As I have mentioned several times before I am a history buff and have been for more than fifty years now. So, I am a believer in the saying “Those who ignore history are bound to repeat it“. With that in mind here is a quote from the above article (click on the link above to see the whole article):
Early in his first term, President Clinton raised taxes on the wealthiest Americans, and the increase was met by doomsday predictions from Republicans — similar to the right-wing clamor of today. Despite the dire claims, the economy prospered for nearly a decade.
By comparison, while the Bush-era tax cuts have been in place for a decade, private-sector job growth has been stagnant and the nation’s debt has exploded. After 10 years of this failed approach, Boehner and Cantor are now recommending more of the same.
It seems those yahoos who are currently in charge of the Republican party have very short memories and they are counting on all of us to have the same. I hope there are a lot of history buffs like me around to remind them of the facts at next years election. Now I am not saying that the Democrats are doing a super job with handling all our messes but at least they won’t make it worse by ignoring history.
Let’s finish up this post with a quote from one of my heroes, Will Rogers:
The whole trouble with the Republicans is their fear of an increase in income tax, especially on higher incomes. -February 27, 1931
Get over it my Republican friends. Trickle down didn’t work when it was invented by you guys almost thirty years ago and it absolutely doesn’t work now.