File This Under “Obama Should Never Have Stopped Saying This”
June 25, 2012 Leave a comment
We were told that huge tax cuts — especially for the wealthiest Americans — would lead to faster job growth. We were told that fewer regulations — especially for big financial institutions and corporations — would bring about widespread prosperity. We were told that it was okay to put two wars on the nation’s credit card; that tax cuts would create enough growth to pay for themselves. That’s what we were told. So how did this economic theory work out?
- President Barack Obama in Cleveland, Ohio (June 14, 2012)