[Lemmy]

BartSimpson BartSimpson:

And the period of 1957 to 1962 was one marked by stagnated economic growth and what pulled the USA out of it?

Yep, that's right. That evil, right wing fascist John F. Kennedy cut taxes on top wage earners.

To attribute the US economy's turnaround in the mid 60s to those tax cuts is a tremendous exageration. There were many factors at play and importance and effect of tax cuts come in about number 83 on that list of causes. The number one cause was the growth of unions, which elevated millions of low income workers to the middle class. Number two on the list was government spending on increasing military involvement in Southeast Asia. In the years following, the government's failure to RAISE taxes to pay for the war created the tremendous inflation driving the economy back into the toilet in the late 60s and early 70s.

[DanSC]

Canajazz Canajazz:

DanSC, look at what it has brought us to? Can you say that hope prevails in political discourse when all participants are looking for one thing, the advancement of their personal views about how we should live? I'm tired of letting the super rich dictate to our elected officials how I should live. Aren't you?

I think the super-rich should have just as much say as myself; they are voters after all. I also think we can talk without being super-competitive, but maybe that's because I satisfy my need to compete in other ways.

[jason700]

Yes, the super-rich should have as much say in politics as anyone else. But right now they have all the say in the US.

$1:

the top eight US banks spent $26m (£16m) on lobbying efforts last year, an increase of 6% on 2008 despite their financial woes, according to Congressional records. And in the first 10 months of 2009, the financial industry donated $78.2m to federal candidates and party committees – more than any other business sector – according to political research institute the Centre for Responsive Politics.

[Public_Domain]

[Proculation]

Mr_Canada Mr_Canada:

Lmfao class warfare?

Damn you guys are funny...

BTW, class warfare is a leftist term.

[Public_Domain]