And fortunately I'm here to respond!
How do you exclaim, as Hillary Clinton does, that today's economy is "like going back to the era of the robber barons" and insist that the nation urgently needs substantial tax increases, in the face of these facts:
In the 102 quarters since Ronald Reagan's tax cuts went into effect more than 25 years ago, there have been 96 quarters of growth. Since the Bush tax cuts and the current expansion began, the economy's growth has averaged 3 percent per quarter, and more than 8 million jobs have been created. The deficit as a percentage of gross domestic product is below the post-World War II average.
The answer is that what Hillary Clinton said and the set of facts Will lists for us to face down have nothing to do with each other. I'd spell out exactly why it is that an economy can be big and also heavily stratified, but the whole point of the rest of Will's column is that we shouldn't really give a shit about all that. So I guess that sort of renders the argument moot, right?
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