Home > Fande = Fact & Evidence, The Economy > Republican Mismanagement of Our Economy

Republican Mismanagement of Our Economy

Reagan Insider: ‘GOP Destroyed U.S. Economy’

by Paul B. Farrell
Tuesday, August 10, 2010

http://finance.yahoo.com/banking-budgeting/article/110297/reagan-insider-gop-destroyed-us-economy?sec=topStories&pos=5&asset=&ccode=

EXCERPT:

“During the last bubble (from 2002 to 2006) the top 1% of Americans — paid mainly from the Wall Street casino — received two-thirds of the gain in national income, while the bottom 90% — mainly dependent on Main Street’s shrinking economy — got only 12%. This growing wealth gap is not the market’s fault. It’s the decaying fruit of bad economic policy.”

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