Obama - good for Americans

[dalakhani]

[quote=Cannon Shell]?

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.

QUOTE]

Socialism isnt the opposite of supply side. Its keynesian economics.

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.