Reagan championed the trickle down theory of cutting taxes for the rich and their increased spending would result in more for the rest. Obama has vocally championed making the rich pay more. The progressive theory doesn't talk about dollars much but percentages. Afterall even under Reagan the rich paid more.
To me obamanomics is a pop culture style of leadership. What makes you popular with the widest audience wins. One could say that is how a democracy works, but if we are to compare governing our national affairs with a popularity contest we are in trouble. Obama will take from the rich and redistribute to the masses that give him popularity. Oh if it were just that simple.
Why isn't it that simple? Obamanomics will result in continuous debt that really is the biggest real threat to our nation. Sadly pop culture doesn't care so long as the party goes on. There in lies the key to obamanomics. Kicki the can down the road, keep the party going, and rock on. When it's finally over someone else can deal with it.
To me obamanomics is a pop culture style of leadership. What makes you popular with the widest audience wins. One could say that is how a democracy works, but if we are to compare governing our national affairs with a popularity contest we are in trouble. Obama will take from the rich and redistribute to the masses that give him popularity. Oh if it were just that simple.
Why isn't it that simple? Obamanomics will result in continuous debt that really is the biggest real threat to our nation. Sadly pop culture doesn't care so long as the party goes on. There in lies the key to obamanomics. Kicki the can down the road, keep the party going, and rock on. When it's finally over someone else can deal with it.