we were told that uh...
when we get at massive tax cuts
uh... in all wanna know three when bush at past them
uh... their record breaking the largest tax cuts in the united states is true
that every was gonna be alright are that we would have more jobs and that we would have
higher income
we would have there
now we know what i was just
disaster
we lost eight million jobs lifetime bush left office
uh... after the crash right
and overall i remember ed bite it
time maybe yours were done
about him
a little over a million jobs have been created when you count the whole eight years at the
end we lost eight million we fell off a cliff
river during clinton's eight years recreated twenty two million jobs
so i'm just doing million per cent
but hey you know what may be our income went up overall minimum not more jobs were waged
is there any chance that i haven't
apparently not
david kay johnson with a brilliant analysis of the numbers
let me start telling you
uh... between two thousand and two thousand eight
american attack people lost
to point seven four
trillion dollars in income
four point seven point ronnie and others
lessening come
over those eight years
mediated disaster
that you limit the number she certainly that's not fair okay
in because the tax cuts or complete at the end of two thousand three
and we had you know i dot com crash
and when the bush cut came in office
and it's not fair to count the massive crash at the end why isn't it fair he caused the
crash right
but you want to be
incredibly generous just learn on three and immuno seven
what what the republicans are those of the leaders issued out
but all you have the the positive
they're not positive easy that numbers showing yet
this filled out art income nationally got in this so-called lawyers a bush
is still down nine hundred and fifty one billion dollars
didn't work but your
any circumstance for any year
we not only is i guess its report four seven trillion dollars we lost
she's inexcusable and i listened to some other numbers here
uh... that these taxpayer
five point seven percent of his income
eight-year period ok so down five point seven percent
that's equivalent of three thousand five hundred and twelve dollars a year
which then becomes equipment over eight years
of twenty-one
thousand dollars
you lost that average american lust what do you want
house dollars in income
under the bush years
nobody tell u tax cuts for the answer
they get more tax cuts for the reginald denny get richer
is a trickle-down there's a lot like trickle-down
now look like the two twenty one thousand dollars out of your pocket
on reigate disaster
continuing if that weren't bad enough or at least a look at look at least
between two thousand five and two thousand seven
but don t the peak years
as the real estate bobble
book you've got larger and larger and larger
before first
and it crashed
if you want to be super further homes they all went well some of those years
well one of the wealth goin tears yeah there was somewhat create what right
well into this
turns up thirty percent
above of the income that was raised
what the people making
over a million dollars
somebody got rich
has got rich
well you didn't get rich you lost twenty one thousand dollars
well seven for you to make it over a million dollars
you know remember bush joke around about a some call you the elite i call you my base
referring to the millionaires
there you have it
david kay johnson
represent as well now
how about
uh... our budget
okay now you lost money but if the government was my because they tell us tax cuts
creates more money for the federal government
magically increases revenue even though you
lowering taxes at school supply side and a
within that magic that worked out for us
welder differs eight years
two thousand two thousand eight
we lost
one point eight
trillion dollars
enough in federal represents korean tax policies
that you include
the bubble burst
the last two years which is a possibility ran our economy
because of the crash
it's two point three trillion but you know what listening generous again forget in two
point three trillion number underbrush even if you don't can't counter drag
account the crash
we lost one point eight trillion dollars from the budget
what happened i thought we were to spin get more money no
we lost money
eubanks pro-active budget created enormous deficits
but today they come out they tell you know the answer is more tax cuts
well if you look at the numbers you got to be stupid to believe
how many times over to get tricked into this
all right now
one uh...
other thing for you
uh... if you were uh...
it lucky to be in the
one tenth of one percent point one percent
of taxpayers
that were making over two million dollars well hey we finally have a winner
you guys got one eight dollars
uh... in the tax cuts
twelve point five percent of all the money that will quit
went backed so-called went back to the american people
went back to the top
one percent
the people making over two million dollar
so once again
somebody got rich
birthday
and it worked out her somebody the people that put george bush in office
bake it uh... it was fantastic for them
but for the rest of us
we lost on average
as you saw earlier twenty one thousand dollars
every person in the car
uh... money went somewhere
you see where it went
so the next time become talking to you about tax cuts
whether or not
when they talk about job creators are we get more jobs
flat-out false not even close true they talk about how your button wages going to go up
flat-out false as you see there
not even close to trip
what they're actually telling you is you need honest and we need to shuffle more money up
to the top one percent
and the top point one percent
that's what we need to do
we need to do well the redistribution
all we have to the top
that sell a good idea to you
well if you're a natural top one percent of top point one percent
the fact that spirit yet yes
if you're the rest of us
it's a disastrous idea