April 27, 2012

Mitt Romney recently made a speech in which he said that people who were on food stamps would benefit from his becoming president. He said this even though he supports the Ryan budget plan, which would cut expenditures for food stamps. What was Romney’s reasoning? That we can't be sure of, but we can be sure of what he’d say if you asked him. Among other things, he'd say that because he would cut taxes for “job creators” (a word that in Republican-speak means the rich and very rich), business would improve and a lot of people on food stamps would get jobs and no longer need them.

This is the trickle down theory of economics, and it hasn’t worked. It’s implementation during the Bush era is why the richest 400 Americans own more wealth than the bottom 150 million people and between 2009 and 2010, 93% of all new income went to the top 1 percent of U.S. taxpayers.

Awhile ago Romney said, “I’m not concerned about the poor.” He’s defended that statement by saying it was taken out of context. Put it back in context. Put it in any context. Put it where you like. It's a shining revelation.