[quote]When you give tax breaks to the rich, they do not hire more employees, they do not pay their employees better - they save that money, invest it, do share buybacks, all while laying off employees.[/quote]
I'll just leave this here. You are looking at a pretty basic unemployment graph. Note that there was a worldwide recession creeping up during the late 1970s.
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Not sure what your point is. The recession ended; the tax cuts and the debt didn't. And tax cuts to the wealthy won't do much to spur growth since the wealthy will simply save that money instead of putting it back into the economy.