Wall Street Rigs The Game For A 25-Year Crime Spree

Wall Street Rigs the Game for a 25-Year Crime Spree

• During the 2008 financial crisis, gas prices skyrocketed, overwhelming the payrolls of many businesses. Political leaders like Sarah palin blamed environmentalists who wouldn’t let the US drill offshore or on public lands. • In reality, Wall Street speculators were making huge, unregulated bets on gas just as they had…

Tax Cuts For The Rich Have No Effect On Growth Or Jobs

Tax Cuts for the Rich Have no Effect on Growth or Jobs

The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth. The reduction in the top tax rates appears to be uncorrelated with saving, investment, and productivity growth.…

Tax Cuts For The Rich Have No Effect On The Economy

Tax Cuts for the Rich Have no Effect on the Economy

The empirical relationship between tax cuts for the top 10% percent and job creation is negligible in magnitude, statistically insignificant, and much weaker than that of equivalently sized tax cuts for the bottom 90%. Tax Cuts for Whom? Heterogeneous Effects of Income Tax Changes on Growth & Employment

The Economy Is Always Better Under Democratic Administrations

The Economy is Always Better Under Democratic Administrations

• George Bush was a historic failure with the worst economic track record in modern history. • His 2001 tax cuts for the 'Job Creators' that were passed amid big promises led to the worst job creation record since record keeping began. But it did deliver a staggering windfall to…

Obama Cut Taxes More Than Reagan Or Bush

Obama Cut Taxes More Than Reagan or Bush

• Obama reduced taxes more than any president since Eisenhower. • The US has the lowest revenues and spending as a percentage of GDP of seven industrialized countries surveyed (US, Japan, Canada, UK, Germany, Italy, France.) • 2% of Tea Party members know that Obama has lowered their taxes and…

Taxes Avoided By The Rich Could Pay Off Deficit

Taxes Avoided by the Rich Could Pay Off Deficit

• Conservative deficit scolds always argue that the US has a spending problem, not a revenue problem; all while providing cover for the rich tax cheats who avoid paying their fair share. • Withheld revenue, in the form of tax avoidance by the rich, is the true problem and collecting it…

Privatizing Profits, Socializing Losses

Privatizing Profits, Socializing Losses

• In the early 80s, republicans, with the help of John McCain, Alan Greenspan, and Phil Gramm, deregulated the S&L industry, resulting in the collapse of 747 S&Ls and a loss to taxpayers of $1.4 trillion. • The republicans delayed the S&L bailout until after the 1988 election of George…

Clinton’s Success Revealed The Utter Failure Of Supply Siders

Clinton’s Success Revealed the Utter Failure of Supply Siders

• Clinton believed the demand side was just as important. He raised taxes on top earners while Reagan and Bush cut them. • Under Clinton, every single income group did better and the growth was more even. Under Reagan and Bush, growth was much more uneven, mainly benefiting the rich.…

The Republicans’ Perfect Record Of Being Wrong

The Republicans’ Perfect Record of Being Wrong

• In 1982, Reagan proposed the largest peacetime tax increase in American history. In 1993, Clinton proposed another major tax increase. • Both times republicans predicted disaster. Both times they were completely wrong and the exact opposite happened. • The same republicans who complain about democrat spending voted for every…

Republicans Love Deficits

Republicans Love Deficits

• Clinton ran the largest surplus in American history. When Bush took over, republicans ran the largest explosion of debt in American history. • Republicans never complained as Bush wasted money on failed policies, raised the debt ceiling seven times, and crashed the economy. • Republicans don't care about fiscal…

Republicans Ignore Math They Don’t Like

Republicans Ignore Math They Don’t Like

• Republicans asked the non-partisan Congressional Budget Office to look into what policies would create more jobs. • The CBO responded with the most effective policy being Aid to the Unemployed, and the least effective being Tax Cuts. • Republicans ignored the CBO. If You Want To Help The Nation,…

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