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Anatomy of a Flop: GOP "Cliff" Counter-Offer Fizzles

toucan1953 Wrote: Dec 04, 2012 7:17 PM
The new economy laissez-faire of the past three decades promised that deregulation, lower taxes and free trade would lift our economy. It argued that sharply reduced taxes for the rich would generate the capital for America's economic growth. They asserted that free market would spread the wealth. Clearly, that is not what happened. The middle class was left behind. ______________ And Buck O responded with: It's clear that's what happened except to morons like you. __________________________ Is that the most intelligent response you can come up with? How pathetic
Chestertonfan Wrote: Dec 04, 2012 7:21 PM
The problem has been too much misplaced regulation combined with too easy credit. That being said, the last 30 years, except for the last 4, have seen tremendous growth in employment, wealth and productivity.
toucan1953 Wrote: Dec 04, 2012 7:24 PM
With the exception of the middle class who have lost ground the last 30 years. The middle class earn now - what they earned in the mid 70's (taking inflation into account)
toucan1953 Wrote: Dec 04, 2012 7:27 PM
As well as the working poor who have now fallen into the poverty category
Buck O Wrote: Dec 04, 2012 7:33 PM
Did you manage to figure out that your precious middle class can purchase much more now than they could in the 1970s, stupid?
toucan1953 Wrote: Dec 04, 2012 7:36 PM
Actually, after graduating from college in the mid 70's, my wife and I were able to purchase MUCH more than we can now.
Buck O Wrote: Dec 04, 2012 7:18 PM
How else would anyone respond to such a pathetic lie as yours? Economically illiterate much, imbecile?

Yesterday evening we reported the details of House Republicans' "fiscal cliff" compromise offer to the White House, which offered real ideological concessions, to the tune of $800 Billion in new revenues.  The plan -- originally conceived last year by the Democratic co-chairman of the debt commission, Erskine Bowles -- also calls for the reduction of both discretionary and mandatory spending, making needed (albeit small-ball) reforms to the largest drivers of our debt.  Unlike the president's risible, widely-panned proposal last week, Republicans' new negotiating posture offers genuine compromise: (a) It has bipartisan origins, (b) it achieves "balance," (c) it...