Is it now proven deregulation and trickle down policy of 80s and 00s were failures of epic scale?

[The 12th Guru]

and these 2 things as only solution is not always the answer.

[L. Coyote]

1. Did Bush tax cuts for the rich lead directly to present financial problems?

It all starts with the real estate bubble, fueled by individual investors leveraging their cash......

[Cresent City Kid]

4. It's not just the tax cutting for the rich

It's the whole idea of making the rich richer in a variety of ways. The removal of regulation in every sector, from worker safety to consumer protection, and more famously, on Wall Street led to what we see today.

Whether they really believe that this is good, or they're just robbing us, trickle down in as a whole is bad for most people.

[Indenturedebtor]

7. No the present financial crisis started when unions were busted up and

when wages stopped keeping pace with inflation back in the 70's. But it's all part of the "enrich the rich and they'll piss goldschlager on your head" idea.

Poverty is contagious donchaknow!

[Orsino]

2. Proven to anyone who cares enough...

...which is maybe a couple of percent of the population.

The rest of us will be sung to sleep with empty phrases over the next twenty years, until the next crisis of our own making.

[Cresent City Kid]

3. That's THE issue

I hope the Obama campaign really drives this point home with voters. TRICKLE DOWN DOESN'T WORK! Never has, never will. Sure you can say the economy's doing great if you reduce the number of people you're trying to make it great for. What's worse is that it wasn't "new" in 1980, it is just an attempt to go back to 1890 when unlimited capitalism drove the country into repeated depressions. They claim that the stagflation of the 1970's was a sign that the New Deal was out dated, but it was really due to the fact that oil consumption passed the threshhold of its peak in availability.

Cuting taxes for the rich ONLY helps the rich. When they're taxed Clinton-era levels, they still invest and run businesses like the republicans say can only happen under their policies. The difference is that their way is less inlcusive in terms of the benefits to the economy.

TRICKLE DOWN DOESN'T WORK!

[TrogL]

5. Of course not - they'll say we haven't waiting long enough

...without ever defining how long that is.

[leftofthedial]

6. supply-side economic theory is utter, observable, undeniable bullshit

(of course, it always was. it was just a rich elite scam to steal more money from the peasantry. american peasantry, being endlessly gullible, not only went along with it, a whopping chunk of them made a cult out of the idea.)

[endthewar]

8. As Pelosi said in her speech: "The party is OVER!"

:rofl: