 income boost, the workaday majority of Americans now find that their hourly earnings are lower than they were a year ago.

But who cares? Being a Trumpeteer Republican means never admitting your lies and never apologizing. Steve Mnuchin, a former Wall Street banker who’s now the secretary of the treasury, is a perfect example of a blase, ethically challenged Trump huckster. He recently shrugged off the failure of the bloated tax cut that he promoted to raise working people’s income: “Wages are going up on some people,” he declared disingenuously.

more
http://www.nationalmemo.com/how-the-republicans-abolished-poverty/

[anarch]

1. it's ridiculous - as long as the stock market is strong, unemployment low, and GDP high

then "the economy is doing great!"; guess it doesn't matter that average people can barely afford to live. Hell, the inflation sort of boosts the GDP, for the short term.

Is there some kind of measurement for "average quality of life" or something? Like maybe real average wages as compared to cost of living or something? I think this is something Dems need to focus on for our messaging in 2020.....

[safeinOhio]

3. Just ask one them to pay for

lunch with their $9K wind fall.

[handmade34]

2. rec