Not exactly an economic historian, eh? Think back to the two - major periods when Wall Street was NOT... Posted: Dec 5th, 2017 - 4:51 am In Reply to: Kansas and North Carolina. Examples of - what tax cuts do
..."happy" as you put it. The Great Depression, and the Crash of 2008.
What were the employment levels during those periods? What happened to wages? What happened to housing? What happened to manufacturing?
From your post, I can see that you have succumbed to the ridiculous notion that "Wall Street" has nothing to do with what happens on "Main Street." Of course, this is sheer nonsense, but it's precisely the logical error that the impoverished leadership on the left wants you to make.
There's a connection between corporate profits and employment levels. There's a connection between employment levels and housing value. There's a connection between employment levels and infrastructure investment.
It's not easy, but I find that the best way not to embarrass myself is to first learn something about a subject (other than sound bites and tweets) - and then discuss it rather than the other way around.
Yup.
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