Rachel Maddow Uses Bush Sr Voodoo Economics Statement Against GOP Tax Cuts

[LikableDesi]

Bush Sr. vs Reagan always reminded me of Homer Simpson running for Sanitation Commissioner. His slogan was "Can someone else do it?" Reagan, like Homer Simpson, made no sense and relied on slogans and gimmicks. But poor ol' Bush Sr. like Ray Patterson, was making sense, but no one bought his message. Seems like US keeps on electing Homer Simpson and when you think things cannot get more worst they again elect Homer Simpson. LOL! just like Springfield keeps on electing Mayor Quimby.

[26yearstoorion]

I want to throw shoes now 

[investingandsaving75]

Rachel, More people working = more people paying taxes = higher tax revenue. Hmmm, go figure! How'd Mr. Obama and his whole party do on growing jobs when they had filibuster-proof control of both houses and the executive branch?

[stupidtrooper501]

@investingandsaving75 the problem is tax cuts don't create jobs so your whole logic is bust. large companies don't make jobs only small business and most small business owners in the 80 hated reaganomics because it helped large businesses more(tax cuts work better if you pay more taxes) which out competed small businesses and forced them to shut down and made the country lose jobs. thats why bush Sr. had to deal with a recession. "its the economy stupid"

[fausto412]

@investingandsaving75 Obama pussed out when he had the votes.

[yetzchaq]

@fausto412 I agree!!! he is a weak President..

[lordhighexecutioner]

Tax increases are anti-stimulative, thus tax cuts are stimulative. Government spending is stimulative thus cutting government spending is anti-stimulative. The least efficient stimulation is tax cuts for people of low marginal propensity to consume - the rich. Tax cuts for the rich is the least efficient stimulation. It's deficit spending with the emptiest result, and is therefore the junkfood of deficit spending with the lowest nutritional value.

[merakhagen]

Government deficit can only be reduced by increasing tax and cut spending. It is same as, us, the regular people, spend less and find part time job on top of our regular job. There are some idiots who cannot under simple logic.

[lordhighexecutioner]

@merakhagen Not so. This can be achieved by doing nothing... economic growth serves to increase employment, which increases revenue and reduces unemployment payments. So deficits can be reduced without cutting spending or raising taxes.

[giggilamour]

With hope and virtue, let us brave once more the icy currents, and endure what storms may come. Let it be said by our children's children that when we were tested we refused to let this journey end, that we did not turn back nor did we falter; and with eyes fixed on the horizon and God's grace upon us, we carried forth that great gift of freedom and delivered it safely to future generations." Barack Obama, Inaugural address

[giggilamour]

What is shameful is that these evil,bigoted,xenophobe Republi-cons losers will regain partial power because us Democrats went for real policy that people actually need and not policy that would make them popular!Those monsters,war straters are using gorilla type warfare on Democracy!Intimidations,threat­hs,violent minded right wing militias hell bent on terrorism ebcouraged by the GOP/teafuckers,white supremasists are coming to spread fear and hate!May the Devil they serve eat their evil hearts!

[12235117657598502586]

The rich should be 'Forced' to invest a greater % of their profits into their business's & creating new jobs...NOT speculating those profits on the stock market!

The government should tell those super rich corporations (particularly financial companies) that if they don't invest a greater % of their profit into their business each year & create a reasonable amount of new jobs per annum, that the penalty will be higher tax's!

That way we the public will for once be in a win-win position!

[lordhighexecutioner]

@12235117657598502586 Once upon a time the tax code was set up to induce wealthy people to invest money productively. But then it became Class Warfare and an Insult to the most Virtuous People and so in the name of Simplifying the Tax Code under Reagan, most of these measures were gutted.

[bonfirejovi]

How can a tax cut ADD to a deficit? That is like preventing a bank robber adds to robbers debt. Spending adds to the debt, tax cuts dont. And this debt is not repayable, dont kid yourself into thinking you can pay it back through taxes on the rich. There is simply not enough even at 100%.

[vcdaniels]

@bonfirejovi

Say you have to spend $400 a month to keep the infrastructure of your home functional. You contribute $250 but you only get $100 a month in revenue from your rich roommates.

You take on the shortfall and spend $400 one month, accruing a $50 deficit.

-OR-

You cut the amount your roommates pay by 70%. However, your home's infrastructure still requires a $400 monthly payment. You spend $400 but with only $280 in revenue available, you accrue a $120 deficit.

-OR-

[merakhagen]

@bonfirejovi To reduce deficit, you have to both increase tax and cut spending. If your car is out of gas, you stop driving and get into a gas station to add fuel.

[classicallady]

Excellent, ewillies. Darn good. Will share with all later....