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When you stop and think about it, the wealthy really didn’t uphold their part of the bargain.

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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 04:16 PM
Original message
When you stop and think about it, the wealthy really didn’t uphold their part of the bargain.
Reagan wanted “trickle down” economics. He said slashing tax rates will mean the rich will have more money to invest in the country. He slashed tax rates for the richest Americans.

Then Bush said giving the rich tax cuts will give them more money to invest in the country. The GOP passed his tax cuts for the richest Americans.

The richest Americans invested their newfound wealth in jobs…overseas jobs, and our unemployment rate is now at 9.3%

The richest Americans invested their newfound wealth in the economy…the economies of Brazil, Russia, India, and China to name a few.

Why should we continue to give them tax breaks? They didn’t do what was expected of them.

The wealthy didn’t uphold their part of the bargain. What made us think they would?
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Swamp Rat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 04:17 PM
Response to Original message
1. Yep, and their day of reckoning is a lot closer than they realize. eom
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 04:21 PM
Response to Original message
2. Reaganomics Fail
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Skidmore Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 04:39 PM
Response to Reply #2
8. May I copy that picture to spread around?
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 09:19 PM
Response to Reply #8
16. Sure!
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Liberalynn Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 05:45 PM
Response to Reply #2
12. I still have my "Reaganhood: Rob From the Poor to Give to the Rich"
button.
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cottonseed Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 04:23 PM
Response to Original message
3. That's actually a sensible way of putting it to more conservative folks.
I like it.
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madokie Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 04:25 PM
Response to Original message
4. The rich never play fair
I suspect thats why some are where they are to begin with.
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Saturday Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 04:26 PM
Response to Original message
5. Every Democrat should be saying what you said. nt
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ladjf Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 04:36 PM
Response to Original message
6. Not even in the slightest. nt
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SteveM Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 04:39 PM
Response to Original message
7. They had no intention of "upholding;" d'em boy' in charge. nt
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donheld Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 04:52 PM
Response to Original message
9. do they ever?
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Uncle Joe Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 04:54 PM
Response to Original message
10. Because this time, they really, really, really, really, really mean it,
cross their hearts and hope to die.

Thanks for the thread, KansDem.
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unblock Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 05:43 PM
Response to Original message
11. they held up their end of the steal.
you were expecting them to share the loot more equitably when we raided the treasury?

there's no honor among thieves.
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glitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 06:40 PM
Response to Original message
13. The richest Americans invested in hedge funds and derivatives which CRASHED the economy
and laugh at any idea there was a bargain.
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TriplD Donating Member (52 posts) Send PM | Profile | Ignore Thu Dec-09-10 08:03 PM
Response to Original message
14. They didn't create the jobs they were suposed to either
That's what I find so maddening about the narrative - if extending the tax cuts is supposed to create jobs, why are we at 10% unemployment 9 years into the policy?

They didn't hold up their end of the bargain. Not only shouldn't they continue to be rewarded, they should pay it all back.
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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-09-10 09:00 PM
Response to Original message
15. I'm on pins and needles waiting to see what the rich will sacrifice for their country in this time
of war and economic uncertanty....... I'm waiting...
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