How Reaganomics Destroyed The Middle Class...And Maybe America

The National Debt went up under: Carter 41%, Reagan 186%, Bush Sr. 53%, Clinton 40%, Bush W. 77%.

Do Republicans want to have the Chinese take over greater parts of America by skyrocketing our debt just to give the rich a new Mercedes every year with OUR MONEY?!? Trickle down doesn't work. Bush was proof of that, having created less jobs than any President since Herbert Hoover. That's right FDR created more jobs in his 1st term, before the WWII & during the Great Depression! Rich invest their money overseas, places like...China!

Hmmm...

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• Supply
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• tax
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• cuts
• Reaganomics
• Ronald
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• middle
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[NephandiMan]

To the uploader of this video: while you are correct in your assessment of Republican economic policies and the destruction they cause, your implication in the video description that the public debt means that China will one day own us is unfounded.

As Chris Hayes explained while guest-hosting a recent episode of this program, the great majority of American debt is owed by Americans to other Americans. China owns about eight percent (8%) of it, or 1.1 trillion of the $14 trillion debt.

[CaptainRidley]

@OverseerJames The top class got tons of money Middle class shrunk. This is somehow a good thing?Trickle down theory never works. After eight years of Clinton we had a surplus.

[Tikiman03]

Tax cuts do grow the economy. So does government spending. That's why the economy is improving right now, they have kept taxes low and pumped money in to deal with the recession. They should'nt have cut taxes so drastically though, even a couple percent has a big effect. Can't believe he lowered their tax rates 20%.

[OverseerJames]

lol all this video did is prove Reaganics worked. I like how its so hard for liberals to admit it worked. They're always saying things like, "but... it was... um bad in the long run... (even though we didn't have an economic collapse until 2008)" They never explain how a rise in wealthy income is a bad thing lol someone needs to retake economics

[TheGoyanks]

Regan was a joke

[splicedenergy]

@jaimepanama NO ONE has claimed it would fix it. So why are you assuming that? That's your mistake. Secondly, though it will not fix it but it will help. To think that we shouldn't raise taxes on the richest after knowing it doesn't do anything but take from people that work paycheck to paycheck if they can get a job in the first place is really stupid.

[asdfqwervd]

@alieighty i believe that everyone needs to work hard...and work to their abilities or maybe a little beyond but under this current economic regime, the top sucks up so much wealth, it's not possible for the bottom to work hard enough. i mean...there has to be some labor rights and human rights involved too, and people should realize that. We cannot compete against a country that violates human rights and labor rights, like China. yet American corporations/CEOs love hiring China.

[alieighty]

@asdfqwervd Exactly! Wealth does not trickle down - it bubbles up! There is no such thing as a self made man. Every 'self made' millionaire needed somebody to work for him and somebody to buy from him.

[asdfqwervd]

@alieighty other words...trickle UP economics! spread the word, buddy

[asdfqwervd]

i want to destroy all Republican politicians