As the 1 Percent Leaves the 99 Percent in the Dust, Bush’s Chief Economist is Smiling

The time came for Roosevelt and Hitler. That time is here again.

Talking Union

by Gregory N. Heires

2008_Top1percentUSAPerhaps you shouldn’t be surprised that the chief economist during George W. Bush’s presidency seems happy that economic inequality in our country is at its most extreme since the Great Depression.

After all, the Bush administration delivered huge tax breaks to the wealthy, the very people described by the former president as his political base.

N. Gregory MankiwN. Gregory Mankiw, chair of Bush’s Council of Economic Advisers from 2003 to 2005, advisor to Republican presidential candidate Mitt Romey and now chair and professor of economics at Harvard University, created a stir with his pre-publication release of a new paper entitled, “In Defense of the One Percent.”

Author of the college textbook “Principles of Economics,” Mankiw stands behind conservative political and economic policies whose success has come at a high social cost.

View original post 2,253 more words

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s