He was disdainful of those who objected to the 1997 changes to the Capital Gains tax that turned the housing market in a casino for speculators and helped bring down the economy within a decade.
He dismissed those who opposed the repeal of Garn-St Germain, the banking law enacted after the 1929 stock market crash to keep banks from mixing their banking functions with their investing function. Within a decade taxpayers were laying out hundreds of billions of dollars to bail out banks whose stupid investments had undermined their ability to function as banks.
He riduculed the people who suggested that invading Iraq might not be a good idea.
He was a big cheerleader for the Bush era tax cuts that played a big part in our current deficit and continued the ongoing process of lining rich peoples pockets with money that otherwise would have reduced the government debt.
Rush has consistently been on the wrong side of every major policy decision in the last twenty years, and he still has millions of devoted followers. He is an amazing entertainer.
Sunday, September 25, 2011
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