When Ronald Reagan cut taxes in the early 1980s, the United States immediately went into a recession, followed by another recession in 1990. When George W. Bush cut taxes, the United States went into a recession, and now, eight years later, we're in another recession. America's greatest period of non-wartime economic growth occurred in the late 1930s -- after Franklin Roosevelt increased taxes. The real reason conservatives support tax cuts is so greedy rich people can keep more of the ill-gotten wealth they obtained by exploiting poor working-class people.
Conservatives oppose government spending because they say the private sector can spend that money more efficiently. Again, they rely on an outright lie. Nine out of ten new businesses fail in their first year of existence. I wouldn't call that efficient. Can conservatives claim the U.S. auto industry, the banking and real estate businesses and other failed sectors of the free market are efficient? The answer is no, not even close.
An unequal distribution of wealth causes all recessions and depressions. Greedy business-owners, in an attempt to maximize profits, pay their workers as little as possible. In turn, the workers can't afford to buy the products sold by other greedy business-owners. This is why a pure free market system will always fail, and we need a government that regulates and redistributes wealth.
Mark Gelbart, Augusta