Zombie Economics
Friday, April 25th, 2008Okay, listen up Zombies…
In case you were wondering if you’ve been lied to, now the proof is out.
You have been told for 25 years that Supply Side Economic, a conservative talking point about lowering taxes for the wealthy, is the way that we can make America economically strong. And for 25 years, you have seen taxes reduced to the point where now capital gains is 15% while income tax is running in the low 30%’s for those who actually work for a living (includes ALL Bush Zombies).
And the result is as follows:
- Sagging economy, the worse in 80 years.
- Negative savings rate, the first time since WW2, in over 50 years.
- The greatest disparity in wealth – the worse in 100 years.
- Negative home equity, the worst since WW2.
- Stagnant wages, the worst in 65 years.
- Bailouts by the Feds, 30 billion worth – which kept the economy from collapsing.
(Not seen since the 30s)
According to Reganomics the solution to this problem is to inject more capital into the economy – that is to give more wealth to the people who create jobs. For example, according to Supply Side free traders, the winning strategy is to give even more tax breaks to the very rich. This will “trickle down” to the rest of us.
But the problem, of course, is that none of ‘us’ have any money any longer. It is consolidated to the very topmost portion of the very rich. So, even if you make something, say for example you make TV sets (Oops we don’t make those any more), Automobiles (Oops we don’t make those any more), Radios (Oops we don’t make those any more), tables and chairs (Oops we don’t make those any more), shoes (Oops we don’t make those any more), shirts (Oops we don’t make those any more), trinkets (okay, let’s pretend we make trinkets), there’s no money to even buy a trinket – we are in debt up to our eyeballs — our credit cards are maxed and there’s no home equity left.
The answer: Give 1,000 to 3,000 to the middle class in the form of worthless dollars. Now why wouldn’t George Dubgya Bush and the Conservatives give that money to the rich, who would make more jobs? Oh, because SUPPLY SIDE FREE TRADE is a PLAT OF STEAMING DOG CRAP sold to you by conservative greedy bastards. And the FUNNY part is THEY KNOW IT DOESN’T WORK!!!!!!!
I know your zombie heads are spinning, so take a deep breath.
Think about this for a moment:
QUESTION: Why would the government give money to YOU instead of the wealthy?
ANSWER: Because we are on the edge of economic collapse and even the BUSH CRIME FAMILY knows they can’t suck any more blood out of your veins without you DYING!
Of course it’s too late now.
The money they are giving out — all borrowed from China and Saudi Arabia — will flow through the economy, much like a mineral oil enema though a constipated goat, to the countries that now make our products, because our jobs have been outsourced. America doesn’t make anything. We are all just walking around trading dollars.
So now you know how Reganomics works, aka supply side economics aka a Ponzi scheme.
How does it feel to be duped