Last night, White House Press Secretary Jay Carney picked a Twitter fight with Republican Congressman Justin Amash over sequestration. We'll get to that online battle in a moment, but first, a word on Rep. Amash's misguided comments that caught Carney's attention in the first place. Amash has been publicly blasting Republican leadership for aggressively pinning the sequester on President Obama, arguing that it's "disingenuous" for members of Congress to vote for a compromise, then blame it on the other party. This needlessly and foolishly undermines the GOP's messaging on the issue. Republicans are not saying that the sequester is...
Take a look at ANY - not counting, of course, the Cato Institute or the American Enterprise Institute - real, neutral economic analysis and it show unequivocally that the disparity in wealth towards the wealthy has gone hand-in-glove with typical 'supply side' measures such as tax cuts for the wealthy. This is not opinion; it is fact. Similarly, all trend lines of middle class spending power has also slid proportionally to supply side actions. Again, pure fact. You need to remember that the supply side argument is that the 'savings' will go back into the economy creating more 'wealth' when, in fact, these savings went into private investments and the so-called FIRE industries (finance, real estate) that benefit ONLY the already rich.
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