Let’s look at some facts. Our national debt was $900 billion when Reagan took over. He expanded it to $3 trillion, created a lot of defense jobs, and a good economy on borrowed money, which made most of us better off as well as created many Republican millionaires — and he did all this while lowering the tax rates considerably for the super rich.
Next came Bush One, and he ran the debt up more.
Next came Clinton who raised taxes on the rich and the economy took off and created nearly 30 million jobs, and the national debt was being paid down.
Then came Bush Two, who lowered taxes for the rich considerably, started two unfunded wars, ran up the national debt to over $10 trillion, and when he left office we were losing jobs at about 800,000 per month.
Obama came in while inheriting the worst financial crisis since the great depression and created over five million jobs in 4 years — more than were created in the past eight years under a Republican administration.
I challenge Linda Delamare to prove any of the above untrue.
I would argue that America’s greatest danger is not socialism, but plutocracy. America has not always been the land where anyone could make it if he worked hard enough. Consider capitalism in America during the 19th and early 20th century for starters. If you are unaware of it, then I suggest you read up on it and learn about the 12-hour workdays, six days a week, with workers barely earning enough to keep from starving while the Rockefellers, Carnegies, Morgans, Vanderbilts and many more became filthy rich.
If history has proven one thing, it is that greed going unchecked will allow those at the top to get richer and richer while denying those who work on the lower scale a decent standard of living.
Ms. Delamare is right about one thing, “it cannot last.” And yes, there have been revolutions, many of them caused by improvising the masses. Just consider the French and Russian revolutions.
But I think what Ms. Delamare is really upset over is Obama getting a second term. To me it was a choice of going back to failed policies like reducing taxes for the rich, the result being each time that we ended up with a larger national debt; or rewarding companies to dismantle profitable companies while paying American workers decent salaries, then sending those jobs to China so people like Romney could take food and homes away from American families and give those same jobs to Chinese workers for .99 cents per hour, and thus enrich himself at the workers’ expense. Or, to let more companies like GM “go bankrupt” as Romney had advocated.
Ms. Delamare, I do not question your belief, but I most certainly disagree with it.