VIEDIO of TRICKLE DOWN ECONOMICS Explained

Video of Rachel Maddow on Trickle Down Economics AKA Reagan Economics

This is a very good explanation with charts and grafts and a reference to the Tax Bill the Senate was to vote on the next day.   This type of economics has been tried and tested and she explains why it just doesn't work.  The Republicans are recycling the idea for years and they are just repeating untruths. Click on the link below for her full Vedio: http://www.msnbc.msn.com/id/26315908/vp/40501142#40501142

OBAMA TELLS DEMS HE’LL OPPOSE TAX CUTS WITHOUT UNEMPLOYMENT & OTHER RELIEF

“"The President told Democratic Congressional leaders today that he was open to compromise, but he would oppose even a temporary extension of the Bush tax cuts if it did not include an extension of benefits for the unemployed and extensions of the other tax cuts that benefit middle class families," a White House official told the Huffington Post.”” 

Although this sound like it is a new solution it had been worked out with the Republicans prior to the vote in the Senate.  The Tax break extension being bandied about is suppose to be for two years. Unnamed sources say.(Altnet)

For the complete article go to: http://www.huffingtonpost.com/2010/12/04/obama-tells-dems-hell-opp_n_792086.html?ref=fb&src=sp

REPUBLICANS VOTE DOWN 2 BILLS

The Senate has voted down two Bills today. (Saturday) The first bill was to limit the tax cuts to those making over $250,000.00 per year a pledge that President Obama made while campaigning. This would have preserved the tax cuts for most middleclass Americans but remove the tax cuts on the wealthiest 1% tax payers. 

The second Bill was to remove tax cuts on anyone making over $1,000,000.00.  This Bill is to prove that the Republicans are intent preserving the millionaires interests and willing to sacrifice the middle class.

Both Bills failed and it may because the Administration has agreed to allow the tax breaks to continue for several years in exchange for extended Unemployment Insurance benefits. 

This looks like blackmail to me and I’m saddened that our Government has to resort to this type of agreement when it is so morally wrong. 

For the entire article please go to http://tpmdc.talkingpointsmemo.com/2010/12/senate-republicans-block-middle-class-tax-cut.php?ref=dcblt