While Trying to Bash the President, Ted Cruz Ends Up Proving GOP Economic Policies Don’t Work (Video)

ted-cruz-fox-news-kellyI’ve made no secret of my belief that I think trickle-down economics is a giant con. It’s a fairly brilliant con, but it’s a con nonetheless. The entire premise behind this theory is that no matter if the economy is growing or struggling, the answer is always the same – cut taxes for the rich. For nearly 40 years, this is the economic philosophy on which our economy has been built. Meanwhile, for that same amount of time, the wealthy in this country have done better than ever before while the poor and middle class continue to fall further and further behind.

Even right now as almost every economic indicator we have in this country says our economy is doing better than it has in years, the one indisputable issue on which both Democrats and Republicans will agree on is wage stagnation. Sadly, they completely disagree on how to deal with it. Democrats want to raise taxes on the rich, increase the minimum wage and pass laws that benefit the average working American. Meanwhile, Republicans want to do what they always want to do – cut taxes for the rich and deregulate big business. Two things that, according to their failed economic theory, should benefit the average American worker – except it almost never does.

Notice the difference? Democrats support policies that directly help 98 percent of Americans while Republican policies only directly benefit the richest and most powerful among us with the “promise” that by cutting their taxes and deregulating their businesses they’ll “trickle down” that excess to the rest of us and run their companies ethically. Yet in the real world what we actually see is that cutting taxes only makes them richer and many corporations do just about everything they can to get around the regulations we have now, often only fixing dangerous or unethical issues when legally required to do so. I’m not really sure just how delusional someone has to be to honestly believe that fewer regulations would make corporations act more ethically and morally. That’s just asinine.

But it never ceases to amaze me when I see Republicans bring up income inequality because almost every time that they do, they’re essentially admitting that trickle-down economics doesn’t work.

A prime example of this came when Sen. Ted Cruz tried to bash the president by claiming that the 1 percent has thrived during his administration, clearly trying to imply that Obama’s policies have been bad for 99 percent of Americans.

After saying the rich have gotten “fat and happy” during Obama’s presidency, Cruz went on to tell Fox News, “Today the top 1 percent earn a higher share of our national income than any year since 1928.”

That’s a statement that’s actually true.

Though it’s completely ironic that Cruz would say something like this considering his party’s economic “plan” to combat income inequality is by making the 1 percent richer and blocking any attempt to raise the minimum wage.

Also, when you look at the 15 years listed by Politifact where the 1 percent earned such a high level of our national income, all but 2 (1936, 2012) preceded massive economic crashes. In fact, we hadn’t seen such income disparity since 1936 – until the years 2005, 2006, 2007, 2008 and 2012.

Amazing, isn’t it? The years directly preceding the economic crash of 2008 were years that the 1 percent earned a massive percentage of our national income – much in the same way the 1 percent did in the years leading up to the Great Depression. But I’m sure it’s just a huge coincidence that our nation’s two biggest economic collapses happened right around the time the richest 1 percent of all Americans controlled the largest percentage of our nation’s income.

It’s just absurd to see Republicans like Cruz try to claim Obama’s policies are causing these massive issues with income inequality when this is a pattern we’ve seen building for decades and it’s a direct result of the failed economic ideology his party supports known as trickle-down economics.

And when any Republican talks about wage stagnation, while also claiming that the rich are doing better than they ever have before, they’re flat-out admitting that their entire economic philosophy is one giant scam.

Watch his comments below via Fox News:

Allen Clifton

Allen Clifton is a native Texan who now lives in the Austin area. He has a degree in Political Science from Sam Houston State University. Allen is a co-founder of Forward Progressives and creator of the popular Right Off A Cliff column and Facebook page. Be sure to follow Allen on Twitter and Facebook, and subscribe to his channel on YouTube as well.


Facebook comments

  • Jim Bean

    Gasoline prices are down roughly $1.50 per gallon because of competition in the privatized oil industry. According to Obama’s Energy Information Administration, the US consumes 368.51 million gallons of gasoline per day. Consequently, that competition is resulting in more than half a billion dollars PER DAY being saved by the American consumer. Those are ‘trickle down’ dollars.

    Any one care to give me an example of something Big Bro has done for each and every consumer that compares?

    • Rob Bailey

      Oh, Bean. Once again you start out with a false premise. But I expect that from a con. Rove taught you guys well, except for the lame execution of said tactic.

      “Gasoline prices are down roughly $1.50 per gallon because of competition in the privatized oil industry”. Uh, no. Gas prices are down for a LOT of reasons: Fuel economy standards, decreased global demand (and yes, by and large oil is a commodity and prices are based on the global market), and some tactical moves by the Saudis to maintain share in a decreasing market.
      My day job is with a Fortune 50 company that maintains probably 40,000 fleet vehicles. Most Hybrid. All efficient. Usually to get to cheap gas we need something like a Bush-Cheney recession. Day is coming when we won’t need the nasty stuff nearly as much and alternatives to carbon will drive the price of crude. Trickle down my ass.

      • Jim Bean

        So as a representative of a fortune 50 company, you are on record as saying the USA becoming the number one oil producer has nothing to do with it or any of thing things you mentioned? Mr. Bailey, is it?

      • xnerd

        If you think that the tax code has ANYTHING what so ever to do with the prices in the Oil market I truly feel sorry for you.

        The PUSH for a clean break with saudis Oil has more effect on oil prices for the love of God…

      • Rob Bailey

        Please try to make a coherent question out of that gibberish and I’d be glad to reply, Jimmy. Specifics, please.
        If the point you’re trying to make is that global “competition” is fueling (pun intended) decrease in gas prices, then read Mr. Mathews post. He’s right. And if you are trying to refute that (Dem led leadership) on fuel economy, then you’re wrong. The fact that I work for a big corporation that is smart about fuel economy has nothing to do with your assertion that a “privatized oil industry” has led to $2.00 petrol. Like I said, it’s not that simple. Fact. Guess you guys have to dumb it down pretty far to sell it…

      • Casey Deters

        Last time I checked the federal government has gotten bigger every year. State governments have also gotten bigger every year. Regulations and more red tape. Try to start a business … licensing fees , application fees many of which big business uses to stop competition from ever starting. I had a big eye opening experience several years ago. I thought all businesses wanted the government out of their business. But the opposite is true in many cases. Many of the company’s I have dealt with throughout the years love big government with lot’s regulations they can absorb the cost while preventing compatition from ever starting their own company. Less competition = higher prices= lower wages.
        I pray one day this country will go back to true capitalism not this mutant combination of government married to crony capitalism . Freedom is always the answer !

      • Jim Bean


      • Raylusk

        Well then you need to recheck your facts. Public employment in this country is down by 700,000 jobs. Get a clue.

      • markmac123

        Ray you’re asking a conservative to get a clue. They don’t do clues/common sense/truth.

      • Casey Deters

        in 2010 the code of federal regulations top 1 million….. 174,545 pages as of 2013
        The index for the CFR runs 1,242 pages.
        The US government doesn’t even know how many agencies and programs it has the CBO & GAO were not able to give a list too the Daily Caller when asked they just referred them to each other very impressive don’t you think. The best answer I could find is around 2,000.

        I think you have over looked the fact that just because the number of employees is down doesn’t mean that it is shrinking.
        What I meant is the power that the government has is growing. Do you know what the 4000 or so regulations past last year were about ? Most weren’t past by Congress and signed by the President they were put in place by these agencies.
        Civil liberties lawyer Harvey Silverglate estimated that the average person unknowingly brakes at least three federal criminal laws every day. Think about it my friend that is all I am asking.

      • Timothy Mathews

        America is not and will never be a top oil producer. OPEC dropped the price of oil to put the oil shall producers out of business. Oil on the world market has to be above $80 a bbl for them to make a profit. Oil will stay at way below market value, until all the small shall producers in America are out of business. (Nobel, Anadarko, Buffalo energy)

      • William Reed

        At 9 million barrels/day of production the United States is the 3rd largest producer of oil in the world. Not far behind Saudi Arabia (9.6) and Russia (10.5).

      • Timothy Mathews

        That might be the case, but we will never be energy independent because we can’t pump 9 ml lion bbl a day.

      • Timothy Mathews

        In Saudi Arabia, they can punch a 8,000′ Oil well, and not have to frack. The oil just flows. In America oil is locked in Shale, and they have to frack to produce. These shale well could produce gang busters for a month or two, then it depletes, or goes from producing 1000bbl a day, to 10bbls a day, with help from pumping natural gas down the hole. In the Middle-East oil well can produce 1,000bbls an hour for 20 years.
        Once a shale well depletes, they have to drill another one to keep up production.

    • Michael Coone

      That’s not how trickle down economics works.

    • Jordan

      Half a billion… Divided by number of people in the US… Hard math… Must calculator…

      Woah! You mean I’m saving a whole $1.58 per day?! I’ll go buy half a snickers bar…

      Come on dude… Really?

    • acuvox

      The best investments are education, infra-structure and research; the worst investment is military, because it consists of destructive tools and technology (except the occasional Corps of Engineers project). The price of gasoline includes taxpayer subsidized oil company profits and does not include destruction of the environment and the sickness of pollution. 1/3 of the US medical expenses are from producing and burning fossil fuels! I bet you are a fossil fool, who sees driving cars as an American Right, instead of obsolete evil.

      • Jim Bean

        ” I bet you are a fossil fool, who sees driving cars as an American Right, instead of obsolete evil.”

        And I’ll bet you are city-dweller with easy access to public transportation and with very little in the way of life experience outside of what can be streamed to you through your electronic devices. And I’ll bet you are a Liberal. You know how I could tell that? Because Liberals are notorious for righteously advocating for sacrifice for the common good in situations where they know they won’t be the ones making the sacrifice.

        But you are right about me. My wife and I will be dragging our little camper behind my CO2 spitting pickup all over the East from April thru October.

        I might feel guilty except that I know if I gave it all up on your advice, twenty years from now when we have no choice but to accept that the CO2 problem is unsolvable because the rest of world won’t play ball, you would not feel the least bit of remorse over what I sacrificed on your advice. Liberals are also notorious for their ability to absolve themselves of any outcome they caused, no matter how horrid, with a simple, “well, we meant well.”

  • Mark Stone

    The real irony is that the uber rich don’t get their income off of their own hard work but by churning money and exploiting the swear of those whose labor they exploit. They are now talking about income inequality in an effort to re-brand themselves to appeal to more voters but they don’t change their ideology and still support the redistribution of wealth to those who give them the money to rig the electoral process. Anyone who thinks the FLIP party (fears, lies, ignorance & propaganda party aka repubs) is for the true working men and women of this country suffers from cranial rectitus.

    • Jack

      You mean just like George Soros made billions without producing anything?

      • Einar Jensen

        You’ve made your silly remark, now go and let the adults discuss this. The fact you attack a target chosen for you by your handlers shows you are nothing but a tool. So sad you have nothing intelligent to add…

      • Jack

        So let’s see. David Koch has given away $100 million to New York Presbyterian Hospital, $100 million to the City Center of Music and Drama, $65 million to the Metropolitan Museum of Art, $20 million to the Museum of Natural History, and $10 million to Mount Sinai Medical Center. (Source: Wall Street Journal)

        These are obviously, all evil right wing organizations (sarc).

        George Soros has given away $7 BILLION to the “Open Society Foundations.” (Source: George Soros website). Soros’s Open Society advocates a “One World” Government and massive wealth transfers from western countries (especially the US) to the third world, and transfer US foreign policy to the United Nations.

        Open Society actively supports the most radical groups to promote an extremist “progressive” ideology, not to mention other groups that defend suspected anti-American terrorists and their abettors.

        Oh those evil Koch Brothers. How dare they donate money to a hospital while a terrorist needs legal help, or a communist needs funding for his or her cause.

      • Justapooorpeddler

        “We can have democracy in this country, or we can have great wealth concentrated in the hands of a few, but we can’t have both.” – Louis D. Brandeis quotes …

      • Jack

        Thank you for proving my point. As my example shows, David Koch gives away his money to help people and society. George Soros spends his money on political organizations that follow his leftist and progressive socialist agenda.

        David Koch’s money helps sick children. George Soros’s money funds Media Matters. But you go on believing what you are told to believe.

      • mdhome

        Be a Kochsucker if you want

        In 1980, David Koch ran as the Libertarian Party’s vice presidential candidate.

        Here are just a few excerpts of the Libertarian Party platform that David Koch ran on in 1980:

        “We urge the repeal of federal campaign finance laws, and the immediate abolition of the despotic Federal Election Commission.”

        “We favor the abolition of Medicare and Medicaid programs.”

        “We oppose any compulsory insurance or tax-supported plan to provide health services, including those which finance abortion services.”

        “We also favor the deregulation of the medical insurance industry.”

        “We favor the repeal of the fraudulent, virtually bankrupt, and increasingly oppressive Social Security system. Pending that repeal, participation in Social Security should be made voluntary.”

        “We propose the abolition of the governmental Postal Service. The present system, in addition to being inefficient, encourages governmental surveillance of private correspondence. Pending abolition, we call for an end to the monopoly system and for allowing free competition in all aspects of postal service.”

        “We oppose all personal and corporate income taxation, including capital gains taxes.”

        “We support the eventual repeal of all taxation.”

        “As an interim measure, all criminal and civil sanctions against tax evasion should be terminated immediately.”

        “We support repeal of all law which impede the ability of any person to find employment, such as minimum wage laws.”

        “We advocate the complete separation of education and State. Government schools lead to the indoctrination of children and interfere with the free choice of individuals. Government ownership, operation, regulation, and subsidy of schools and colleges should be ended.”

        “We condemn compulsory education laws … and we call for the immediate repeal of such laws.”

        “We support the repeal of all taxes on the income or property of private schools, whether profit or non-profit.”

        “We support the abolition of theEnvironmental Protection Agency.”

        “We support abolition of the Department of Energy.”

        “We call for the dissolution of all government agencies concerned with transportation, including the Department of Transportation.”

        “We demand the return of America’s railroad system to private ownership. We call for the privatization of the public roads and national highway system.”

        “We specifically oppose laws requiring an individual to buy or use so-called “self-protection” equipment such as safety belts, air bags, or crash helmets.”

        “We advocate the abolition of the Federal Aviation Administration.”

        “We advocate the abolition of the Food and Drug Administration.”

        “We support an end to all subsidies for child-bearing built into our present laws, including all welfare plans and the provision of tax-supported services for children.”

        “We oppose all government welfare, relief projects, and ‘aid to the poor’ programs. All these government programs are privacy-invading, paternalistic, demeaning, and inefficient. The proper source of help for such persons is the voluntary efforts of private groups and individuals.”

        “We call for the privatization of the inland waterways, and of the distribution system that brings water to industry, agriculture and households.”

        “We call for the repeal of the Occupational Safety and Health Act.”

        “We call for the abolition of the Consumer Product Safety Commission.”

        “We support the repeal of all state usury laws.”

        In other words, the agenda of the Koch brothers is not only to defund Obamacare. The agenda of the Koch brothers is to repeal every major piece of legislation that has been signed into law over the past 80 years that has protected the middle class, the elderly, the children, the sick, and the most vulnerable in this country.

        It is clear that the Koch brothers and other right wing billionaires are calling the shots and are pulling the strings of the Republican Party.

        And because of the disastrous Citizens United Supreme Court decision, they now have the power to spend an unlimited amount of money to buy the House of Representatives, the Senate, and the next President of the United States.

      • George Nestico

        Boy you really are one stupid how do i say Idiot we are are talking about the Koch brothers who were doing business with Iran right, we are talking about the Koch brothers who founded and fund Alec right,we are talking about the Koch brothers who’s daddy was thrown out of the U.S. for doing business with the Nazi’s and was a Nazi sympathizer, the same Koch Brother who had three uncles in the nazi SS ,the same koch brothers who’s daddy was co-founder of the John burch socity lol smh we are talking about the same koch brothers who have no problem with giving 1 billion to the 2016 campains, have spent a half a billion on local elections, and are now spending millions for local state elections of school committee members , we are talking about the Koch brothers who are spending millions to Universities if they implement a class that promotes their economic conservative theories only and they !!! not the university picks the professor, you are talking about the Koch brothers who are spending three times the dollars to do away with environmental restrictions then it would cost them to to abide by them you jack haven’t a fucking clue, or you work for the Koch brothers as a troll to which they hire many to do what you are doing kissing their ass while your head is stuck up your ass. here a thought they could by every single American in this country two and a half homes, they could end world hunger for five years,yet you point out things about the Koch brothers that get them very large Tax breaks. thanks for playing just the same Jethro

      • GHY1

        they do both good and bad but the bad is worse than the good by the bribery of politicians and paying to get them in office

      • u_go_guys

        Kochs were not even mentioned, and Soros was not ruled out as party to this ‘phenomenon’. But let’s discuss Kochs.

        GOP (Kochs) > small government = privatization (every function governed, owned and executed by corporations sans regulation) = fascism. One state at time.

        Why do liberals attack the Kochs so viciously? The Kochs ideology is in direct conflict with liberals’, and their attacks are targeted directed at Obama. “They have a pattern of law breaking, political manipulation, and obfuscation.”
        – “In Washington, David Koch is best known as part of a family that has repeatedly funded stealth attacks on the federal government, and on the Obama Administration …in particular.” “The brothers have funded opposition campaigns against so many Obama Administration policies—from health-care reform to the economic-stimulus program—that, in political circles, their ideological network is known as the Kochtopus.
        – They “are longtime libertarians who believe in drastically lower personal and corporate taxes, minimal social services for the needy, and much less oversight of industry—especially environmental regulation.”
        – “The University of Massachusetts at Amherst’s Political Economy Research Institute named Koch Industries one of the top ten air polluters in the United States. And Greenpeace issued a report identifying the company as a ‘kingpin of climate science denial.’ The report showed that, from 2005 to 2008, the Kochs vastly outdid ExxonMobil in giving money to organizations fighting legislation related to climate change, underwriting a huge network of foundations, think tanks, and political front groups.”
        – “Charles Lewis, the founder of the Center for Public Integrity, a nonpartisan watchdog group, said, ‘The Kochs are on a whole different level. There’s no one else who has spent this much money. The sheer dimension of it is what sets them apart. They have a pattern of lawbreaking, political manipulation, and obfuscation.'”

        +MUCH, MUCH MORE vvv


    • kevinbarry

      Obviously you’re not rich. what about the folks that borrow money or risk it all to create a business to provide employment for people ? This is all you idiots think about, is you’re not rich, so no one else deserves to be rich either, no matter how hard they worked to get there. The only one suffering from the head up their ass syndrome is idiots like you, who can’t see the realty, of those who do make money, are footing the bill for the 50 plus % who contribute nothing. And those with the money always make the rules, where the hell have you been ? I will how ever agree the ruling elite, in both parties, have completely destroyed the Republic, and that we can agree. The Koch brothers who I’m sure you hate, actually provide thousands of jobs, many of the Award winning Union outfits in addition to Millions of dollars to charities, Hospitals and medical research. But that wouldn’t fit your ignorant narrative now would it ?

  • Mainah

    I don’t remember Cruz voting to increase minimum wage. In fact, he’s for cutting taxes for the rich. He’s such an idiot. He doesn’t even understand the facts he just spewed. He makes me want to punch his lips off, if he had them. I don’t know what it is … the stupid smirk with the squinty eyes face he makes before he speaks, the stupidity that flows out of his mouth? I just can’t put my finger on it.

    • Josh Jones

      It’s a used car salesman look. He’s got a great deal on this used Chevy for you. Greasy used car salesman.

    • rossbro

      He is one slimy heartless bastard.

  • strayaway

    President Bush is remembered for creating a huge 10 year tax cut for the rich. That’s trickle down economics. President Obama should similarly be remembered for making half of Bush’s tax breaks for the rich permanent. After 20 years, Obama’s trickle down legislation will surpass Bush’s. Obama has also signed three free trade agreement and is pushing to fast track the TPP to sink the middle class. And how about Obama’s November immigration dictates? He is handing out work permits to 5M illegal aliens so they can compete for a wider array of US jobs at lower wages. That should further kill off union jobs. Obama’s Senate passed amnesty bill guarantees that twice as many foreign IT workers will replace higher paid US middle class IT professionals.

    Under Obama, median US family have declined while the 1%’s share of the national wealth has accelerated even compared to under Bush. Go ahead, though, raise minimum wages at the state level. Higher minimum wages will cut welfare, the number of welfare agency workers, and inspire robotization technology to replace workers and increase productivity. I wish though that students were exempted so they could find work, experience work, and not be turned into such college loan debt slaves.

    • xnerd

      Yes Under Obama but BECAUSE of republicans namely Bush

      • strayaway

        Ah, President Obama made half of Bush’s tax cuts permanent, was a cheer leader and voted for the wall Street bailout as Senator, passes free trade legislation, promotes the TPP, passed on worthless loans from the banksters to taxpayers at full face value on Christmas Eve 2009, because of Bush. Thanks for helping explain that.

      • tstewart2

        Not to mention the billions in “Quanitative easing” that have found their way into the stock market and banks.

      • markmac123

        People with a brain knew Obama was NOT a liberal before he was ever elected president. Fox “news” succeeded in convincing a lot of cons that he is some liberal boogie man but he’s always been a right leaning Dem on economics as well as some social issues (he was against gay marriage before he was for it).
        Fact is, the ONLY thing keeping Obama from being more rightist is the more liberal members of the Dem party.

      • Andy Kinnard

        Correct. You’ll rarely see either side step out of line where it concerns the interests of Wall Street and the International Banksters.

  • Saaby000

    Here’s just some common sense logic. If the GNP has been on a constant growth trend, except during 2008-2009, and if the Middle Class has remained flat since 1975 and actually went down since 2007, then where was all that GROWTH hiding? And, who got the BIGGEST tax break since 1975?

    BTW, I forgot to mention that worker productivity has been constantly growing at the same rate that the countries GNP has been growing.

    So now if we combine all of these facts and trends and just use our common sense, we can see the undisputed TRUTH that 99% of Americans are hard workers and can constantly produce more and more output with their hard work year after year, but, the REWARDS from all that EXTRA effort only Rewards the 1% at the top. And since the 1% really believes that, they are now rewarding themselves 400 times more than the reward the Middle class is sharing.

  • The Reader

    Ethics with the rich corporations went out the window with the “me” generation. It’s come back to kick the Middle Class in the behind, and yet voters continue to support the believers in congress who live by this philosophy. It tells me eligible voters still haven’t learned the penalties of not voting or they are being restrained from voting by some force (?), intentional or otherwise. We take some rights too lightly and over think others. Humans are like that. The brain doesn’t use its mental powers with compassion or integrity.

  • Fred Bastiat

    The irony of piles of dead from progressive policies of centralized control is lost on the stories author.

    • Mannock

      This is true. Look at your comment, Fred. You were educated in that progressive system and you can’t put a sentence together properly and you use incorrect words. That is a result of progressive education. Or you’re just an imbecile.

      • markmac123

        Is called willful ignorance. Fred is probably smart enough to get it, he’d just rather cling to his failed ideology.

      • Mannock

        Good point, Mark. And a sad one at that.

      • mdhome

        Must be the socialist school system.

  • Gurina Kaye Psait

    What a tool.

  • Keith

    Since Cruz has no relationship with the truth at all, he would not recognize when he is contradicting himself.

  • GenerallyConfused

    Hypocritical to the end. Sometimes a really do wish these guys would stop towing their party line and open their damned eyes…but then I remember that I’m reasonably sure they already realize it and don’t give a hoot.

  • boblgumm

    An additional reason I need to hop into the shower.

  • billybear3

    Does this guy know what truth and facts are? He lies about everything. Republicans are the ones protecting the rich guys, Republicans are beholden to the Koch’s. Republicans have said no to every jobs bill. In spite of all that the POTUS has still gotten the country back on track.mimagine if the GOP helped out just a little bit. Now they are trying to co opt the President’s policies for helping the middle class. We’ve seen what Republicans have done to our country and it hasn’t been good.

  • Obamacampaignspokesman

    Thank you to all you dumb, stupid, deaf, and blind liberals for distorting simple facts. We wouldn’t be able to keep our wealth and widen our $$$ gap from the mass poor without them believing our welfare and big government scams. Please keep posting false, hateful articles against hard working patriots…oops I meant evil conservatives. Hilldog KKKlinton & MoniKKKa LewinsKKKy (lets not forget we invented the KKK) 2016 🙂

    • Raylusk

      In your ridiculous rant you forgot to mention that the blue states are supporting the red states by sending more money to the. Federal government then they receive while the red states do the opposite. In addition the biggest economies are in blue states.

      • Jack

        That right, Texas, the fastest growing state is blue.

      • mdhome

        Check recent info on Texas, only reason they have been doing good is they have OIL and lots of it, but the price of oil is going down, bet their numbers will take a big hit.

      • Chinny Chutney

        Texas will never do anything wrong. Hopefully they sell Austin to California and deport all those “weird” libtards.

    • markmac123

      Fact-free, idiotic post. Typical Republican.

    • usorthem3

      Your wife/sister is calling you for hamburger helper dinner.

    • Chinny Chutney

      Good points. Let’s not forget the ridiculous libtards who post here

  • Antonious

    Look everyone, income inequality is a problem and republicans see it. They don’t want to raise taxes on the Middle and then cut at the top. True conservatives (like Cruz and Paul..NOT the Bush family) want to see government scaled back to bring on investment and entrepreneurs from the low, middle and 1%. I have watched the economic documentaries by the fool Micharl Moore and the naive Robert Reich. Moore I cant stand he is a hypocrit for the most part, Reich is a likeable guy and I feel like he is one of the few politicians who actually does care about people. They both cite tax rates on the rich being super high after WW2. Let’s go over a quick history, we need to remember that europe, Japan, and China were destroyed. Africa, indochina, and South america were all unstable. There weren’t many places to do business, so you only had a few choices: US, Canada, and Australia. So here in the states we could enact and enforce high tax rates and high labour rates because this was one of the few places to do business.

    If you look at the time when China, Korea, and vietnam stabilised. these were the times our economic issues began. Nixon really got the ball rolling with his visit to China, yes that one falls on the republicans, however it is also part of a globalist agenda.

    What I personally feel needs to happen is we need to cut the red tape for small and mid sized business, we need to lower capital gains and offer more tax breaks to middle class and down who invest income into capital gain assets. We need to cut taxes especially go small to midsized business, we have one of the highest corporate tax rates in the world! We need to cut that, so that way it isn’t profitable for corporations to invert their corporate headquarters and keep profits over seas. Also we do need a minimum wage increase, but not to $15 fast food that is ludicrous. $9 maybe $10. If places like chicago and San fransisco had lower property tax rates it would be much easier of lower income people to survive there.

    It is no longer feasible to enact laws, regulations and tax investment and corporations. There are just too many places in which they can do business. The usa is only the 11th “most free” on the economic freedom index. We need to make it more lucrative for the lower-middle classes to invest their money. We need to make the usa more business friendly, cut some (not all) the red tape for all businesses.

    This was typed on my phone, so my grammar may not be the best and all that business.

    • Andy Kinnard

      The working class doesn’t have investment money. We’re all struggling to get by and barely contributing to 401Ks. Lowering capital gains doesn’t help build small business; it helps ownership take profit out of the business (which does not grow it). You geo-economic historical overview is important information but does not reveal the full picture that includes the effects of the Reagan overhaul of the tax code. There’s so much more, but I’m not typing it all on mobile. Congrats on a reasonable presentation: Nicely done.

      • Antonious

        Well unfortunately around the Reagan years the full effects of sleeping with the enemy (China) was coming into play. I never have supported Nixon’s whole crusade to bring China and the US together. I know why he did but I don’t support it, we get cheap goods and a whole new market opened up for selling. However. I feel we sold our soul on that one. I hear the call on working class not having investment money, I worked retail management for 6 and a half years and went to school full time. I am just about the oldest intern, 26 years, at a big accounting firm haha. So I know what its like to struggle and juggle real world issues and trying to get ahead. I would argue the point that capital gains does help small business, my dads construction corp pays tax on income and then when he draws he pays capital gains. The higher he is double taxed the less purchasing power he has, and the less he will pay employees. Although I will concede not all owners will see it that way. We are in a tough spot as a nation, from my perspective the left is militant and pushing my beliefs further right. However, I bet those opposite of me feel the same! I think that is the fundamental issue, we need more compromise. I remember learning in my Poli Sci classes, my professors saying how close our two sides were but I think that is changing. Thank you for your response, you made solid points.

      • Andy Kinnard

        He is not “double taxed”. The corporation is taxed once, then his distributions are taxed. You can’t have the protections of a corporation then claim that corporation is equivalent to you. The whole reason he pays himself that way (favoring disbursements vs salary) is to incurr the capital gains rate vs the burden of standard payroll and income taxes. That whole “double taxation” argument has always been confabulated and derivative of an arbitrary line in the economic sand (where money is continually and cyclically moving); there exists no natural line before which one could consider a tax to be “first” or “last” in applying to a given income stream because there is no beginning or end to those streams…they are continuous. It’s an internally logically inconsistent proposition to speak of “double taxation” where one tax is on corporate profits and the other is on personal distributions.

      • Antonious

        He has put his own money to invest in the corporation, no different than you and I buying bonds or stocks with our net income. I am not arguing that he should get his disbursements tax free, I think if the corporation is taxed at the income level it is fair he pays capital gains. I don’t think it would be right to force small business owners like that to pay corporate and personal income tax. He must take his disbursements and reinvest them into the business, so I think giving the capital gains treatment is more than fair.

      • Andy Kinnard

        He can reinvest profits without taking disbursements and completely avoid capital gains. That’s why increasing its rate encourages business reinvestment. From whence the money came is not important (except at an emotional level); it’s a corporation, legally distinct from ownership. The corporation gets taxes as a corporation. His distributions are taxed as personal capital gains. no entity is taxed twice.

  • Jim Bean

    If ‘trickle down’ is a fictional concept then I have to conclude that stagnating wages must be entirely the governments fault.

  • Antonious

    We have spent $22 trillion (adjusted for inflation) on the war on poverty since Racist LBJ started his “great society”. Do you progressives not see what that premise was started on? $22 Trillion….and the war on poverty is an unfortunate failure.

    We need to get the government out of people’s lives, cut some of the red tape, make it feasible for lower and middle class people to start businesses. We have the highest corporate tax rate in the industrial world, where has that taken us?

  • VoiceofReason

    Ted Cruz, you ARE the original PIECE OF TRASH.. you’re F’ing Crazy and need to be in a mental ward.. and you EMBARASS the hell out of us TRUE, EDUCATED, DEMOCRATIC TEXANS !!

  • Nancy Bowman

    I love my President! This guy has refused to work on anything the President has tried to do about raising the minimum wage..He’s a Republican isn’t he? And NO freekin pipeline!
    What they are really upset about here is that the President wants to tax the rich and their offshore accounts to rebuild OUR broken infrastructure and rebuild the middle-class. I agree with my President! They are the ones only saying what they have to say to get our vote or else they’d be working with our President as we speak and it would be done already!
    Our President has already proven himself!

  • David Higgins

    The Republicans are playing the ju jitsu game–i.e use your opponent’s force to throw your opponent. They are assuming ownership of what the Democrats have wanted for six years now and making it seem that like it is their own initiative. Fuck them.

  • Jack

    It makes perfect sense that progressives are against the evil system they call trickle down economics.

    Their system of trickle up poverty is far superior.

  • Walter Eagle

    He says “For over a decade now, median wage has stagnated” not seeming to understand that Obama has been President less than a decade.

  • u_go_guys

    This is the difference: On the right, “nuance, subtle thinking and critical insight are well beyond the grasp” so that every dumbed-down, pandering, bigoted, remark directed at them sounds valid because it is already their indestructible “truth” (delusional belief). Delusion is typically a symptom of mental disorder.

  • Justapooorpeddler

    Cruz could and would not go on Hard Ball with Chris Matthews and get a pass to deliver the nonsense he just delivered to Kelly.

  • mdhome

    IF tax cuts for the wealthy made for more jobs for the 98%, we would be begging the Mexicans to come across the border to help fill some job openings.

    • Jack

      But the Mexicans ARE coming across the border – illegally – along with Hondurans, Salvadorians, and Nicaraguans.

      They are not coming for the jobs created by the tax cuts you demonize. Oh no. They are coming here for something that progressives champion and support: free education, free health care, free or subsidized housing, free food stamps, free phones, and all sorts of other benefits, paid for by all taxpayers.

      This is the progressive method of fairness. Take from hard working Americans and give to others that do not even belong in the US, all managed by an ever growing leviathan government that is sure to take its cut.

      Here is something progressives are incapable of understanding. Even if you tax those evil rich people 100%, you will still have poor people. You will still have the unemployed. You will still have economic disparity. And you will just find someone else to demonize in the name of social justice.

      • mdhome

        You could do with some education in economics.

      • Jack

        I notice you did not even attempt to counter any of my statements. More proof that facts to progressives are just to be ignored.

        The only part of my comment related to economics was “even if you tax those evil rich people 100%, you will still have poor people….”

        Please educate me. Since you are an expert in economics, describe to me IN DETAIL, how taxation of 100% of a group of people – namely “the rich” – provides prosperity for another class of people.

        Myself and anyone else with an open mind eagerly await your answer.

  • Justin Kirchner

    What do you all think quantitative easing is? Obama is practicing trickle down economics. The fed has been pumping billions into wallstreet for 6 years. Is it any wonder the stock market is at an all time high and wages are stagnant? Get a clue.

  • Cæsar_Had_Epilepsy

    It’s so sad that Republicans will now defend corporations and billionaires over themselves and their fellow Americans. See delusional and made up excuses for the 1% in the comments below or most likely in reply to this comment.