Scarborough: Trickle-Down Economics Won't Save Economy

Monday, 28 Jan 2013 03:21 PM

By Newsmax Wires

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama continues to pursue his failed economic policy as the government’s debt burden grows larger and larger, says Joe Scarborough, host of MSNBC’s “Morning Joe.”

The George W. Bush administration helped push the debt to $11 trillion, and now Obama has done his part to send it to $16.5 trillion, Scarborough writes on Politico.

“After a decade of Keynesian tax cuts, spending hikes, entitlement explosions, two wars, and free money from the Fed, America finds itself struggling through a sluggish economy that continues to gut the middle class.”

Scarborough, a former Florida GOP congressman, cites several distressing economic statistics: 25 percent of Americans subsist on food stamps, almost one-third are "not in the civilian work force," and Americans’ average income has dropped over the last four years.

He faults both parties. “Republicans still believe the Bush bailouts saved the economy,” Scarborough writes. “Democrats still insist that President Obama's stimulus bill and massive spending plans turned our country around.” But they’re both wrong, he says.

“How long will politicians fool themselves into believing that their version of a Washington-based trickle-down economics will save America from itself? When will they figure out that our economy will grow from the bottom up when Washington cuts the debt, balances the budget and finally gets out of our way?”




© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

US Asks NKorea to Release Americans on Humanitarian Concerns

Monday, 01 Sep 2014 08:45 AM

The U.S. government on Monday requested that the North Korean government release three U.S. citizens currently detained  . . .

Obama: 'Revving' Economy Calls for Higher Wages

Monday, 01 Sep 2014 17:22 PM

President Barack Obama renewed his push for Congress to raise the minimum wage Monday in a buoyant accounting of the eco . . .

Cameron: We'll Seize Passports to Fight Jihadists

Monday, 01 Sep 2014 15:00 PM

British Prime Minister David Cameron said he will force airlines to share flight-lists with security services and give p . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved