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Will Trump Survive The Campaign?
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<blockquote data-quote="The Other Side" data-source="post: 2187247" data-attributes="member: 17969"><p>Policies...?</p><p></p><p>How about cutting the taxes of the rich? Hoover started that, then wiped out the federal budget and caused the GREAT DEPRESSION. Hoover coined the concept that if you CUT the taxes of the rich, the rich would in turn invest the savings back into america and REVENUE would increase.</p><p></p><p>Unfortunately for the country, the opposite proved true and the nation was wiped out.</p><p></p><p>Reagan did it again ( cut taxes), and wiped out the stock market, the savings and loan industry, caused a recession of his own and racked up 3.7 trillion dollars in debt for the first time in history. While he didnt crash the economy to the extent of Hoover, unemployment ROSE to 10.7% from 6% at the end of his second year in office.</p><p></p><p>Realizing that he was running the nation out of money, he passed a social security bill that was suppose to shore up the fund, but instead, HE took the increased revenue to try and pay for other governmental services leaving the first IOU in the social security fund and effectively wiping that out for generations to come.</p><p></p><p>BUSH 1, started his term with "read my lips, no new taxes" but quickly racked up another 1.5 trillion in debt taking reagans debt to 5 trillion dollars until he was forced to RAISE taxes to get that debt paid down.</p><p></p><p>BUSH 2 went full Hoover and CUT TAXES to the same degree as hoover and we know how that ended. 11 trillion dollars in debt, the collapse of the stock market, unemployment doubling from 4% to 8%, then at the end of his last fiscal year unemployment rose to 10.2%, and the housing collapse, the banking collapse and the exodus of our manufacturing industries without any protections or preventions.</p><p></p><p>These policies are all one in the same.</p><p></p><p>Trickle down economics also comes with another side, its called TRICKLE UP recovery.</p><p></p><p>TOS.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 2187247, member: 17969"] Policies...? How about cutting the taxes of the rich? Hoover started that, then wiped out the federal budget and caused the GREAT DEPRESSION. Hoover coined the concept that if you CUT the taxes of the rich, the rich would in turn invest the savings back into america and REVENUE would increase. Unfortunately for the country, the opposite proved true and the nation was wiped out. Reagan did it again ( cut taxes), and wiped out the stock market, the savings and loan industry, caused a recession of his own and racked up 3.7 trillion dollars in debt for the first time in history. While he didnt crash the economy to the extent of Hoover, unemployment ROSE to 10.7% from 6% at the end of his second year in office. Realizing that he was running the nation out of money, he passed a social security bill that was suppose to shore up the fund, but instead, HE took the increased revenue to try and pay for other governmental services leaving the first IOU in the social security fund and effectively wiping that out for generations to come. BUSH 1, started his term with "read my lips, no new taxes" but quickly racked up another 1.5 trillion in debt taking reagans debt to 5 trillion dollars until he was forced to RAISE taxes to get that debt paid down. BUSH 2 went full Hoover and CUT TAXES to the same degree as hoover and we know how that ended. 11 trillion dollars in debt, the collapse of the stock market, unemployment doubling from 4% to 8%, then at the end of his last fiscal year unemployment rose to 10.2%, and the housing collapse, the banking collapse and the exodus of our manufacturing industries without any protections or preventions. These policies are all one in the same. Trickle down economics also comes with another side, its called TRICKLE UP recovery. TOS. [/QUOTE]
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