Kemp-Roth [Reagan's 1981 tax cut] was always a Trojan horse to bring down the top rate ~ David Stockman (dob 11/10/1946) former Director of the Office of Management and Budget (1981–1985) under preznit Ronny Raygun.
The following soundbite via the 3/6/2016 airing of the Thom Hartmann Program.
|Morning Joe: The problem with the Republican Party over the past 30 years is they haven't (I'll say we haven't) developed a message that appeals to the working class economically in the way that Donald Trump has. We talk about cutting capital gains taxes - the 10k people who are in the crowd cheering for Trump - they're never going to get a capital gains cut, because it doesn't apply. |
We talk about getting rid of the death tax [estate tax]. The death tax isn't going to impact these people. We talk about how great free trade deals are? Those free trade deals never trickle down to those 10k people.
Herein lies the problem with the Republican Party. It never trickles down. Those 10k in Trump's crowd, those are the people who lost jobs when they were moved to Mexico. The Republican donor class were the ones that got rich off it because their capital moved overseas and they made higher profits.
And the American people are finally figuring that out... according to Thom Hartmann. I'm not 100 percent sure of this. I think this realization explains why Bernie Sanders is doing so well. Yeah, it looks like Hillary will be the nominee, but the fact that a democratic socialist Jew is actually making a good showing against the establishment's choice? I think that says a LOT regarding the voters FINALLY waking up to the fact that Republican policies favor the wealthy and that the economic system that works so well in Europe (and worked so well under FDR) is something we should be doing more of (The 12 best reasons to be a democratic socialist).
That free trade benefits the "Republican donor class" is why Hillary Clinton was forced to backtrack on the TPP. Previously she referred to it as the "gold standard" and now she is saying she doesn't support it (45 times Secretary Clinton pushed the trade bill she now opposes).
Yet, Trump says he's a "free trader", he'd just negotiate better deals. But he is not for ANY of the other pro-rich policies that never "trickle down" to the non-wealthy. Trump is proposing MASSIVE tax cuts for the wealthy with a 15% max tax rate, no "death tax" and no corporate tax (Donald Trump's Tax Plan Would Make the Rich Richer, Uncle Sam Poorer).
Clearly the Trumpeteers are NOT figuring it out. And (imo) Hillary voters aren't figuring it out either. She's moved to the Left, but she's been pushed there by Sanders (and likely not stay there after elected). Hillary is not a Progressive, but a moderate. In her own words! (HRC 9/10/2015: "You know, I get accused of being kind of moderate and center. I plead guilty").
If people actually were figuring it out Donald Trump wouldn't be poised to claim the nomination on the Republican side and Hillary Clinton wouldn't be winning on the Democratic side. And primary voting turnout wouldn't be "massive" on the Republican side, it would be MASSIVE on the Democratic side (Here's Just How Massive Republicans' Super Tuesday Turnout Was).
And the massive turnout would be for Bernie Sanders. He's a once in a lifetime candidate, IMO. The country NEEDS Bernie Sanders. Hillary might be OK and push some incremental change. Trump (or any other of the Republicans) would further harm our nation (Bernie Sanders Is a Once in a Lifetime Presidential Candidate. The Time Is Now).
Under a Sanders' presidency income and jobs would soar. This is according to Gerald Friedman, a University of Massachusetts Amherst economics professor. His analysis shows that, under Sanders, "median income would soar by more than $22k, nearly 26 million jobs would be created and the unemployment rate would fall to 3.8%".
BTW, that tool Chuck Todd says (when Scarborough is speaking) "you sound like Bernie Sanders". Clearly upChuck was taken off guard by Scarborough's honesty. Honesty Thom Hartmann found astounding. Yeah, me too.
Video: Joe Scarborough gives up the game: After 30 years, the GOP base realized "it never trickles down" by David Edwards. RawStory 3/8/2016 (6:55, 1:25-2:30 for Scarborough comments).