This just in: Republican economic policies are about as legitimate as using horse de-wormer medicine for COVID.
This has been the case for decades. Republican economic policies are not based in any rational economic thought and amount to essentially a con game. Don’t take my word for it. Look at the following link: Democrat VS Republican
Let’s briefly look back at the economy under Trump. Their proclaimed major accomplishment was a tax break for the rich and any company that would contribute to their party. The promises:(1) Bring back manufacturing to the United States, (2) More money for the rich that would “trickle-down” to the poor, (3) 3 to 6% economic growth and (4) A tax return you could file on a post card. All of these failed. All of these. However, they did manage to drive up the national debt by 8.3 trillion dollars with nothing to show for it.
Now that Democrats are in charge, it looks like the government doesn’t want to simply give money to the rich. Instead, it is rightly being talked about as an investment. The price tag over 10 years is around $4 trillion. This is a staggering amount of money unless you consider that the return is likely to be several times bigger.
Let’s take a look at the Republican plan under Trump: “We will take $1,000 from you and give it to the rich and magically, you will become rich. Trust us when we say they won’t spend it on themselves or hide it off shore.”
Now let’s look at the Democrat plan under Biden: “We will take $1,000 from you and invest it in you. Green Energy, Transportation, Education, Infrastructure Modernization, Technology etc.”
I bet you can guess where my sentiments lie.
Time to save the world.
Up, up and away…
Jim