Here is how the Republican Party has conned America for over 30 years


Rawstory has the article Here is how the Republican Party has conned America for over 30 years.

And it all seemed to be going so well, just as it did in the early 1920s when three consecutive Republican presidents cut income taxes on the uber-rich from over 70 percent to under 30 percent. In 1929, pretty much everybody realized that instead of building factories with all that extra money, the rich had been pouring it into the stock market, inflating a bubble that – like an inexorable law of nature – would have to burst. But the people who remembered that lesson were mostly all dead by 2005,

I am too young to have experienced the 1930s, but I am old enough to have studied economics before Reagan came upon the political scene. That is why I have been trying to promote awareness of the information in this article since before I started this blog.

It is definitely an uphill battle to get people to acknowledge what we knew for the 50 years preceding Ronald Reagan’s ascendancy.

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