{"id":9409,"date":"2012-11-09T09:16:38","date_gmt":"2012-11-09T17:16:38","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/?p=9409"},"modified":"2012-11-09T09:16:38","modified_gmt":"2012-11-09T17:16:38","slug":"supply-side-economics-is-a-lie","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2012\/11\/09\/supply-side-economics-is-a-lie\/","title":{"rendered":"Supply Side Economics is a Lie!"},"content":{"rendered":"

Republicans are still holding on to the claim that the richest Americans are the job creators, and how favoring them will make us all better off.  You\u2019d think America would know better by now, because wealth keeps gushing up, and the only thing that trickles down on us is elephant crap.<\/font><\/p>\n

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\"9jobcreators\"<\/p>\n

University of California professor Robert Reich said Thursday that Republican proposals to raise revenues without raising taxes were impossible.<\/p>\n

\u201cThere does have to be an increase in the marginal rate on the very rich,\u201d he told Current TV host Eliot Spitzer. \u201cThat is something Republicans don\u2019t want to admit.\u201d <\/p>\n

\u201cWhat they are counting on is this whole supply-side mythology that if you simply keep taxes low on the rich, the economy grows faster, and that growth almost by magic \u2014 in fact it is by magic \u2014 creates enough revenues to get you out of any kind of budget deficit problem. That\u2019s not going to work.\u201d\u2026<\/p>\n<\/blockquote>\n

Inserted from <Raw Story<\/a>><\/p>\n

Photo credit: Harmony Central Forums<\/a><\/font><\/p>\n

Here\u2019s the video:<\/font><\/p>\n