[quote=dalakhani]
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Originally Posted by Cannon Shell
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Blaming supply side for the current crisis is like blaming United and American for 9/11. Socialism is far from the answer despite our recent left leaning bent from the govt.
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Supply side economics has devastated the middle class. its created a system where wages have all but flattened in relationship to growth since 1980.
Where did all of these wonderful tax cuts go? Are you aware of what the deficit has done since the onset of supply side? ARe you aware of the degree to which the disparity between rich and poor has grown?
And Whose backs has the economy grown on? The backs of the workers who have seen the smallest increase in wages (inflation adjusted) during any other time in our history.
What was the deficit in 1980? What is the deficit now?
The "growth" was partly an illusion. We became an economy based mainly on credit, not the production of goods and services.
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You argue the middle class is being abused yet you make the point of Rich and Poor? Shouldnt the middle class be included in there somewhere? What about the people in the middle class that have invested and made money that was not available to them befoe the growth of economy? What about the growth of high paying jobs that are created by a growing ecomomy? What about the rest of the world who benefited from our model and growth? It is such a multifaceted dynamic that it cant be properly debated here. The idea that american workers are somehow underprivilged is laughable. Compared to who?