Quote:
Originally Posted by TK Burk
McCain keeps attacking Obama as a "socialist" and a "Redistributionist in Chief," David Gergen claims that it was Ronald Reagan who actually starting "spreading the wealth."
http://www.youtube.com/watch?v=bt40s7IKPwE
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Oh yes, David Gurgle, the former Clinton Administration employee, is really credible and objective here.
RR did no such thing. He cu taxes across the board as well as spending and the economy grew in an unparalleled manner and created 20 million jobs. Everyone did better during the Reagan years and its effect carried over into the 90s paving the way for the internet boom.
Spreading the wealth means to tax the rich (and middle class too--socialists always just say "rich" but they really mean most taxpayers) at higher rates and then give it to people who are not working, who are dependent on gov't assistance, and aren't contributing to the general welfare. Reagan never did that. Obama will.