(11-28-2017 04:40 PM)Fitbud Wrote:  

Quote:then why did the wealth gap actually shrink under Reagan and expand under Obama?

Perhaps because we were forced to bail out Wall Street. Isn't that what I said?

Quote:Why did it actually do pretty well, but not as well as under Reagan after Clinton cut the capital gains rate (something the working class NEVER use) to 20%?

Maybe because tax reform always comes with a some immediate effects that diminish over time like the current one will likely do. Isn't that how they always do it. Give them something up front so that they don't notice how we are going to **** them from behind?


Why have (according to Tom's own link) corporate profits been at near records under Obama?

Again, the bailouts?

SOME of them won't trickle down.... especially if they don't encourage activity HERE like Obama's stimulus and Jr's last $600 didn't.

The recession didn't 'hit'... it was the natural result of Barney Frank's likely well intended goal of home ownership for all combined with Clinton's goal of not expanding the Federal Government and Bush's goal of 'dancing with who brung ya' and hoping that he could ride it out.

I think you mean Newt Gingrich. It was his idea to get the feds in on the sub prime lending.
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I remind you that democrats and establishment republicans were for the bailouts, which gave birth to the tea party.

Hence, Trump.