God reigns when we take a liberal view, when a liberal view is presented to us. ~ Henry David Thoreau
Thursday, January 27, 2011
Hoover got us into the Great Depression with his version of the "trickle down" theory. We got out of it by raising taxes on the wealthy. Money flows up, not down. When the poor & lower middle class have money, they spend almost all of it, thereby creating businesses and jobs up the line. Tax cuts to the rich bypass the rest of the economy.