The Republican approach to the economic crisis... IT JUST DOESN'T WORK!!

Here is the problem with the Republican approach to the economic crisis. IT JUST DOESN'T WORK!!

Their theory of trickle down economics sounds good, but it has never worked and will never work. It doesn't even look good on paper. Just sounds good. It's what we call Supply Side Economics as opposed to Demand Side Economics.

SUPPLY SIDE ECONOMICS:
Their theory is to give money to the wealthy through tax cuts, subsidies or otherwise and they (the wealthy) will build plant and factories and start all other types of businesses and hire people, then the people will pay taxes so the government gets back all and more than it gave away. PROBLEM: The wealthy are already rich enough to start businesses if they wanted to and have become even richer under George Bush. They don't start new businesses because people are not working and can't buy any product that they would produce. Why would they spend money just to create a "glutton" of inventory that people can't afford to buy? THEY WON'T and never have. Their money, they keep. Free money from the government, they hoard. Why waste it on excess inventory that they can't sell? So the money goes out to the wealthy, but it never trickles down. This is why the top 1% of the people in the country control 27% of the money in the country. If we let the Republicans stay in office, a small percent of the people will control ALL of the money. They have done very well under Bush and they are still laying off because nobody is buying.

NOW let's try DEMAND SIDE ECONOMICS:
Get money to the people (by any means necessary). It may be government giveaways, stimulus packages, tax cuts, redistribution of wealth, government projects, building roads and bridges, etc., etc. and so on and so forth! The list is as long as good ideas last. Now when you have people with money, they want to shop. THERE IS THE DEMAND. Now you have people with money, paying taxes, and wanting to spend the rest of there money. Now somebody is going to start businesses to supply those products to meet the demand. They will even spend some of their own money to start the business or get a bank loan. Then they will hire more people to produce the products and every is paying taxes. And the government wins with the increase in tax revenue. Businesses are excited because they can sell their inventory. This is a WIN WIN WIN WIN situation. Business wins, the workers win, the shoppers win, and the government wins. It works for everybody and the government doesn't run up a big deficit.

YOU DON'T HAVE TO BE A ROCKET SCIENTIST TO UNDERSTAND THIS STUFF. EVEN IF YOU DON'T UNDERSTAND THE ECONOMICS, JUST STUDY HISTORY. It's there in black and white.

Don't be fooled in this election, vote Democratic across the board starting at the top with Obama!!!

BB