Watching the rich get richer, and the poor get poorer

Posted: Monday, February 09, 2009

In the last eight disastrous years income inequality has increased and there has been no responsible government oversight of the stock market. This has allowed our economy to free-fall into an abyss of debt. The Republican solution is still more tax cuts for corporations and the rich. When did that work? Answer: The Gilded Age. Who did it work for? Answer: It made the rich richer and the poor poorer.

President Bill Clinton abetted corporate America in exporting more American jobs so investors on Wall Street could reap bigger profits from sweatshop labor in the Third World, leaving Wall Street richer and American workers poorer. But lets face it, Clinton was hemmed in by a Republican-dominated Congress.

The Republicans have been chanting "tax cuts, small government" for the last 28 years and look at the results. They said tax cuts would increase wealth and investment (the investment went to Third World sweatshops), and that the increased wealth would "trickle down." I feel the trickle - cold, clammy and it doesn't smell like money. It smells like sewage.

I'm astounded that Republicans still believe their failed economic policies should be tried again and that Americans should follow. It was President Franklin Roosevelt's policies, not President Herbert Hoover's, that got us out of the Great Depression, and a form of the same will probably get us out of this one. I had hoped that, since the boat is sinking, we might stop the squabbling and row together toward shore. Time's a'wastin.

Lisle Hebert


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