Ted Cruz is a bit of a paradox for the Republican party. It’s clear the vast majority of conservatives in Congress can’t stand him, but at the same time he’s a hero to the radical right. When you look at it, Cruz actually epitomizes the ridiculousness of the GOP. He’s someone who’s adored by the most “conservative of the conservatives,” yet he’s loathed by many members of his own party because he blatantly panders to the most radical right-wing voters.
In other words, many Republicans in Congress can’t stand him for being exactly what many voters within their own party want their politicians to be. Especially Southern and rural conservatives who love the “Democrats are the devil!” attitude Cruz displays.
The truth is, Cruz is a terrible senator. The fact that his only real “strategy” as a politician is to tell tea party voters what they want to hear often leaves him looking like a complete idiot.
Just like recently when he tried to bash President Obama on Fox News, but ultimately just ended up proving that trickle-down economics is a scam.
Well, he did it again, this time during an interview with ABC News where he tried to bash both President Obama and Hillary Clinton by claiming that the economic policies of Democrats only benefit the rich.
Well, look, if Hillary Clinton wants to run by telling Americans that the economy is doing great and you can credit President Obama and Hillary Clinton for that, I would encourage her to follow that strategy. Because the simple reality is, that’s true for the wealthy. The top 1 percent under President Obama, the millionaires and billionaires that he constantly demagogued, earned a higher share for our income than any year since 1928. Those with power and influence who walk the corridors of power of the Obama administration have gotten fat and happy under big government.
Now Cruz is right that for one year during Obama’s presidency (2012) the top 1 percent of Americans earned a higher share of our income than during any other year since 1928. But as we all know, Obama’s been in office for six years, so his generalized statement blanketing Obama’s entire presidency with this claim isn’t accurate at all.
But what Cruz doesn’t say is that for the years 2005, 2006, 2007 and 2008 (years under George W. Bush which preceded the worst economic crash in nearly a century) we also saw the top 1 percent of Americans earn a higher share of our income than at any time since the Great Depression.
So, if Obama’s policies have been a “failure” because this phenomenon happened in 2012 – just what in the hell would Cruz say about Bush’s presidency considering this happened four out of his eight years in office? And not only that, but it happened in the 4 consecutive years preceding a massive economic collapse.
But there’s also another glaring reality Cruz fails to mention: Even on Obama’s watch, we’re still being governed under the economic principles of trickle-down economics as taxes continue to remain at historic lows.
The fact is, Cruz pointing out how well the wealthy are doing is essentially admitting that trickle-down economics doesn’t work. After all, the entire premise of this economic theory states that as the richest among us flourish, the better it is for the rest of us. Well, if the richest among us are doing better than they have since the 1920’s (and they are), then why isn’t the wealth of the middle class growing at the same record pace as the 1 percent has the last four decades?
So the real question is, just how large a percentage of our wealth does the 1 percent need to have before it begins to “trickle down” to the rest of us?
Watch his comments below via ABC News: