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Originally Posted by dc_dux
Reaganomics, the core of which was massive tax cuts with the assumption that it would "trickle down" and stimulate the economy. It failed.
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"Welfare state" policies are at the root of economic failure.
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Americans depended more on government assistance in 2010 than at any other time in the nation's history, a USA TODAY analysis of federal data finds. The trend shows few signs of easing, even though the economic recovery is nearly 2 years old.
A record 18.3% of the nation's total personal income was a payment from the government for Social Security, Medicare, food stamps, unemployment benefits and other programs in 2010. Wages accounted for the lowest share of income — 51.0% — since the government began keeping track in 1929.
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Americans depend more on federal aid than ever - USATODAY.com
Poor people do not generate economic growth or drive standard of living improvements - the "rich" do that. If Obama has the right plan, when is it going to start working? Obama's class warfare approach has severely hurt what would have been a normal recovery from a recession. Reagan had it right.